Performance Share Plan award to Directors/PDMRs

RNS Number : 0115T

MJ Gleeson PLC

22 March 2021

 

22 March 2021

MJ Gleeson plc

(GLE.L)

Performance Share Plan award to Directors/PDMRs

On 24 September 2020, the Company granted share options (the "Awards") to James Thomson and Stefan Allanson, Chief Executive Officer and Chief Financial Officer, respectively, under the Company's Long Term Incentive Plan. As outlined in the Company's 2020 Annual Report, t he EPS and relative TSR performance targets attached to the Awards would be set by the Remuneration Committee within six months.

The Remuneration Committee has now determined the performance targets, and they are as follows:

	Weighting	Threshold (20%) of award vests	Maximum (100%) of award vests[i]
EPS for the year ending 30 June 2023	50%	70.0p	82.5p
Relative TSR[ii] over the three year period ending 30 June 2023	50%	Median	Upper Quartile

 

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[i] Straight-line vesting between threshold and maximum performance. No vesting for below threshold performance.

[ii] To be compared against a group of leading listed housebuilders

Enquiries:

Leanne Johnson Head of Legal and Company Secretary MJ Gleeson plc

Tel: [phone]

LEI: 21380064K7N2W7FD6434

 

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