For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240307:nRSG0565Ga&default-theme=true
RNS Number : 0565G THG PLC 07 March 2024
7 March 2024
THG PLC
("THG" or the "Company")
Grant of Share Options
The Company announces that on 7 March 2024 it made awards of nil cost options
over ordinary voting shares of £0.005 each in the Company ("Awards" and
"Shares") to certain directors and persons discharging managerial
responsibility ("PDMRs") of the Company, under the rules of the THG PLC 2022
Long Term Incentive Plan (the "Plan").
The Awards have been granted over the number of Shares shown below. The Awards
will vest on the third anniversary of the date of grant, subject to the rules
of the Plan and the achievement of stretching performance targets as
summarised below.
The details of the Awards are as follows:
PDMR Title Number of Shares subject to Award
Damian Sanders Chief Financial Officer 1,939,788
John Gallemore Chief Operating Officer 1,745,810
A summary of the performance targets is below:
Measure Target details
Relative TSR vs FTSE 250 Index (80% weighting) Threshold (25% vesting): median
Maximum (100% vesting): upper quartile
Straight-line vesting between these points
Achievement of our ESG strategy (20% weighting) By end of 2026, THG operational sites to achieve Zero Waste TRUE Gold
Certification
In addition, the Company shortly intends to make an application for
30,629,135 Shares to be admitted to trading on the London Stock Exchange and
to be admitted to the Financial Conduct Authority's Official List. These
Shares will be issued to VG Corporate Trustee Limited, acting as trustee of
the THG Employee Benefit Trust. Consistent with the Company's strong track
record of incentivising employees, and in order to continue to attract and
retain world-class talent, these Shares will be used to make awards to certain
key employees below Executive level, which will be subject to the achievement
of various targets. Subject to the satisfaction of such targets, a third of
these Shares are expected to vest on each of 31 December 2024, 2025 and
2026. A separate announcement will follow in due course once such
application has been made.
The Company makes the below announcement and notification in accordance with
the requirements of the UK Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Damian Sanders
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 THG PLC
b) LEI 21380066N3SV9O8IDP37
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 Ordinary shares of £0.005 each
Identification code
ISIN Code: GB00BMTV7393
b) Nature of the transaction Grant of a nil-cost option under the THG PLC 2022 Long Term Incentive Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 1,939,788
d) Aggregated information N/A - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 7 March 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single transaction
e)
Date of the transaction
7 March 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Gallemore
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name THG PLC
b) LEI 21380066N3SV9O8IDP37
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 Ordinary shares of £0.005 each
Identification code
ISIN Code: GB00BMTV7393
b) Nature of the transaction Grant of a nil-cost option under the THG PLC 2022 Long Term Incentive Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 1,745,810
d) Aggregated information N/A - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 7 March 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A - Single transaction
e)
Date of the transaction
7 March 2024
f)
Place of the transaction
Outside a trading venue
Enquiries to:
James Pochin, General Counsel and Company Secretary
THG PLC
James.Pochin@thehutgroup.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHEAKDXEFDLEFA