Business
Grant of performance share awards (LTIP) to PDMRs
Grant of performance share awards (LTIP) to PDMRs.
About this update from Pebble Group Plc
[{"type":"text","content":"\n \n \n \n 28 March 2023\n \n \n \n \n \n \n \n \n THE PEBBLE GROUP PLC\n \n (the \"Company\")\n \n \n \n \n \n \n Grant of performance share awards under Long Term Incentive Plan\nand\nNotification of transactions by PDMRs\n \n \n \n \n \n \n The Pebble Group plc (AIM: PEBB), a leading provider of technology, services and products to the global promotional products industry, announces that on 28 March 2023 the Company made a total award of 1,655,496 in the form of nil cost options or conditional share awards (Performance Shares) under The Pebble Group plc Long Term Incentive Plan (LTIP) to a number of senior employees across the Group, including to the Persons Discharging Managerial Responsibilities (PDMR), as detailed below:\n \n \n \n \n \n \n \n \n \n PDMR\n \n \n \n \n \n \n Number of Performance Shares\n \n \n \n \n \n \n \n Christopher Lee\n \n \n \n \n 256,410\n \n \n \n \n \n \n Claire Thomson\n \n \n \n \n 188,889\n \n \n \n \n \n \n Louisa Hesketh\n \n \n \n \n 20,684\n \n \n \n \n \n \n Ashley McCune\n \n \n \n \n 195,776\n \n \n \n \n \n \n Karl Whiteside\n \n \n \n \n 119,983\n \n \n \n \n \n \n \n \n \n The vesting of all the Performance Shares is conditional on meeting performance conditions measured over a three-year period as described below.\n \n \n \n \n \n \n Performance conditions\n \n \n \n \n \n \n \n 1. Adjusted Earnings Per Share (\"EPS\") Target\n \n \n \n Up to 70% of the total Performance Shares will vest dependent upon the achievement of cumulative adjusted EPS targets for the three years ending 31 December 2025, determined as follows:\n \n \n \n \n \n \n \n \n \n \n Cumulative Adjusted EPS for the three year period to 31 December 2025\n \n \n \n \n \n \n Portion of Ordinary Shares vesting subject to Adjusted EPS target\n \n \n \n \n \n \n \n Below 19.5p\n \n \n \n \n No vesting\n \n \n \n \n \n \n 19.5p\n \n \n \n \n 25%\n \n \n \n \n \n \n 20.6p\n \n \n \n \n 60%\n \n \n \n \n \n \n 21.8p or more\n \n \n \n \n 100%\n \n \n \n \n \n \n \n \n \n \n 2. Total Shareholder Return (\"TSR\") Target\n \n \n \n Up to 30% of the total Performance Shares will vest dependent upon the performance of the Company's Absolute TSR measured over the three year period ending 31 December 2025. The share price at the start of this period was 88.5 pence, b...