Long-Term Incentive Plan

RNS Number : 8193Y
Curtis Banks Group PLC
14 September 2020
 

14 September 2020

Curtis Banks Group plc

 ("Curtis Banks", the "Group")

Long-Term Incentive Plan

Curtis Banks Group Plc (AIM:CBP), one of the UK's largest independent SIPP operators, announces that it has today granted options over ordinary shares in the Company to its Chief Executive Officer, Chief Financial Officer and Chief Operating Officer under a new Long-Term Incentive Plan ('LTIP'). These initial awards recognise each of their roles in developing and implementing the Group's strategic plans and are designed to incentivise them appropriately.

The initial grant is for a total of 1,500,000 share options under the LTIP:

Name

Position

Number of share subject to awards

Will Self

Chief Executive Officer

500,000

Dan Cowland

Chief Financial Officer

500,000

Jane Ridgley

Chief Operating Officer

500,000

Vesting of the awards will be subject to the satisfaction a combination of the following performance criteria measured over a 3 year period: Financial, Customer, Internal Process and Innovation.

50% of the options will vest, to the extent that the performance criteria have been satisfied, once the interim results for the six months ended 30th June 2023 have been approved (the period end date being the end of the three year measurement period).

The remaining 50% of the options will vest 12 months later once the interim results for the six months ended 30th June 2024 have been approved.

The options have a 217p strike price.

For more information: 

Curtis Banks Group plc 

www.curtisbanks.co.uk

Will Self - Chief Executive Officer

+44 (0) 117 9107910

Dan Cowland - Chief Financial Officer

 

 

 

Peel Hunt LLP (Nominated Adviser & Joint Broker)

+44 (0) 20 7418 8900

James Britton

 

Rishi Shah

 

 

 

Nplus1 Singer Capital Markets Limited (Joint Broker)

+44 (0) 20 7496 3000

Mark Taylor

 

Rachel Hayes

 

 

 

Camarco (Financial PR)

+44 (0) 20 3757 4984

Ed Gascoigne-Pees

 

Georgia Edmonds

 

Jake Thomas


 

 

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