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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 |
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 ------------------------------------------------------------ -------------------------------------
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END
DSHSDAFIFEESELW
(END) Dow Jones Newswires
August 01, 2022 02:00 ET (06:00 GMT)
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