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C&C Group Plc (CCR)

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Wednesday 28 July, 2021

C&C Group Plc

LTIP Performance Conditions

RNS Number : 7705G
C&C Group Plc
28 July 2021

C&C Group plc



2021 Long Term Incentive Plan ('LTIP') Awards - Performance Conditions


As announced on 15 June 2021, the Company's Executive Directors were granted awards under the LTIP, in the form of nil cost options over €0.01 ordinary shares in the Company.


The details of the performance metrics for the awards have now been finalised and are set out below.


Performance conditions





Further detail

Earnings per share


Threshold - 22p

Maximum - 27p


By the end of year 3 target range (end of FY24) rather than as a cumulative target.


Free cash flow conversion



Threshold - 65%


Maximum - 75%


By the end of year 3 target range (end of FY24) rather than as a cumulative target.


Environmental Target


To give impetus to C&C's de-carbonisation efforts, the Company has set a target to reduce its Scope 1 emissions and Scope 2 emissions* over the three financial years ending with FY24 as follows:


Threshold - 6% reduction


Maximum - 12% reduction


* Definitions

Scope 1: direct emissions from owned or controlled sources, which includes emissions from company-owned or operated facilities and vehicles.

Scope 2: indirect emissions from the generation of purchased energy e.g. electricity, steam, heat and cooling.



In each case, threshold vesting will be 25% of the maximum.



Mark Chilton

Company Secretary and Group General Counsel

28 July 2021





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