Performance Share Plan ("PSP") 2025

H & T

28/04/2025 07:00

RNS Number : 3940G

H&T Group PLC

28 April 2025

 

28 April 2025

 

H&T Group plc

("H&T", the "Company" or the "Group")

(AIM: HAT)

 

Performance Share Plan ("PSP") 2025

 

H&T Group plc announces the adoption of its 2025 Performance Share Plan ("PSP") which has been approved by the Remuneration Committee. Further details on the scheme, which will apply to senior management and Executive Directors of the Company, are set out below.

  

In accordance with the rules of the PSP, eligible employees will be entitled to acquire a maximum number of Ordinary Shares ('Award Shares') on or after 28 April 2028 at nil price, subject to the Company achieving the minimum reported performance criteria.

 

Summary details set out below:

2025 Grant
The grants of shares are a proportion of salary as follows:
·
Executive Directors -125% of base salary
·
Christopher Gillespie, CEO: 118,177
·
Diane Giddy, CFO: 85,773
·
Senior management - 35% to 75% of base salary
The maximum total value of the shares granted to all recipients under the 2025 PSP is expected to be in the order of £1.7m, equivalent to circa 470,052 shares.
Performance period
The performance period for the 2025 grant is 1st January 2025 to 30th September 2027 (33 months).
Vesting
The scheme is planned to vest in April 2028.
Performance conditions
The scheme is split equally (50/50) based on targets for total shareholder return (TSR) and growth in basic earnings per share (EPS) measured over the 33 month performance period.
The minimum, target and maximum thresholds, with reference to growth over2024 or the average share price over the 90 day period to the end of March 31 2025.
Measure
Minimum
Target
Maximum
TSR
30%
50%
100%
EPS growth
30%
50%
100%
For performance below the minimum no award will vest, at the minimum 30% (2024: 30%) of the award will vest, at the target 50% of the award will vest (2024: 50%), and at or above the maximum 100% (2024: 100%) of the award will vest. A sliding scale of vesting, on a straight-line basis applies between the minimum, target and maximum TSR and EPS targets.
Share retention period
Executive directors are subject to a two-year share retention period for shares awarded under the scheme.
Further conditions
Award Shares will be released on 28 April 2028 subject to continued employment and the satisfaction of certain specific performance conditions. The awards are further subject to claw back and malus provisions.

 

Enquiries:

H&T Group plc
+44(0)20 8225 2700
Chris Gillespie, Chief Executive Officer
Diane Giddy, Chief Financial Officer
Shore Capital Ltd (Nominated Adviser and Joint Broker)
+44(0)20 7408 4090
Stephane Auton / Sophie Collins (Corporate Advisory)
Guy Wiehahn (Corporate Broking)
Canaccord Genuity Limited (Joint Broker)
+44(0)20 7523 8000
Stuart Andrews / George Grainger
Alma Strategic Communications (PR)
+44(0)20 3405 0205
Sam Modlin
handt@almastrategic.com
Andy Bryant
Rebecca Sanders-Hewett
Will Merison


 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Chris Gillespie
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
H&T Group plc
b)
LEI
2138006N2X1XSBSDSU74
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
Identification code
H&T Group plc ordinary shares of 5 pence
GB00B12RQD06
b)
Nature of the transaction
Award of Options under Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
118,177
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
28 April 2025
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Diane Giddy
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
H&T Group plc
b)
LEI
2138006N2X1XSBSDSU74
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
Identification code
H&T Group plc ordinary shares of 5 pence
GB00B12RQD06
b)
Nature of the transaction
Award of Options under Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
85,773
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
28 April 2025
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)

 

 

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