REG - Frasers Group PLC - Executive Share Scheme and CEO salary

FrasersAnnouncement

26/09/2022 16:15

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RNS Number : 5335A  Frasers Group PLC  26 September 2022

Executive Share Scheme and CEO Salary

As per the Frasers Group PLC Notice of Annual General Meeting  published
today, the resolutions to the Annual General Meeting include changes to be
made to the Executive Share Scheme whereby all awards to executives in the
Scheme (Michael Murray, Chris Wootton, David Almudallal and Sean Nevitt) have
been amended. Such awards will now need both to:

·    Meet a hurdle share price of £15 for 30 consecutive dealing days
during the vesting period (Chris Wootton, David Almudallal and Sean Nevitt
previously £12 per share); and

·    Be conditional on the Group achieving an adjusted profit before tax
of at least £500m in the audited Annual Report and Accounts during the
vesting period.

Furthermore, in line with the focus on achieving the above targets, and to
align with shareholders' interests, Michael Murray has decided to waive his
£1m base salary for the financial year to 30 April 2023.

 

Frasers Group plc

Robert Palmer, Company
Secretary
T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34
E. investor.relations@frasers.group

 

Chris Wootton, Chief Financial
 
T. 0344 245 9200

Officer
E. financial@frasers.group

 

Ronnie Laffar, Head of PR &
 
T. 0344 245 9399

Communications
 
E. fgpr@frasers.group

 

Rosie Oddy, Brunswick
Group,
T. 020 7404 5959

PR
Advisors
E.frasersgroup@brunswickgroup.com (mailto:frasersgroup@brunswickgroup.com)

 

Numis

 

Luke
Bordewich
T. 020 7260 1000

Ollie Steele

Duncan Wilson

 

Liberum

John
Fishley
         T. 020 3100 2000

Kane Collins

Nikhil Varghese

 

 

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