Billington Holdings PLC Awards under Company’s Long Term Incentive Plan

RNS Number : 1784N

Billington Holdings PLC

03 May 2024

Billington Holdings Plc

(the "Company" or "Billington")

Awards under the Company's Long Term Incentive Plan

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, confirms that its Remuneration Committee (the "Committee") has agreed the following awards under the Long Term Incentive Plan (the "Plan" or "LTIP").

The objective of the Plan is to ensure that the strategic objectives of the Company align with those of the senior management and that the structure of the overall remuneration package assists in maximising shareholder value.

The performance criteria for these LTIP awards over Ordinary Shares of 10p each in the Company ("Ordinary Shares") specifically relates to the profitability of the Company. The full vesting will only occur should profitability targets be achieved during the performance period of the award.

Two awards are made under the Plan, the first relates to the period 2023-2025 and the performance criteria for the 2023-2025 period relate to a cumulative statutory unadjusted Profit Before Tax (PBT) range of £25 million (25% vests) to £31 million (100% vests).

The second award relates to the period 2024 to 2026 and the performance criteria for the 2024-2026 period relate to a cumulative statutory unadjusted Profit Before Tax (PBT) range of £28 million (25% vests) to £37.2 million (100% vests).

The following awards have been made in this round of the Plan:

Name

Position

Ordinary share options granted under the Plan - 2023-2025

Ordinary share options granted under the Plan - 2024-

2026

Total Ordinary share options held under the Plan

Total shares held under Deferred Bonus Plan ("DBP")

Total ordinary shareholding in BILN (excluding those held in the DBP)

Total Potential % Shareholding including options and DBP shares

Mark Smith

Chief Executive Officer

67,470

51,852

245,765

46,115

129,187

3.26%

Trevor Taylor

Chief Financial Officer

55,422

42,593

192,847

34,586

101,548

2.54%

For further information please contact:

Billington Holdings Plc

Mark Smith, Chief Executive Officer

Trevor Taylor, Chief Financial Officer

Tel: 01226 340 666

Cavendish Capital Markets Ltd - Nomad and Broker

Ed Frisby / Charlie Beeson - Corporate Finance

Andrew Burdis - ECM

Tel: 020 7220 0500

IFC Advisory Limited

Tim Metcalfe

Graham Herring

Zach Cohen

Tel: 020 3934 6630

billington@investor-focus.co.uk

About Billington Holdings plc

Billington Holdings plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is a UK based Group of companies focused on structural steel and engineering activities throughout the UK and European markets. Group companies pride themselves on the provision of high technical and professional standards of service to niche markets with emphasis on building strong, trusted and long-standing partnerships with all of our clients. https://billington-holdings.plc.uk/

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

Details of the person discharging managerial responsibilities/person closely associated

Name

Mark Smith

Reason for the notification

Position/status

Chief Executive Officer

Initial notification/ Amendment

Initial Notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Billington Holdings Plc

LEI

213800MUHLXWQQ6MEN67

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

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 10p each

GB0000332667

Nature of the transaction

Award under Long Term Incentive Plan

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

67,470 (2023-25)

51,852 (2024-26)

Aggregated information

- Aggregated volume

- Price

119,322

Nil

Date of the transaction

1 May 2024

Place of the transaction

Off Market

Details of the person discharging managerial responsibilities/person closely associated

Name

Trevor Michael Taylor

Reason for the notification

Position/status

Chief Financial Officer

Initial notification/ Amendment

Initial Notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Billington Holdings Plc

LEI

213800MUHLXWQQ6MEN67

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

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 10p each

GB0000332667

Nature of the transaction

Award under Long Term Incentive Plan

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

55,422 (2023-25)

42,593 (2024-26)

Aggregated information

- Aggregated volume

- Price

98,015

Nil

Date of the transaction

1 May 2024

Place of the transaction

Off Market

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 or visit 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.

END

DSHGIGDULSGDGSX

Billington (LSE:BILN)
過去株価チャート
から 10 2024 まで 11 2024