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BILN Billington Holdings Plc

540.00
-5.00 (-0.92%)
Last Updated: 09:52:58
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Billington Holdings Plc LSE:BILN London Ordinary Share GB0000332667 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -0.92% 540.00 530.00 550.00 545.00 540.00 545.00 7,920 09:52:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Construction, Nec 86.61M 4.73M 0.3660 14.75 69.85M

Billington Holdings PLC Long Term Incentive Plan (3473U)

01/08/2022 7:00am

UK Regulatory


Billington (LSE:BILN)
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TIDMBILN

RNS Number : 3473U

Billington Holdings PLC

01 August 2022

1 August 2022

Billington Holdings Plc

("the Company" or "Billington")

Long Term Incentive Plan

The Company 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 awards of shares specifically relates to the improvement in the trading performance and profitability of the Company. The full award of shares will only be made should profitability achieve specified targets by the end of the performance period of the award.

The performance criteria for the 2022-2023 plan relate to a profit before tax (PBT) range of GBP4.5 million (25% vests) to GBP6.5 million (100% vests). The performance criteria for the 2022-2024 plan relate to a profit before tax (PBT) range of GBP5.5 million (25% vests) to GBP7.5 million (100% vests).

The following awards of ordinary shares have been made in this round of the Plan:

 
 Name        Position      Ordinary     Ordinary    Total       Total       Total        Total          Total 
                           share         share       Ordinary    shares      number      direct         Potential 
                           options       options     share       awarded     of shares   shareholding   % Shareholding 
                           granted       granted     options     under       options     in BILN        including 
                           under         under       granted     Deferred    currently                  options 
                           the Plan      the Plan    under       Bonus       held 
                           -             - 2022-     the Plan    Plan 
                           2022-2023     2024 
             Chief 
 Mark         Executive 
  Smith       Officer      123,359      126,443     318,955     18,160       337,115     19,554         2.758% 
            ------------  -----------  ----------  ----------  ----------  -----------  -------------  --------------- 
 Trevor      Chief 
  Michael     Financial 
  Taylor      Officer      92,519       94,832      239,215     13,620      252,835      19,323         2.014% 
            ------------  -----------  ----------  ----------  ----------  -----------  -------------  --------------- 
 

These shares will be satisfied from the Billington Holdings Plc Employee Share Ownership Trust and at this time it is not anticipated any new shares will be issued to satisfy the award of shares under the Plan.

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details.

For further information please contact:

 
 Billington Holdings Plc          Tel: 01226 340 666 
 Mark Smith, Chief Executive 
 Trevor Taylor, Chief Financial 
  Officer 
 
 WH Ireland Limited               Tel: 020 7220 1666 
 Chris Hardie 
  Fraser Marshall 
 
 IFC Advisory Limited             Tel: 020 3934 6630 
 Tim Metcalfe 
  Graham Herring 
 Zach Cohen 
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

NOTIFICATION 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                                                          Mark Smith 
     ------------------------------------------------------------  ------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chief Executive Officer 
     ------------------------------------------------------------  ------------------------------------- 
 b)   Initial notification/ Amendment                               Initial Notification 
     ------------------------------------------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     --------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Billington Holdings Plc 
     ------------------------------------------------------------  ------------------------------------- 
 b)   LEI                                                           213800MUHLXWQQ6MEN67 
     ------------------------------------------------------------  ------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
     --------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of instrument 
                                                                      Ordinary Shares of 10p each 
       Identification code 
 
                                                                      GB0000332667 
     ------------------------------------------------------------  ------------------------------------- 
 b)   Nature of the transaction                                     Award under Long Term Incentive Plan 
     ------------------------------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s) 
                                                                      Nil         123,359 (2022-23) 
                                                                       Nil         126,443 (2022-24) 
                                                                                 ------------------- 
     ------------------------------------------------------------  ------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                                  249,802 
                                                                                 Nil 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------- 
 e)   Date of the transaction                                       27 July 2022 
     ------------------------------------------------------------  ------------------------------------- 
 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 
     ------------------------------------------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     --------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Billington Holdings Plc 
     ------------------------------------------------------------  ------------------------------------- 
 b)   LEI                                                           213800MUHLXWQQ6MEN67 
     ------------------------------------------------------------  ------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
     --------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of instrument 
                                                                      Ordinary Shares of 10p each 
       Identification code 
 
                                                                      GB0000332667 
     ------------------------------------------------------------  ------------------------------------- 
 b)   Nature of the transaction                                     Award under Long Term Incentive Plan 
     ------------------------------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s) 
                                                                      Nil         92,519 (2022-23) 
                                                                       Nil         94,832 (2022-24) 
                                                                                 ------------------ 
     ------------------------------------------------------------  ------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                                  187,351 
                                                                                 Nil 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------- 
 e)   Date of the transaction                                       27 July 2022 
     ------------------------------------------------------------  ------------------------------------- 
 f)   Place of the transaction                                      Off Market 
     ------------------------------------------------------------  ------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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August 01, 2022 02:00 ET (06:00 GMT)

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