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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bt Group Plc | LSE:BT.A | London | Ordinary Share | GB0030913577 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.90 | -0.86% | 103.60 | 103.50 | 103.60 | 104.70 | 103.60 | 104.35 | 6,846,700 | 12:00:46 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Phone Comm Ex Radiotelephone | 20.92B | 1.91B | 0.1916 | 5.43 | 10.34B |
TIDMBT.A
RNS Number : 6705Q
BT Group PLC
22 June 2020
22 June 2020
BT Group plc
Confirmation of Directors' 2020 long-term incentive awards
Subject to shareholder approval at the Annual General Meeting 2020 of the new Directors' Remuneration Policy ("Policy") and the new Restricted Share Plan ("RSP"), the BT Remuneration Committee ("Committee") will grant the first RSP award for executive directors in August 2020 at a reduced level.
Under the new Policy, RSP awards will normally be granted at 200% of salary. In the Report on Directors' Remuneration in the Annual Report 2020 published on 21 May 2020, it was stated that the Committee would make a decision on the size of the first RSP award closer to the grant date but this would not exceed 175% of salary. It was further advised that in determining the award level of the first RSP award, the Committee would consider BT's share price performance and feedback from consultations with some of our largest shareholders.
We are pleased to advise that the majority of shareholders we have consulted are supportive of the new Policy and the move to the RSP as our long-term incentive plan. Following this consultation, and taking into account BT's share price performance over the last 12 months and the Board's decision to suspend and re-base future dividends, the Committee has determined that the first RSP award will be granted at 160% of salary for executive directors. In addition to reducing the size of the award granted, the Committee will also look at the vesting outcomes of the first RSP award to assess whether any "windfall gains" have been realised as a result of any Covid-19 "bounce back".
We will make the required announcement confirming the RSP award grants in early August 2020.
ENDS
Enquires
Press office: Tom Engel Tel: +44 7947 711 959 Richard Farnsworth Tel: +44 7734 776 317 Investor relations: Mark Lidiard Tel: 020 7356 4909
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END
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June 22, 2020 06:40 ET (10:40 GMT)
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