Awards under Value Creation Plan
Value Creation Plan awards granted to seven Directors and PDMRs, vesting after three years if share price exceeds £5.21 hurdle.
- Martin Ward award 30%
- Rachel Coulson award 15%
- Harvey Stead award 12.5%
- Jorge Alarcón Alejandre award 12.5%
- Hurdle price per share £5.21
- Cap price per share £8
Select text to share a quote on X · sign in to keep highlights & notes in your ZIG notes
The Company announces that following the approval of the ZIGUP plc Value Creation Plan (the "Plan") at the Company's Annual General Meeting on 23 September 2025, awards under the Plan were granted on 23 October 2025 over the VCP Pool Value to Directors/PDMRs as follows:
Martin Ward: 30%
Rachel Coulson: 15%
Harvey Stead: 12.5%
Jorge Alarcón Alejandre: 12.5%
Katie Tasker-Wood: 10%
Emma Ayton: 10%
Matthew Barton: 10%
The VCP Pool Value will be determined by the Board and will normally be calculated as 10% of the growth in value of the issued share capital (including the aggregate value of any dividends paid over the performance period) above a hurdle of £5.21 per share, subject to a cap of £8 per share.
Upon calculation of the VCP Pool Value, which is expected to occur after the 3-year performance period ending 30 April 2028, each participant will (subject to the Rules of the Plan) be entitled to acquire the number of ordinary shares at nil cost corresponding to their share of the VCP Pool Value.
Vested awards under the Plan will usually be subject to a 2-year holding period.
A full summary of the Rules of the Plan was included in the Notice of AGM issued by the Company on 25 July 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.