Gooch & Housego PLC New Long Term Incentive Plan and grant of Awards (9587B)

TIDMGHH

RNS Number : 9587B

Gooch & Housego PLC

10 April 2013

 
 For immediate release   10 April 2013

Gooch & Housego PLC

(The "Company")

New Long Term Incentive Plan and grant of Awards

The Remuneration Committee of the Board of Gooch & Housego PLC recently carried out a review of share-based incentive schemes in order to ensure that appropriate incentives are in place for the key employees of the Company. After consulting the Company's major shareholders, the Board has now adopted the Gooch & Housego PLC Long Term Incentive Plan 2013 on 9 April 2013. Under the plan, awards will be made annually to key employees based on a percentage of salary. Subject to the satisfaction of the required TSR performance criteria and EPS financial performance underpin, these grants will vest upon publication of the results of the Company for the year ending 30(th) September 2015.

On 9 April 2013 awards were made under the new plan to a number of key employees, including the following directors of the Company.

 
 Name               Number of awards 
-----------------  ----------------- 
 Gareth Jones                 56,876 
-----------------  ----------------- 
 Terry Scribbins              36,985 
-----------------  ----------------- 
 Andrew Boteler               35,076 
-----------------  ----------------- 
 
 
 For further information 
  contact: - 
 Gareth Jones / Andrew Boteler    Gooch & Housego PLC     01460 256440 
 Tim Thompson / Gabriella 
  Clinkard                        Buchanan               020 7466 5000 
 Patrick Robb / James Grace       Investec Bank plc      020 7597 5970

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCMMGGDVLNGFZM

Gooch & Housego (LSE:GHH)
Historical Stock Chart
From May 2024 to Jun 2024