REG - Billington Holdings - Long Term Incentive Plan

Billington HoldingsAnnouncement

01/08/2022 07:16

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RNS Number : 3473U  Billington Holdings PLC  01 August 2022

1 August 2022

 

Billington Holdings Plc

("the Company" or "Billington")

Long Term Incentive Plan

The Company confirms that its Remuneration Committee (the "Committee") has
agreed the following awards under the Long Term Incentive Plan (the "Plan" or
"LTIP").

 

The objective of the Plan is to ensure that the strategic objectives of the
company align with those of the senior management and that the structure of
the overall remuneration package assists in maximising shareholder value.

 

The performance criteria for these awards of shares specifically relates to
the improvement in the trading performance and profitability of the Company.
The full award of shares will only be made should profitability achieve
specified targets by the end of the performance period of the award.

 

The performance criteria for the 2022-2023 plan relate to a profit before tax
(PBT) range of £4.5 million (25% vests) to £6.5 million (100% vests).  The
performance criteria for the 2022-2024 plan relate to a profit before tax
(PBT) range of £5.5 million (25% vests) to £7.5 million (100% vests).

 

The following awards of ordinary shares have been made in this round of the
Plan:

 

 Name                   Position                 Ordinary share options granted under the Plan - 2022-2023  Ordinary share options granted under the Plan - 2022-  Total Ordinary share options granted under the Plan  Total shares awarded under Deferred Bonus Plan  Total number of shares options currently held  Total direct shareholding in BILN  Total Potential % Shareholding including options

                                                                                                            2024
 Mark Smith             Chief Executive Officer  123,359                                                    126,443                                                318,955                                              18,160                                           337,115                                       19,554                             2.758%
 Trevor Michael Taylor  Chief Financial Officer  92,519                                                     94,832                                                 239,215                                              13,620                                          252,835                                        19,323                             2.014%

 

These shares will be satisfied from the Billington Holdings Plc Employee Share
Ownership Trust and at this time it is not anticipated any new shares will be
issued to satisfy the award of shares under the Plan.

 

The following notifications, made in accordance with the requirements of the
EU Market Abuse Regulation, gives further details.

 

 

For further information please contact:

 

 Billington Holdings Plc                 Tel: 01226 340 666
 Mark Smith, Chief Executive
 Trevor Taylor, Chief Financial Officer

 WH Ireland Limited                      Tel: 020 7220 1666
 Chris Hardie

 Fraser Marshall

 IFC Advisory Limited                    Tel: 020 3934 6630
 Tim Metcalfe

 Graham Herring
 Zach Cohen

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF
UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Mark Smith
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Billington Holdings Plc
 b)  LEI                                                          213800MUHLXWQQ6MEN67
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument

                                                                  Ordinary Shares of 10p each

     Identification code

                                                                  GB0000332667
 b)  Nature of the transaction                                    Award under Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)                                                                                   Volume(s)
                                                                  Nil                                                                                        123,359 (2022-23)

                                                                  Nil                                                                                        126,443 (2022-24)

 d)  Aggregated information

     -     Aggregated volume                                      249,802

     -     Price                                                  Nil
 e)  Date of the transaction                                      27 July 2022
 f)  Place of the transaction                                     Off Market

d)

Aggregated information

-     Aggregated volume

-     Price

 

249,802

Nil

e)

Date of the transaction

27 July 2022

f)

Place of the transaction

Off Market

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Trevor Michael Taylor
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Billington Holdings Plc
 b)  LEI                                                          213800MUHLXWQQ6MEN67
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument

                                                                  Ordinary Shares of 10p each

     Identification code

                                                                  GB0000332667
 b)  Nature of the transaction                                    Award under Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       92,519 (2022-23)

                                                                  Nil       94,832 (2022-24)
 d)  Aggregated information

     -     Aggregated volume                                      187,351

     -     Price                                                  Nil
 e)  Date of the transaction                                      27 July 2022
 f)  Place of the transaction                                     Off Market

d)

Aggregated information

-     Aggregated volume

-     Price

 

187,351

Nil

e)

Date of the transaction

27 July 2022

f)

Place of the transaction

Off Market

 

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