Business
LTIP, PDMR Dealings & Retention Award
LTIP, PDMR Dealings & Retention Award.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n \n \n 16 February 2023\n \n \n \n \n \n \n \n \n TPXimpact Holdings PLC\n \n \n \n (\"TPX\", or the \"Group\", or the \"Company\")\n \n \n \n Long Term Incentive Plan\n \n \n \n TPXimpact Holdings PLC (AIM: TPX), the technology-enabled services company focused on digital transformation, announces the implementation of a new Long Term Incentive Plan (\"LTIP\" or \"the Plan\"), together with a grant of nil-cost share options for its Executive Directors and certain members of the senior leadership team in order to ensure the TPX senior leadership is incentivised in a manner aligned with the interests of the Group's shareholder base.\n \n \n The LTIP is comprised of a total of 1,050,000 nil-cost share options over ordinary shares (\"Awards\") in the Company, and will vest on 30 November 2025, subject to continued employment throughout and meeting certain performance targets. The plan provides the potential for participants to earn meaningful value on the basis of strong company and share price performance. The Remuneration Committee has discretion to amend these terms to ensure that any performance targets remain appropriate.\n \n \n The award criteria will include performance targets linked to the delivery of total shareholder return performance when benchmarked against AIM AllShare index (50% weighting), ESG performance (15% weighting), and EPS CAGR growth over the period (35% weighting).\n \n \n \n PDMR Dealings\n \n \n \n The following Awards have been granted to the following person(s) discharging managerial responsibilities.\n \n \n \n \n \n \n Director\n \n \n \n \n Role\n \n \n \n \n No. of shares under Award on the basis of achieving the maximum performance targets\n \n \n \n \n \n \n Bjorn Conway\n \n \n \n \n Chief Executive Officer\n \n \n \n \n 300,000\n \n \n \n \n \n \n Steve Winters\n \n \n \n \n Chief Financial Officer\n \n \n \n \n 200,000\n \n \n \n \n \n \n \n \n \n The remainder of the LTIP Awards have been allocated to certain senior executive leaders of the Group.\n \n \n The Plan was adopted on 14 February 2023. Further information on the Plan's performance targets will be detailed in the Group's 2023 Annual Report.\n \n \n \n \n \n \n \n \n Retention Award\n \n \n \n In addition to the above, and in accordance with his service agreement effective 1 October 2022, Steve Winters, Chief Fina...