Vodafone Group Plc Revised 2020 GLTI Conditional Award of Shares (0929F)
10 July 2019 - 7:59PM
UK Regulatory
TIDMVOD
RNS Number : 0929F
Vodafone Group Plc
10 July 2019
Revised 2020 GLTI Conditional Award of Shares
Vodafone Group Plc today announces that its Chief Executive,
Nick Read, and Chief Financial Officer, Margherita Della Valle have
voluntarily requested that their 2020 Global Long Term Incentive
("GLTI") conditional share awards, granted under the Global
Incentive Plan on 26 June 2019, (the "Awards") be reduced by 20%.
This was requested to reflect the low valuation of the share price
following its reduction over the year and particularly the change
in value between the date of the Remuneration Committee's decision
in respect of the value of the Awards and the date of grant.
Accordingly, the Remuneration Committee will reduce the Awards and,
following the reduction, the number of 2020 GLTI shares awarded to
Nick Read and Margherita Della Valle will be as follows:
2020 GLTI Conditional
Share Awards
--------------------------------
Nick Read - Chief Executive 3,887,636
----------------------
Margherita Della Valle - Chief
Financial Officer 2,366,387
----------------------
No changes have been made to the conditions attached to the
Awards, which are set out in the market announcement dated 27 June
2019 which can be accessed here:
https://www.vodafone.com/content/index/investors/investor_information/press_regulatory/uk_regulatory.html.
For further information:
Vodafone Group
Media Relations Investor Relations
www.vodafone.com/media/contact ir@vodafone.co.uk
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END
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