Curtis Banks Group PLC Long-Term Incentive Plan (8193Y)
14 September 2020 - 4:00PM
UK Regulatory
TIDMCBP
RNS Number : 8193Y
Curtis Banks Group PLC
14 September 2020
14 September 2020
Curtis Banks Group plc
("Curtis Banks", the "Group")
Long-Term Incentive Plan
Curtis Banks Group Plc (AIM:CBP), one of the UK's largest
independent SIPP operators, announces that it has today granted
options over ordinary shares in the Company to its Chief Executive
Officer, Chief Financial Officer and Chief Operating Officer under
a new Long-Term Incentive Plan ('LTIP'). These initial awards
recognise each of their roles in developing and implementing the
Group's strategic plans and are designed to incentivise them
appropriately.
The initial grant is for a total of 1,500,000 share options
under the LTIP:
Name Position Number of share subject
to awards
Chief Executive
Will Self Officer 500,000
Chief Financial
Dan Cowland Officer 500,000
Chief Operating
Jane Ridgley Officer 500,000
Vesting of the awards will be subject to the satisfaction a
combination of the following performance criteria measured over a 3
year period: Financial, Customer, Internal Process and
Innovation.
50% of the options will vest, to the extent that the performance
criteria have been satisfied, once the interim results for the six
months ended 30(th) June 2023 have been approved (the period end
date being the end of the three year measurement period).
The remaining 50% of the options will vest 12 months later once
the interim results for the six months ended 30(th) June 2024 have
been approved.
The options have a 217p strike price.
For more information:
Curtis Banks Group plc www.curtisbanks.co.uk
Will Self - Chief Executive Officer +44 (0) 117 9107910
Dan Cowland - Chief Financial Officer
Peel Hunt LLP (Nominated Adviser &
Joint Broker) +44 (0) 20 7418 8900
James Britton
Rishi Shah
Nplus1 Singer Capital Markets Limited
(Joint Broker) +44 (0) 20 7496 3000
Mark Taylor
Rachel Hayes
Camarco (Financial PR) +44 (0) 20 3757 4984
Ed Gascoigne-Pees
Georgia Edmonds
Jake Thomas
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END
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