Long Term Incentive Plan

RNS Number : 6634J
Billington Holdings PLC
23 December 2020
 

Billington Holdings Plc

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

 

Long Term Incentive Plan

 

The Company confirms today that its Remuneration Committee (the "Committee") has agreed the following awards under the Long Term Incentive Plan (the "Plan" or "LTIP").

 

Due to the current uncertainties that have arisen as a result of the global Coronavirus pandemic and more specifically the outcome for the current financial year, the specific financial performance criteria related to these awards will be determined by the Remuneration Committee during 2021.

 

The following awards of ordinary shares have been made in this round of the Plan:

 

Name

Position

Ordinary share options granted under the Plan - 2021

Other Ordinary Share Options

[ + 2020]

Total direct shareholding in BILN

Total shares awarded under Deferred Bonus Plan

Total number of options held

Total Potential % Shareholding including options

Mark Smith

Chief Executive Officer

69,153

80,591

13,749

18,160

 149,744

1.404%

Trevor Michael Taylor

Chief Financial Officer

51,864

60,885

14,749

13,620

 112,749

1.091%

 

These shares will be satisfied from the Billington Holdings Plc Employee Share Ownership Trust and it is not anticipated any new shares will be issued to satisfy the award of shares under the Plan.

 

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details.

 

For further information please contact:

 

Billington Holdings Plc  Tel: 01226 340 666

Mark Smith, Chief Executive Officer

Trevor Taylor, Chief Financial Officer

 

WH Ireland Limited  Tel: 020 7220 1666

Chris Hardie

James Sinclair-Ford

Jasper Berry

IFC Advisory Limited  Tel: 020 3934 6630

Tim Metcalfe 

Graham Herring 

Zach Cohen 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Smith

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Billington Holdings Plc

b)

LEI

213800MUHLXWQQ6MEN67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

GB0000332667

b)

Nature of the transaction

Award under Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

69,153

d)

Aggregated information

Aggregated volume

Price

 

69,153

Nil

e)

Date of the transaction

23 December 2020

f)

Place of the transaction

Off Market

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Trevor Michael Taylor

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Billington Holdings Plc

b)

LEI

213800MUHLXWQQ6MEN67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of 10p each

 

 

GB0000332667

b)

Nature of the transaction

Award under Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

51,864

d)

Aggregated information

Aggregated volume

Price

 

51,864

Nil

e)

Date of the transaction

23 December 2020

f)

Place of the transaction

Off Market

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFESSUDESSEEE
UK 100

Latest directors dealings