Management Incentive Plan Award

RNS Number : 5942H

Victoria PLC

08 June 2017

 

8 June 2017

Victoria PLC

('Victoria' or the 'Company')

Management Incentive Plan Award

Further to the Company's announcement on 3 May 2016, Michael Scott, Chief Financial Officer has been awarded 5,350 C ordinary shares (the "C Shares"), in connection with the long term management incentive plan that the Company established in 2016 (the "Plan").

The C shares are in an intermediate holding company and between 1 July 2019 and 30 June 2020 Mr Scott will be able to exchange the C Shares into ordinary shares in Victoria PLC ("Ordinary Shares") of equivalent value.  The monetary value of the award represents approximately 0.61% of the growth in value of the Ordinary Shares above a share price of £6.75.  The Plan is subject to good leaver and bad leaver provisions and is closely aligned with the interests of the Company's shareholders.

For more information contact:

Victoria PLC                                                                                [phone]

Geoff Wilding, Chairman

Michael Scott, Group Finance Director

Cantor Fitzgerald Europe                                                         [phone]

(Nominated Adviser & Broker)

Rick Thompson, Phil Davies, Michael Reynolds (Corporate Finance)

Mark Westcott, Caspar Shand-Kydd (Sales)

finnCap                                                                                        [phone]

(Joint Broker)

Matt Goode, Carl Holmes (Corporate Finance)

Tim Redfern (Corporate Broking)

Buchanan Communications                                                      [phone]

Charles Ryland, Victoria Hayns

 

END

 

 

MSCSSSFIAFWSELM