REG - THG PLC - Grant of Share Options

THGAnnouncement

01/08/2024 16:00

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RNS Number : 8691Y  THG PLC  01 August 2024

1 August 2024

THG PLC

 

("THG" or the "Company")

 

 

Grant of Share Options

 

The Company announces that on 1 August 2024 it made awards of nil cost options
over ordinary shares 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 grant, subject to the rules of the Plan
and the achievement of stretching performance targets.

 

The details of the Awards are as follows:

 

 PDMR            Title                    Number of Shares subject to Award
 Damian Sanders  Chief Financial Officer  1,923,077
 John Gallemore  Chief Operating Officer  1,923,077

 

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 in the form of supplier alignment with the  Threshold (25% vesting): 60% of suppliers by spend
 Company's SBTi approved targets (20% weighting)

                                                                             Maximum (100% vesting): 63% of suppliers by spend

                                                                             Straight-line vesting between these points

 

The Company makes the below announcements and notifications in accordance with
the requirements of the UK Market Abuse Regulation.

 

Notifications 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         1,923,077
 d)   Aggregated information                                       N/A - Single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      1 August 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

1 August 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         1,923,077
 d)   Aggregated information                                       N/A - Single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      1 August 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

1 August 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

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