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Share Name Share Symbol Market Type Share ISIN Share Description
Curtis Banks Group Plc LSE:CBP London Ordinary Share GB00BW0D4R71 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 205.00 200.00 210.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 414.8 10.9 16.5 12.4 135

Curtis Banks Group PLC Long-Term Incentive Plan

14/09/2020 7:00am

UK Regulatory (RNS & others)


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RNS Number : 8193Y

Curtis Banks Group PLC

14 September 2020

14 September 2020

Curtis Banks Group plc

("Curtis Banks", the "Group")

Long-Term Incentive Plan

Curtis Banks Group Plc (AIM:CBP), one of the UK's largest independent SIPP operators, announces that it has today granted options over ordinary shares in the Company to its Chief Executive Officer, Chief Financial Officer and Chief Operating Officer under a new Long-Term Incentive Plan ('LTIP'). These initial awards recognise each of their roles in developing and implementing the Group's strategic plans and are designed to incentivise them appropriately.

The initial grant is for a total of 1,500,000 share options under the LTIP:

 
 Name            Position           Number of share subject 
                                                  to awards 
                 Chief Executive 
 Will Self        Officer                           500,000 
                 Chief Financial 
 Dan Cowland      Officer                           500,000 
                 Chief Operating 
 Jane Ridgley     Officer                           500,000 
 

Vesting of the awards will be subject to the satisfaction a combination of the following performance criteria measured over a 3 year period: Financial, Customer, Internal Process and Innovation.

50% of the options will vest, to the extent that the performance criteria have been satisfied, once the interim results for the six months ended 30(th) June 2023 have been approved (the period end date being the end of the three year measurement period).

The remaining 50% of the options will vest 12 months later once the interim results for the six months ended 30(th) June 2024 have been approved.

The options have a 217p strike price.

For more information:

 
 Curtis Banks Group plc                   www.curtisbanks.co.uk 
 Will Self - Chief Executive Officer      +44 (0) 117 9107910 
 Dan Cowland - Chief Financial Officer 
 
 Peel Hunt LLP (Nominated Adviser & 
  Joint Broker)                           +44 (0) 20 7418 8900 
 James Britton 
 Rishi Shah 
 
 Nplus1 Singer Capital Markets Limited 
  (Joint Broker)                          +44 (0) 20 7496 3000 
 Mark Taylor 
 Rachel Hayes 
 
 Camarco (Financial PR)                   +44 (0) 20 3757 4984 
 Ed Gascoigne-Pees 
 Georgia Edmonds 
 Jake Thomas 
 

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.

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END

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September 14, 2020 02:00 ET (06:00 GMT)

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