AssetCo PLC Granting of allocations under the LTIP (2631N)
September 29 2021 - 1:00AM
UK Regulatory
TIDMASTO
RNS Number : 2631N
AssetCo PLC
29 September 2021
29 September 2021
AssetCo plc
("AssetCo" or the "Company")
Granting of allocations under the Company's Annual Bonus and
Long-Term Incentive Plan ("LTIP")
AssetCo announces that on 28 September 2021 the following
directors and persons discharging managerial responsibilities
("PDMRs") were granted an allocation for the current financial year
ending 30 September 2021 under the terms of the LTIP. Importantly,
any awards paid in respect of the current financial year will be
satisfied in full by the issue of new shares in the Company, rather
than one third being satisfied in cash and two thirds in new
shares. The Board believes this, and the Remuneration Committee's
ongoing review of the quantum, terms and form of the LTIP for
future years, will align further the interests of senior management
with shareholders.
PDMR Position Percentage allocation
of total awards
Martin Gilbert Chairman 30.0%
-------------------------- ----------------------
Deputy Chairman and
Peter McKellar Chief Executive Officer 25.0%
-------------------------- ----------------------
Further to the announcement on 15 September 2021, that Campbell
Fleming will be appointed Chief Executive Officer of the Company
with effect from 2 October 2021, the Company announces that
Campbell Fleming has been allocated 12.0% of the total awards
allocated for the current financial year.
In addition the Board confirms that, in line with the terms of
the LTIP, the final awards for the current financial year will be
calculated and approved by the Remuneration Committee in late
November/early December 2021 at which point a further announcement
will be made.
Enquiries:
AssetCo plc
Peter McKellar, Deputy Chairman and CEO
James Thorneley, Head of Communications
Tel: +44 (0) 7958 005 141
Arden Partners plc
Nominated adviser and broker
John Llewellyn-Lloyd / Louisa Waddell / Akhil Shah
Tel: +44 (0) 20 7614 5900
Maitland
Neil Bennett
Rachel Cohen
Tel: +44 (207) 379 5151
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END
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