Awards under the Long Term Incentive Plan
23 September 2021
GLENVEAGH PROPERTIES PLC
AWARDS UNDER THE GLENVEAGH PROPERTIES PLC LONG TERM INCENTIVE PLAN
On 1 April 2021, awards were granted under the Glenveagh Properties plc Long Term Incentive Plan ("LTIP").
The 2021 LTIP awards are subject to TSR for 50% of the award and earnings per share (EPS) targets for the other 50%. The TSR target range was set out in our 2020 Remuneration Report, however given the volatility and lack of visibility to longer term performance due to COVID-19, the Remuneration Committee deferred finalising the EPS target range until no later than six months following the grant of the 2021 awards.
The Company now announces the following EPS targets that will apply to the 2021 LTIP awards, to be achieved in FY2023:
|
Metric |
Weighting |
Threshold Target (25%) |
Maximum Target (100%) |
|
EPS |
50% |
€0.095 |
€0.125 |
For further information, please contact:
Glenveagh Properties plc
Chloe McCarthy
Company Secretary
Tel: +353 (1) 903 7100
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