REG-Travis Perkins Travis Perkins: Directorate change

Travis PerkinsAnnouncement

13/11/2023 11:15

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   Travis Perkins (TPK)
   Travis Perkins: Directorate change

   13-Nov-2023 / 11:14 GMT/BST

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   Directorate Change

    

   13 November 2023

    

   Further to its announcement of 11 July 2023 Travis Perkins plc (the
   “Company”) announces that it has agreed with Alan Williams that he will
   retire from his role as Chief Financial Officer (“CFO”) on 9 January 2024
   and he will step down from the Company’s board of Directors (“Board”) at
   the conclusion of the Board’s meeting on 23 January 2024.  To enable a
   smooth transition to his successor Alan will remain employed with the
   Company until 31 January 2024.

    

   The Company further announces that Duncan Cooper will join the Company on
   9 January 2024 as CFO and will be appointed as an Executive Director of
   the Company on that day.

    

   Enquiries:

   Robin Miller

   General Counsel & Company Secretary

   +44 (0)7515 197975

   robin.miller@travisperkins.co.uk

    

   Notes:

   1. Full details of all payments made to and receivable by Alan Williams in
   respect of his services as a Director of the Company will be disclosed in
   the Director’s Remuneration Report within the Company’s Annual Report and
   Accounts for the year ending 31 December 2023, and subsequent years if
   appropriate.  To note the following:

    

     • Alan Williams’ remuneration will be treated in accordance with the
       Company’s approved Remuneration Policy (“Policy”) under which he is
       treated as a good leaver as he is retiring.  He will remain eligible
       for salary and benefits until he retires from the Company on 31
       January 2024.
     • As a good leaver under the Policy Alan is eligible for a bonus in
       respect of the full 2023 performance year and a pro-rata bonus for the
       2024 performance year to the date of his retirement on 31 January
       2024, if any is paid.  50% of any bonus awarded will be paid in cash
       and 50% delivered in deferred shares under the Deferred Share Bonus
       Plan (“DSBP”), which, if applicable, will be granted in accordance
       with the rules of the DSBP in 2024 and 2025 (for the 2023 and 2024
       performance periods, respectively).
     • As a good leaver Alan’s unvested Restricted Share Plan awards will
       vest on their normal vesting dates, be subject to time pro-ration and
       will remain subject to applicable holding periods.  Alan’s existing
       Deferred Share Bonus Plan award will vest in full on its normal
       vesting date and will remain subject to the applicable holding
       period.  All other long term incentive plan awards have vested but
       are, and will remain, subject to their applicable holding periods.
     • Alan will not receive any payments or compensation for loss of office.
     • Alan will continue to meet the shareholding requirement policy for a
       period of two years after ceasing to be a Director of the Company on
       23 January 2024.

    

   2. All information required to be disclosed in respect of the appointment
   of Duncan Cooper under Listing Rule 9.6.13 was disclosed in the Company’s
   announcement of 11 July 2023.

                                   -- Ends --

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BK9RKT01
   Category Code:  BOA
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   284268
   EQS News ID:    1771303


    
   End of Announcement EQS News Service

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