REG - FD Technologies PLC - Notification of Long-Term Incentive Award to PDMR

FD TechnologiesAnnouncement

13/12/2024 07:00

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RNS Number : 9370P  FD Technologies PLC  13 December 2024

FD Technologies plc

("FD Technologies" or the "Company")

13 December 2024

Notification of Long-Term Incentive Award to PDMR

 

FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces the grant of
restricted share units and performance share units under a Long Term Incentive
Plan (LTIP) to a Person Discharging Managerial Responsibility ("PDMR") of the
Company as follows:

 

 PDMR         Number of shares over which awards were granted on 11(th) December 2024
                                                    PSU Award

              RSU Award
 Ashok Reddy                                        43,570 Units

              14,523 Units

 

The LTIP Award has been determined by the Remuneration and Talent Committee
composed entirely of independent Non-Executive Directors and advised by
independent remuneration consultants, Farient.

 

The RSUs will vest annually on the first, second, third and fourth anniversary
of the Award.

 

The PSUs will vest based on the compound annual growth rate in the Company's
share price

                              Threshold  Target  Maximum
 % Vesting of PSUs            25%        50%     100%
  Per
 CAGR in Company share price  20%        28.75%  37.5%

 

Compound annual growth rate (CAGR) is calculated from a starting baseline of
the average GBP share price calculated over the 30 day period following the
announcement of the Company's half year results on 26 November 2024 and takes
the final point as the average GBP share price calculated over the 30 day
period following the publication of the Company's full year results for the
period ended 28 February 2027.

 

The performance metric has been selected as an appropriate measure and
reflects the Company's commitment to alignment of executive incentives with
shareholder interests. The performance targets have been designed to reflect
ambitious yet achievable growth, balancing internal expectations and external
market forecasts to drive sustained value creation for shareholders.

 

For further information, please contact:

 

 FD Technologies plc                       +44(0)28 3025 2242

 Seamus Keating, Chief Executive Officer   www.fdtechnologies.com

 Ryan Preston, Chief Financial Officer

 Derek Brown, Head of Investor Relations

 Investec Bank plc                         +44 (0)20 7597 5970

 (Nominated Adviser and Broker)

 Carlton Nelson

 Virginia Bull

 FTI Consulting                            +44 (0)20 3727 1000

 Matt Dixon

 Dwight Burden

 Victoria Caton

+44 (0)20 7597 5970

FTI Consulting

Matt Dixon

Dwight Burden

Victoria Caton

+44 (0)20 3727 1000

 

 

For further information, please visit www.fdtechnologies.com
(http://www.fdtechnologies.com) .

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