Long-Term Incentive Plan

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
Will Self	Chief Executive Officer	500,000
Dan Cowland	Chief Financial Officer	500,000
Jane Ridgley	Chief Operating 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	[phone]
Dan Cowland - Chief Financial Officer
Peel Hunt LLP (Nominated Adviser & Joint Broker)	[phone]
James Britton
Rishi Shah
Nplus1 Singer Capital Markets Limited (Joint Broker)	[phone]
Mark Taylor
Rachel Hayes
Camarco (Financial PR)	[phone]
Ed Gascoigne-Pees
Georgia Edmonds
Jake Thomas

 

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