Grant of Share Options
CFO and COO granted nil-cost options over 1.9m shares each, vesting in three years subject to performance targets.
- Shares awarded to Damian Sanders (CFO) 1,923,077
- Shares awarded to John Gallemore (COO) 1,923,077
- Relative TSR performance weighting 80%
- ESG strategy performance weighting 20%
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The Company announces that on 1 August 2024 it made awards of nil cost options over ordinary shares in the Company ("Awards" and "Shares") to certain directors and persons discharging managerial responsibility ("PDMRs") of the Company, under the rules of the THG PLC 2022 Long Term Incentive Plan (the "Plan").
The Awards have been granted over the number of Shares shown below. The Awards will vest on the third anniversary of grant, subject to the rules of the Plan and the achievement of stretching performance targets.
The details of the Awards are as follows:
| PDMR | Title | Number of Shares subject to Award |
|---|---|---|
| Damian Sanders | Chief Financial Officer | 1,923,077 |
| John Gallemore | Chief Operating Officer | 1,923,077 |
| A summary of the performance targets is below: | ||
| Measure | Target details | |
| Relative TSR vs FTSE 250 Index (80% weighting) | Threshold (25% vesting): median Maximum (100% vesting): upper quartile Straight-line vesting between these points | |
| Achievement of our ESG strategy in the form of supplier alignment with the Company's SBTi approved targets (20% weighting) | Threshold (25% vesting): 60% of suppliers by spend Maximum (100% vesting): 63% of suppliers by spend Straight-line vesting between these points | |
The Company makes the below announcements and notifications in accordance with the requirements of the UK Market Abuse Regulation.
Notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Damian Sanders |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | THG PLC |
| b) | LEI | 21380066N3SV9O8IDP37 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.005 each ISIN Code: GB00BMTV7393 |
| b) | Nature of the transaction | Grant of a nil-cost option under the THG PLC 2022 Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 1,923,077 |
| d) | Aggregated information - Aggregated volume - Price | N/A - Single transaction |
| e) | Date of the transaction | 1 August 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | John Gallemore |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Operating Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | THG PLC |
| b) | LEI | 21380066N3SV9O8IDP37 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.005 each ISIN Code: GB00BMTV7393 |
| b) | Nature of the transaction | Grant of a nil-cost option under the THG PLC 2022 Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 1,923,077 |
| d) | Aggregated information - Aggregated volume - Price | N/A - Single transaction |
| e) | Date of the transaction | 1 August 2024 |
| f) | Place of the transaction | Outside a trading venue |
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