30th Apr 2018 18:30
30 April 2018
Paddy Power Betfair plc (the "Group")
Annual Report 2017 - Correction
Due to a typographical error, the LTIP 2017 targets as disclosed on page 79 of the Annual Report 2017 were incorrectly transposed from the Annual Report 2016. For the avoidance of doubt, there has been no change to these performance targets from those which were originally approved and disclosed in the Annual Report 2016. The Group hereby confirms that the LTIP 2017 performance targets continue to be as disclosed on page 104 of the Annual Report 2016 and are set out below for completeness.
The revised Annual Report 2017 to reflect the above change on page 79 is publicly available on the Company's website www.paddypowerbetfair.com/investor-relations
Performance targets | ||
Performance measure | Threshold (25% vesting) | Maximum (100% vesting) |
EPS (75% of award) Annualised growth in EPS over the three-year period 2017-2019 | 11.8% p.a. | 19.2% p.a. |
Award vests on a straight-line basis between the two points | ||
Revenue (25% of award) Annualised growth in revenue over the three-year period 2017-2019 | 7.7% p.a. | 12.3% p.a. |
Award vests on a straight-line basis between the two points | ||
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