Terrace Hill Group PLC ("Terrace Hill" or the "Company")
Amendments to the Terrace Hill Group PLC Performance Share Plan
Terrace Hill Group PLC (AIM:THG) announces changes to the Terrace Hill Group PLC Performance Share Plan ('PSP') based on advice received from the Company's remuneration adviser. In respect of any existing or future awards that vest under the PSP, the Company will issue nil-cost options instead of ordinary shares. Any nil-cost options issued under the PSP will be exercisable by the option holder for a period of up to 7 years following vesting of the award.
All vesting conditions applicable to awards under the PSP will remain and there will be a continued requirement for participants of the PSP to pay the par value on issue of any ordinary shares.
The Company has a total of 16,463,770 Awards outstanding under the Performance Share Plan, representing 7.77 % of the issued ordinary share capital of the Company.
For further information please contact:
Jon Austen Tel: 020 7631 1666
Miranda Kelly Terrace Hill Group PLC
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Tel: 0141 332 2014 |
Mark Young Tom Durie Oriel Securities Limited (Nominated Adviser and Broker) |
Tel: 020 7710 7600 |