Awards under Company’s Long Term Incentive Plan
LTIP awards granted to CEO and CFO for 2025-2027 period based on cumulative PBT targets.
- LTIP options granted to CEO 90,000 shares
- LTIP options granted to CFO 71,429 shares
- Cumulative PBT target range (vesting) £30m-£40m over 3 years
Select text to share a quote on X · sign in to keep highlights & notes in your BILN notes
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.
The awards which have been made under the Plan, relate to the period being financial years 2025 to 2027. The performance criteria for this award requires the Group to achieve a cumulative statutory unadjusted Profit Before Tax (PBT) range of £30 million (25% vests) to £40 million (100% vests), for the three years.
The following awards have been made in this round of the Plan:
| Name | Position | Ordinary share LTIP options granted under the Plan - 2025- 2027 | Total number of LTIP options held | Total Ordinary Shareholding in BILN (excluding those held in DBP) | Total shares held under Deferred Bonus Plan ("DBP") (held in ESOT) | Total potential %* shareholding including LTIP options and DBP shares |
| Mark Smith | Chief Executive Officer | 90,000 | 335,765 | 129,187 | 71,195 | 4.02% |
| Trevor Taylor | Chief Financial Officer | 71,429 | 264,276 | 101,548 | 55,187 | 3.16% |
| a) | Name | Mark Smith | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| a) | Name | Billington Holdings Plc | ||||
| b) | LEI | 213800MUHLXWQQ6MEN67 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10p each GB0000332667 | ||||
| b) | Nature of the transaction | Award under Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 90000 | ||||
| d) | Aggregated information - Aggregated volume - Price | 90000 Nil | ||||
| e) | Date of the transaction | 17 April 2025 | ||||
| f) | Place of the transaction | Off Market | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Trevor Michael Taylor | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| a) | Name | Billington Holdings Plc | ||||
| b) | LEI | 213800MUHLXWQQ6MEN67 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10p each GB0000332667 | ||||
| b) | Nature of the transaction | Award under Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 71,429 | ||||
| d) | Aggregated information - Aggregated volume - Price | 71,429 Nil | ||||
| e) | Date of the transaction | 17 April 2025 | ||||
| f) | Place of the transaction | Off Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.