Eco Animal Health Group PLC Clarification of new long term incentive plan (3621Q)
February 25 2021 - 5:15AM
UK Regulatory
TIDMEAH
RNS Number : 3621Q
Eco Animal Health Group PLC
25 February 2021
25 February 2021
ECO Animal Health Group plc
("ECO", "the Company" or the "Group")
(AIM: EAH)
CLARIFICATION OF NEW LONG TERM INCENTIVE PLAN
ECO Animal Health Group plc announces a clarification in respect
of the new Long Term Incentive Plan ("LTIP") to be proposed at the
upcoming General Meeting of the company on 4 March 2021.
Following consultation with a sample of shareholders, the LTIP
scheme rules were drawn up by independent respected remuneration
consultants and are designed to be compliant with best practice for
AIM quoted companies. The LTIP scheme rules include standard
wording present in all such best-in-class schemes which provide the
ECO Remuneration Committee with discretion to amend the vesting in
the event of an anomalous outcome.
In response to questions received from shareholders and
publication of ISS Proxy Analysis & Benchmark Policy Voting
Recommendations report, the Independent Remuneration Committee of
the Company confirms that all awards under the LTIP will have
performance conditions attached.
Contacts:
ECO Animal Health Group plc
Marc Loomes (CEO)
Christopher Wilks (CFO) 020 8447 8899
IFC Advisory
Graham Herring
Zach Cohen 020 3934 6630
N+1 Singer (Nominated Adviser & Joint
Broker)
Mark Taylor
Peter Steel
Iqra Amin 020 7496 3000
Peel Hunt LLP (Joint Broker)
James Steel
Dr Christopher Golden 020 7418 8900
ECO Animal Health Group plc ("ECO" or "the "GROUP") researches,
develops and commercialises products for livestock. Our business
strategy is to generate shareholder value by achieving the maximum
sales potential from the existing product portfolio whilst
investing in Research and Development ("R&D") for new products,
particularly vaccines, and seeking to in-license new products.
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END
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