Business
Grant of Share Options
Grant of Share Options.
About this update from Thg Plc
[{"type":"text","content":"\n\n1 August 2024\nTHG PLC\n \n(\"THG\" or the \"Company\")\n \n \nGrant of Share Options\n \nThe Company announces that on 1 August 2024 it made awards of nil cost options over ordinary shares in the Company (\"Awards\" and \"Shares\") to certain directors and persons discharging managerial responsibility (\"PDMRs\") of the Company, under the rules of the THG PLC 2022 Long Term Incentive Plan (the \"Plan\").\n \nThe Awards have been granted over the number of Shares shown below. The Awards will vest on the third anniversary of grant, subject to the rules of the Plan and the achievement of stretching performance targets.\n \nThe details of the Awards are as follows:\n \n\n\n\n\nPDMR\n\n\nTitle\n\n\nNumber of Shares subject to Award\n\n\n\n\nDamian Sanders\n\n\nChief Financial Officer\n\n\n1,923,077\n\n\n\n\nJohn Gallemore\n\n\nChief Operating Officer\n\n\n1,923,077\n\n\n\n\n \nA summary of the performance targets is below:\n \n\n\n\n\nMeasure\n\n\nTarget details\n\n\n\n\nRelative TSR vs FTSE 250 Index (80% weighting)\n\n\nThreshold (25% vesting): median\nMaximum (100% vesting): upper quartile\nStraight-line vesting between these points\n\n\n\n\nAchievement of our ESG strategy in the form of supplier alignment with the Company's SBTi approved targets (20% weighting)\n\n\nThreshold (25% vesting): 60% of suppliers by spend\nMaximum (100% vesting): 63% of suppliers by spend\nStraight-line vesting between these points\n\n\n\n\n \nThe Company makes the below announcements and notifications in accordance with the requirements of the UK Market Abuse Regulation.\n \nNotifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:\n \n \n\n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nDamian Sanders\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Financial Officer\n\n\n\n\nb)\n \n\n\nInitial notification /Amendment\n\n\nInitial notification\n\n\n\n\n3\n \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nTHG PLC\n \n\n\n\n\nb)\n\n\nLEI\n\n\n 21380066N3SV9O8IDP37\n...