Billington Holdings PLC Long Term Incentive Plan (5201J)
19 August 2019 - 10:41PM
UK Regulatory
TIDMBILN
RNS Number : 5201J
Billington Holdings PLC
19 August 2019
19 August 2019
Billington Holdings Plc
("Billington", the "Group" or the "Company")
Long Term Incentive Plan
The Company confirms today that its Remuneration Committee (the
"Committee") has agreed a Long Term Incentive Plan (the "Plan" or
"LTIP") in which the Committee can award ordinary shares to
employees pursuant to terms of the Plan. The Company has worked
with its professional advisors to ensure that this Plan is
consistent with best practice in terms of structure and
quantum.
Details of the Plan
No awards under the Plan shall be granted which would, at the
time of grant, cause the number of shares granted, when added to
the number of shares allocated in the previous 10 years to exceed
such 10 per cent of the ordinary share capital of the Company in
issue at that time.
The number of shares in respect of which awards may be granted
to any person in any Financial Year shall not exceed such number as
has a market value equal to one times the individual's salary or
such other limit as the Remuneration Committee may, in exceptional
circumstances, determine and which in any event shall not exceed
such number of Shares as has a market value equal to two times
salary.
In calculating the award to individuals, the market value of
shares subject to an award shall be taken to be the middle-market
quotation of such shares on the Dealing Day last preceding the
award date.
The objective of the Plan is to ensure that the strategic
objectives of the company align with those of the senior management
and that the structure of the overall remuneration package assists
in maximising shareholder value. Performance criteria related to
the improvement in the trading performance of the Company are
applicable to the award of shares. The full award of shares shall
only be made should progression in Earnings per Share (EPS) be
equal to or greater than 20% per annum over a three year horizon
period.
Awards under the Plan
The following awards of ordinary shares have been made in this
round of the Plan:
Name Position Ordinary Total direct Total % direct Total number Total Potential
share options shareholding Shareholding of options % Shareholding
granted under in BILN in BILN held including
the Plan options
Chief Executive
Mark Smith Officer 68,966 5,000 0.039% 115,508 0.89%
------------------ --------------- -------------- --------------- ------------- ----------------
Trevor
Michael
Taylor Finance Director 51,724 6,000 0.046% 95,802 0.74%
------------------ --------------- -------------- --------------- ------------- ----------------
These shares will be satisfied from the Billington Holdings Plc
Employee Share Ownership Trust and it is not anticipated any new
shares will be issued to satisfy the award of shares under the
Plan.
The following notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, gives further
details.
For further information please contact:
Billington Holdings Plc Tel: 01226 340 666
Mark Smith, Chief Executive
Trevor Taylor, Finance Director
WH Ireland Limited Tel: 020 7220 1666
Chris Hardie
James Sinclair-Ford
Jasper Berry
IFC Advisory Limited Tel: 020 3934 6630
Tim Metcalfe
Miles Nolan
Zach Cohen
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Mark Smith
------------------------------------------------------------ -------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------------------------ -------------------------------------
b) Initial notification/ Amendment Initial Notification
------------------------------------------------------------ -------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------------------------------------
a) Name Billington Holdings Plc
------------------------------------------------------------ -------------------------------------
b) LEI 213800MUHLXWQQ6MEN67
------------------------------------------------------------ -------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
---------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument
Ordinary Shares of 10p each
Identification code GB0000332667
------------------------------------------------------------ -------------------------------------
b) Nature of the transaction Award under Long Term Incentive Plan
------------------------------------------------------------ -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 68,966
----------
------------------------------------------------------------ -------------------------------------
d) Aggregated information
* Aggregated volume 68,966
Nil
* Price
------------------------------------------------------------ -------------------------------------
e) Date of the transaction 19 August 2019
------------------------------------------------------------ -------------------------------------
f) Place of the transaction Off Market
------------------------------------------------------------ -------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Trevor Michael Taylor
------------------------------------------------------------ -------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------------------------------------ -------------------------------------
b) Initial notification/ Amendment Initial Notification
------------------------------------------------------------ -------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------------------------------------
a) Name Billington Holdings Plc
------------------------------------------------------------ -------------------------------------
b) LEI 213800MUHLXWQQ6MEN67
------------------------------------------------------------ -------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
---------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument
Ordinary Shares of 10p each
Identification code GB0000332667
------------------------------------------------------------ -------------------------------------
b) Nature of the transaction Award under Long Term Incentive Plan
------------------------------------------------------------ -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 51,724
----------
------------------------------------------------------------ -------------------------------------
d) Aggregated information
* Aggregated volume 51,724
Nil
* Price
------------------------------------------------------------ -------------------------------------
e) Date of the transaction 19 August 2019
------------------------------------------------------------ -------------------------------------
f) Place of the transaction Off Market
------------------------------------------------------------ -------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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