£82m Share Scheme Vests for 146 Employees

RNS Number : 9364V

GlobalData PLC

15 August 2022

 

RNS REACH

15 August 2022

GlobalData Plc

(AIM: DATA, GlobalData, the Group)

£82m Share Scheme Vests for 146 Employees

GlobalData Plc, the leading provider of industry intelligence, is pleased to announce that as part of a goal to align employees to the long-term success of GlobalData, 146 long-term employees have benefited from the Group's share option scheme, with share awards representing a total sum of £82m vested in August 2022.

The Group created a share option scheme ("Scheme 1") in 2010, granted the first options on 1 January 2011, with the scheme remaining open to new entrants until 31 December 2020. The scheme was subject to a £52m Adjusted EBITDA performance target, which was met last year.

When options were first granted under Scheme 1, the Group had reported revenues of £54m and Adjusted EBITDA of £7m. Since then, growth over the period 2011-2021 represents a revenue CAGR of 13% and an Adjusted EBITDA CAGR of 23%.

Subsequent employee share option schemes created in 2019 and 2021 remain open to Global Data employees and are scheduled to vest between February 2025 and February 2027. The CEO did not participate in Scheme 1 or the 2019, 2020 schemes.

Mike Danson, Chief Executive Officer of GlobalData Plc, commented:

"I am delighted that so many colleagues who have been with GlobalData over the past decade have been rewarded for their part in the Company's success story. It demonstrates an alignment of goals between our people and the long-term interests of the Group. Our people, our customers, our environment and our communities remain the beating heart of GlobalData. Combined, they represent the guiding focus for sustainable growth.

I set out to create a great company with great people. Those rewarded in our employee share scheme are in roles across our organisation, from client facing roles in account management and product development, to organisational support roles in business administration and facilities management. All are fantastic talents and people I am thrilled to work alongside day-to-day. Alongside our recently launched professional development programmes including mentoring and funded learning and development, this is a timely moment to recognise the many people that contribute to GlobalData's long-term success."

ENQUIRIES

GlobalData Plc
Mike Danson, Chief Executive Officer	0207 936 6400
Graham Lilley, Chief Financial Officer
J.P. Morgan Cazenove (Nomad and Joint Broker)	0207 742 4000
Bill Hutchings
Mose Adigun
Panmure Gordon (Joint Broker)	0207 886 2500
Erik Anderson
Alina Vaskina
Numis Securities (Joint Broker) Nick Westlake Iqra Amin	0207 260 1000
FTI Consulting (Financial PR)	0203 727 1000
Edward Bridges
Rob Mindell
Dwight Burden

 

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