THG PLC Grant of Share Options
02 August 2024 - 12:48AM
RNS Regulatory News
RNS Number : 8691Y
THG PLC
01 August 2024
1 August 2024
THG PLC
("THG" or the
"Company")
Grant of Share
Options
The 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").
The 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.
The details of the Awards are as
follows:
|
PDMR
|
Title
|
Number of Shares subject to
Award
|
|
Damian Sanders
|
Chief Financial Officer
|
1,923,077
|
|
John Gallemore
|
Chief Operating Officer
|
1,923,077
|
A summary of the performance targets
is below:
|
Measure
|
Target
details
|
|
Relative TSR vs FTSE 250 Index (80%
weighting)
|
Threshold (25% vesting):
median
Maximum (100% vesting): upper
quartile
Straight-line vesting between these
points
|
|
Achievement of our ESG strategy in
the form of supplier alignment with the Company's SBTi approved
targets (20% weighting)
|
Threshold (25% vesting): 60% of
suppliers by spend
Maximum (100% vesting): 63% of
suppliers by spend
Straight-line vesting between these
points
|
The Company makes the below
announcements and notifications in accordance with the requirements
of the UK Market Abuse Regulation.
Notifications 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
|
Damian Sanders
|
|
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
|
THG PLC
|
|
b)
|
LEI
|
21380066N3SV9O8IDP37
|
|
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
Identification code
|
Ordinary shares of £0.005
each
ISIN Code: GB00BMTV7393
|
|
b)
|
Nature of the transaction
|
Grant of a nil-cost option under the
THG PLC 2022 Long Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
1,923,077
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single
transaction
|
|
e)
|
Date of the transaction
|
1 August 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
John Gallemore
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Operating Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
THG PLC
|
|
b)
|
LEI
|
21380066N3SV9O8IDP37
|
|
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
Identification code
|
Ordinary shares of £0.005
each
ISIN Code: GB00BMTV7393
|
|
b)
|
Nature of the transaction
|
Grant of a nil-cost option under the
THG PLC 2022 Long Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
nil
|
1,923,077
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - Single
transaction
|
|
e)
|
Date of the transaction
|
1 August 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Enquiries to:
James Pochin, General Counsel and
Company Secretary
THG PLC
James.Pochin@thehutgroup.com
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