REG - Imperial Brands PLC - LTIP Performance Measures and Targets

Imperial BrandsAnnouncement

27/03/2025 07:15

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RNS Number : 3858C  Imperial Brands PLC  27 March 2025

IMPERIAL BRANDS PLC

Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42

Long-Term Incentive Plan Performance measures and targets

Further to RNS # 5611X and its 2024 Annual Report and Accounts, the Company
confirms that the performance measures and targets for the FY25 Long-Term
Incentive Plan grant made on 17 February 2025 are as shown below.

                                             Weight  Cut-in  Target  Max
 Earnings per share growth (EPS)(1)          40%     3.3%    4.5%    5.5%
 Return on invested capital (ROIC)           15%     18.9%   20.9%   21.7%
 Cumulative free cash flow (CFCF £m)         15%     5,500   6,400   7,100
 Relative Total shareholder return (TSR)     20%     Median  N/A     Upper quart.
 Scope 1 & 2 carbon emissions reduction      5%      73.0%   75.0%   76.0%
 Energy consumption reduction                5%      5.0%    7.0%    8.0%

1.     EPS targets shown above exclude the benefit of the Company's share
buyback programme. This methodology aligns with the Investment Association
guidance.

2.     The targets shown should not be construed as guidance.

3.     Each element operates independently and is capable of vesting
regardless of the Company's performance in respect of the other elements.

The Remuneration Committee retains the discretion under the rules of the LTIP
to adjust up or down including to zero the number of shares that vest taking
into account a number of factors including personal or corporate performance
and circumstances that were unforeseen at the date of grant.

Chris Winters

Deputy Company Secretary

Copies of our announcements are available on our website:

www.imperialbrandsplc.com/investor-hub/stock-exchange-announcements
(http://www.imperialbrandsplc.com/investor-hub/stock-exchange-announcements)
 

 

Cautionary Statement

Certain statements in this announcement constitute or may constitute
forward-looking statements. Any statement in this announcement that is not a
statement of historical fact including, without limitation, those regarding
the Company's future expectations, operations, financial performance,
financial condition and business is or may be a forward-looking statement.
Such forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially from those projected or implied
in any forward-looking statement. These risks and uncertainties include, among
other factors, changing economic, financial, business or other market
conditions. These and other factors could adversely affect the outcome and
financial effects of the plans and events described in this announcement. As a
result, you are cautioned not to place any reliance on such forward-looking
statements. The forward-looking statements reflect knowledge and information
available at the date of this announcement and the Company undertakes no
obligation to update its view of such risks and uncertainties or to update the
forward-looking statements contained herein. Nothing in this announcement
should be construed as a profit forecast or profit estimate and no statement
in this announcement should be interpreted to mean that the future earnings
per share of the Company for current or future financial years will
necessarily match or exceed the historical or published earnings per share of
the Company. This announcement has been prepared for, and only for the members
of the Company, as a body, and no other persons. The Company, its Directors,
employees, agents or advisers do not accept or assume responsibility to any
other person to whom this announcement is shown or into whose hands it may
come, and any such responsibility or liability is expressly disclaimed.

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