Billington Holdings PLC Long Term Incentive Plan (3473U)
01 August 2022 - 4:00PM
UK Regulatory
TIDMBILN
RNS Number : 3473U
Billington Holdings PLC
01 August 2022
1 August 2022
Billington Holdings Plc
("the Company" or "Billington")
Long Term Incentive Plan
The Company confirms that its Remuneration Committee (the
"Committee") has agreed the following awards under the Long Term
Incentive Plan (the "Plan" or "LTIP").
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.
The performance criteria for these awards of shares specifically
relates to the improvement in the trading performance and
profitability of the Company. The full award of shares will only be
made should profitability achieve specified targets by the end of
the performance period of the award.
The performance criteria for the 2022-2023 plan relate to a
profit before tax (PBT) range of GBP4.5 million (25% vests) to
GBP6.5 million (100% vests). The performance criteria for the
2022-2024 plan relate to a profit before tax (PBT) range of GBP5.5
million (25% vests) to GBP7.5 million (100% vests).
The following awards of ordinary shares have been made in this
round of the Plan:
Name Position Ordinary Ordinary Total Total Total Total Total
share share Ordinary shares number direct Potential
options options share awarded of shares shareholding % Shareholding
granted granted options under options in BILN including
under under granted Deferred currently options
the Plan the Plan under Bonus held
- - 2022- the Plan Plan
2022-2023 2024
Chief
Mark Executive
Smith Officer 123,359 126,443 318,955 18,160 337,115 19,554 2.758%
------------ ----------- ---------- ---------- ---------- ----------- ------------- ---------------
Trevor Chief
Michael Financial
Taylor Officer 92,519 94,832 239,215 13,620 252,835 19,323 2.014%
------------ ----------- ---------- ---------- ---------- ----------- ------------- ---------------
These shares will be satisfied from the Billington Holdings Plc
Employee Share Ownership Trust and at this time 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, Chief Financial
Officer
WH Ireland Limited Tel: 020 7220 1666
Chris Hardie
Fraser Marshall
IFC Advisory Limited Tel: 020 3934 6630
Tim Metcalfe
Graham Herring
Zach Cohen
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO.
596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018 ("UK MAR").
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 123,359 (2022-23)
Nil 126,443 (2022-24)
-------------------
------------------------------------------------------------ -------------------------------------
d) Aggregated information
* Aggregated volume 249,802
Nil
* Price
------------------------------------------------------------ -------------------------------------
e) Date of the transaction 27 July 2022
------------------------------------------------------------ -------------------------------------
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 Chief Financial 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 92,519 (2022-23)
Nil 94,832 (2022-24)
------------------
------------------------------------------------------------ -------------------------------------
d) Aggregated information
* Aggregated volume 187,351
Nil
* Price
------------------------------------------------------------ -------------------------------------
e) Date of the transaction 27 July 2022
------------------------------------------------------------ -------------------------------------
f) Place of the transaction Off Market
------------------------------------------------------------ -------------------------------------
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END
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