17th Sep 2013 11:29
Monday 17 September 2013
2013 Long Term Incentive Plan
Darty plc announces the following;
The following Awards under the Group's Long Term Incentive Plan have been made subject to the achievement of stretching EPS and Free Cash Flow performance targets measured over the three consecutive financial years starting with the year in which the date of grant falls.
Subject to performance, 50% of the awards will vest three years following the date of grant, and 50% will vest four years following the date of grant.
Number of shares | Vesting date | |
PDMR | 1,476,113 | 50% on 16 September 2016 50% on 16 September 2017 |
Regis Schultz | 666,666 | 50% on 16 September 2016 50% on 16 September 2017 |
Dominic Platt | 316,333 | 50% on 16 September 2016 50% on 16 September 2017 |
Following this Award, Regis Schultz holds conditional awards over a total of 1,555,466 shares and Dominic Platt holds conditional awards over 696,267 shares.
Enquiries
| Analysts:
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| Darty plc | ||
Simon Ward | +44 (0) 20 7269 1400 | |
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Press: |
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| UKRLM Finsbury | ||
Rollo Head | +44 (0) 20 7251 3801 | |
Jenny Davey |
France
Le Public Système
Ségolène de Saint Martin +33 1 41 34 23 31 / +33 6 16 40 90 73
Certain statements made in this announcement are forward looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future results in forward looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, Darty plc does not undertake any obligation to update or revise any forward looking statements, whether as a result of new information, future developments or otherwise.
Related Shares:
DRTY.L