Notice of AGM

RNS Number : 4264Q

Anite PLC

29 August 2014

 



29 August 2014

Anite plc

Notice of AGM

Anite plc ("Anite" or "the Group"), the leading provider of software solutions to the international wireless market, today announces an update to its Notice of Annual General Meeting 2014 ("Notice").

The Notice sent to shareholders on 5 August 2014 contained details of the Group's proposed new Long-Term Incentive Plan ("LTIP") (Resolution 15). Following further dialogue and feedback from Anite's major institutional shareholders, the Remuneration Committee has strengthened the adjusted basic earnings per share ("EPS") targets which govern the vesting of 50% of the LTIP as follows:

Performance target	Vesting (% of the EPS element)	As per Notice of AGM	Revised proposal
Threshold	25%	7.1p	8.0p
Maximum	100%	9.2p	9.5p

Total Shareholder Return ("TSR") comparator group

Page 12 of the Notice of Meeting states that the vesting of the other 50% of the LTIP award will be subject to relative TSR of a group of companies drawn from the FTSE techMARK index.

Subject to shareholder approval of the LTIP, the Committee has determined that for the first award that this group will comprise of those companies at the date of grant which are listed under the Technology Hardware & Equipment and Software & Computer Services sectors in the FTSE techMARK index.

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Anite plc	01252 775200
Patrick De Smedt (Chairman of Remuneration Committee)	www.anite.com
MHP Communications	020 3128 8100
Reg Hoare/Giles Robinson

 

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