MJ Gleeson PLC Performance Share Plan award to Directors/PDMRs (0115T)
March 22 2021 - 3:34AM
UK Regulatory
TIDMGLE
RNS Number : 0115T
MJ Gleeson PLC
22 March 2021
22 March 2021
MJ Gleeson plc
(GLE.L)
Performance Share Plan award to Directors/PDMRs
On 24 September 2020, the Company granted share options (the
"Awards") to James Thomson and Stefan Allanson, Chief Executive
Officer and Chief Financial Officer, respectively, under the
Company's Long Term Incentive Plan. As outlined in the Company's
2020 Annual Report, t he EPS and relative TSR performance targets
attached to the Awards would be set by the Remuneration Committee
within six months.
The Remuneration Committee has now determined the performance
targets, and they are as follows:
Weighting Threshold Maximum (100%)
(20%) of award of award vests
vests [i]
EPS for the year
ending 30 June 2023 50% 70.0p 82.5p
========== ================ ================
Relative TSR[ii] 50% Median Upper Quartile
over the three year
period ending 30
June 2023
========== ================ ================
[i] S traight-line vesting between threshold and maximum
performance. No vesting for below threshold performance.
[ii] To be compared against a group of leading listed housebuilders
Enquiries:
Leanne Johnson
Head of Legal and Company Secretary
MJ Gleeson plc Tel: 01142 612 900
LEI: 21380064K7N2W7FD6434
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