REG - MJ Gleeson Plc - Performance Share Plan award to Directors/PDMRs

MJ GLEESONAnnouncement

22/03/2021 08:35

RNS Number : 0115T
  
MJ Gleeson PLC
  
22 March 2021
  
 

22 March 2021
MJ Gleeson plc 
(GLE.L)
 
Performance Share Plan award to Directors/PDMRs
On 24 September 2020, the Company granted share options (the "Awards") to James Thomson and Stefan Allanson, Chief Executive Officer and Chief Financial Officer, respectively, under the Company's Long Term Incentive Plan. As outlined in the Company's 2020 Annual Report, the EPS and relative TSR performance targets attached to the Awards would be set by the Remuneration Committee within six months. 
The Remuneration Committee has now determined the performance targets, and they are as follows:
 




 
 


Weighting 


Threshold
(20%) of award vests


Maximum (100%) of award vests [i]




EPS for the year ending 30 June 2023


50%


70.0p


82.5p




Relative TSR[ii] over the three year period ending 30 June 2023


50%


Median


Upper Quartile




 
 

 


[i] Straight-line vesting between threshold and maximum performance. No vesting for below threshold performance.


[ii] To be compared against a group of leading listed housebuilders 
 
 
Enquiries:




Leanne Johnson
Head of Legal and Company Secretary
MJ Gleeson plc 
 


 
 
Tel: 01142 612 900




LEI: 21380064K7N2W7FD6434
 


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