Business
Establishment of New Long-Term Incentive Plan
Establishment of New Long-Term Incentive Plan.
About this update from System1 Group Plc
[{"type":"text","content":"\n\n14 May 2025 \nSystem1 Group PLC (AIM: SYS1)\n(\"System1\" or \"the Company\")\n \n \nEstablishment of New Long-Term Incentive Plan and Grant of Options to PDMRs\n \nSystem1 is pleased to announce the establishment of its 2025 Long-Term Incentive Plan (2025 LTIP\"), following consultation with certain shareholders and approval by the Board. The 2025 LTIP is designed to align leadership incentives with shareholder value by driving long-term performance and sustainable growth.\n \nUnder the 2025 LTIP, the Company has granted nil-cost options (\"Options\") over ordinary shares of 1p each in the Company (\"Ordinary Shares\") to members of its executive team, including two Executive Directors of the Company who are persons discharging managerial responsibilities (\"PDMRs\"). For the PDMRs and certain members of the executive team the awards detailed below replace the options granted to them under 2021 LTIP which have now been cancelled.\n \nKey Terms of the 2025 LTIP:\n \n· The Options vest over three vesting dates starting at the end of July 2027, subject to the achievement of threshold performance levels related to Revenue and Adjusted Profit Before Tax1 for the year ending 31 March 2027 of £46m and £5.9m respectively (\"Threshold\"),\n· Full vesting of Options on the achievement of performance targets as follows:\no Revenue of £60m, £71.0m and £85.0m for the year ending 31 March 2027, 31 March 2028 and 31 March 2029 respectively; and\no Adjusted Profit Before Tax1 of £10.5m, £15.3m and £20.0m for the year ending 31 March 2027, 31 March 2028 and 31 March 2029 respectively.\no together (\"Target\").\n· 12.5% of the Opt...