Business
Grant of Awards
CT Automotive Group PLC has awarded a total of 2,077,108 ordinary shares under its Executive Long Term Incentive Plan to its Chief Executive Officer, Chief Commercial Officer, and Chief Operating Officer, with vesting scheduled for June 30, 2029. These awards are subject to performance conditions including EPS targets, revenue growth with a CAGR of 8%-12% for FY26-FY28 aiming for aggregate revenue between $402.5 million and $433.9 million, and a Total Shareholder Return target of 20%-30% CAGR. Additionally, 311,925 ordinary shares were granted under the Management Share Option plan to seven senior employees, subject to a three-year vesting period without performance conditions. Following these grants, options will represent approximately 5.8% of the issued share capital, with 80% of those subject to performance conditions. Disclaimer*
About this update from Ct Automotive Group Plc
3 July 2026 CT Automotive Group PLC ("CT Automotive" or the "Group") Grant of Awards CT Automotive, a leading designer, developer and supplier of interior components to the global automotive industry, announces that on 2 July 2026, the Company awarded options over a total of 2,077,108 ordinary shares of £0.005 ("Ordinary Shares") under the Executive Long Term Incentive Plan ("LTIP") to Chief Executive Officer (Simon Phillips), Chief Commercial Officer (Scott Mckenzie) and Chief Operating Officer (Graham Mackey) (together, the "LTIP Awards"). In considering the terms of the LTIP Awards, the Company has consulted with several of its major shareholders, and their terms reflect the outcome of that consultation. The table below sets out details of each award granted to the senior executives: Individuals Role Performance conditions Number of LTIP Awards granted Simon Phillips Chief Executive Officer LTIPs based on three different performance targets which apply to three equal tranches of options under the grant: Tranche 1 (33.3% weighting): EPS performance targets applying to each third of Tranche 1 shares, over the next three financial years; Tranche 2 (33.3% weighting): Revenue performance targets based on CAGR of 8% - 12% of aggregate revenue for the three financial years FY26, FY27 and FY28 with 25% of the Tranche 2 options vesting at a threshold aggregate revenue of $402.5 million and 100% of Tranche 2 options vesting at aggregate revenue of $433.9 million with vesting on a straight-line basis between the threshold target and stretch target; and Tranche 3 (33.3% weighting): An absolute Total Shareholder Return target based on achieving CAGR rates of 20% to 30% over the next three financial years on a base price calculated as the average share price over 30 days from the last practicable date prior to grant of 33.46 pence. Vesting takes place on a straight-line basis between the threshold target and stretch target. 1,569,038 Scott Mckenzie Chief Commercial Officer LTIPs based on two different performance targets which apply to two equal tranches of options under the grant: Tranche 1 (50% weighting): EPS performance targets applying to each third of Tranche 1 shares over the next three financial years; and Tranche 2 (50% weighting): Revenue performance targets based on CAGR of 8% - 12% of aggregate revenue f...
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