Clarification of new long term incentive plan

RNS Number : 3621Q

Eco Animal Health Group PLC

25 February 2021

 

25 February 2021

ECO Animal Health Group plc

("ECO", "the Company" or the "Group")

(AIM: EAH)

CLARIFICATION OF NEW LONG TERM INCENTIVE PLAN

ECO Animal Health Group plc announces a clarification in respect of the new Long Term Incentive Plan ("LTIP") to be proposed at the upcoming General Meeting of the company on 4 March 2021.

Following consultation with a sample of shareholders, the LTIP scheme rules were drawn up by independent respected remuneration consultants and are designed to be compliant with best practice for AIM quoted companies.  The LTIP scheme rules include standard wording present in all such best-in-class schemes which provide the ECO Remuneration Committee with discretion to amend the vesting in the event of an anomalous outcome. 

In response to questions received from shareholders and publication of ISS Proxy Analysis & Benchmark Policy Voting Recommendations report, the Independent Remuneration Committee of the Company confirms that all awards under the LTIP will have performance conditions attached. 

Contacts:  

ECO Animal Health Group plc Marc Loomes (CEO) Christopher Wilks (CFO)	020 8447 8899
IFC Advisory Graham Herring Zach Cohen	020 3934 6630
N+1 Singer (Nominated Adviser & Joint Broker) Mark Taylor Peter Steel Iqra Amin	020 7496 3000
Peel Hunt LLP (Joint Broker) James Steel Dr Christopher Golden	020 7418 8900

ECO Animal Health Group plc ("ECO" or "the "GROUP") researches, develops and commercialises products for livestock. Our business strategy is to generate shareholder value by achieving the maximum sales potential from the existing product portfolio whilst investing in Research and Development ("R&D") for new products, particularly vaccines, and seeking to in-license new products.

 

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