RNS Number : 8691Y
THG PLC
01 August 2024
 

1 August 2024

THG PLC

 

("THG" or the "Company")

 

 

Grant of Share Options

 

The Company announces that on 1 August 2024 it made awards of nil cost options over ordinary shares in the Company ("Awards" and "Shares") to certain directors and persons discharging managerial responsibility ("PDMRs") of the Company, under the rules of the THG PLC 2022 Long Term Incentive Plan (the "Plan").

 

The Awards have been granted over the number of Shares shown below. The Awards will vest on the third anniversary of grant, subject to the rules of the Plan and the achievement of stretching performance targets.

 

The details of the Awards are as follows:

 

PDMR

Title

Number of Shares subject to Award

Damian Sanders

Chief Financial Officer

1,923,077

John Gallemore

Chief Operating Officer

1,923,077

 

A summary of the performance targets is below:

 

Measure

Target details

Relative TSR vs FTSE 250 Index (80% weighting)

Threshold (25% vesting): median

Maximum (100% vesting): upper quartile

Straight-line vesting between these points

Achievement of our ESG strategy in the form of supplier alignment with the Company's SBTi approved targets (20% weighting)

Threshold (25% vesting): 60% of suppliers by spend

Maximum (100% vesting): 63% of suppliers by spend

Straight-line vesting between these points

 

The Company makes the below announcements and notifications in accordance with the requirements of the UK Market Abuse Regulation.

 

Notifications 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

Damian Sanders

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

THG PLC

 

b)

LEI

 21380066N3SV9O8IDP37

 

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

 

Identification code

Ordinary shares of £0.005 each

 

 

ISIN Code: GB00BMTV7393

 

b)

Nature of the transaction

Grant of a nil-cost option under the THG PLC 2022 Long Term Incentive Plan

 

c)

Price(s) and volume(s)

 

 Price(s)

Volume(s)

nil

1,923,077

d)

Aggregated information

- Aggregated volume

- Price


N/A - Single transaction

e)

Date of the transaction

1 August 2024

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 


1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Gallemore

2

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

THG PLC

 

b)

LEI

 21380066N3SV9O8IDP37

 

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

 

Identification code

Ordinary shares of £0.005 each

 

 

ISIN Code: GB00BMTV7393

 

b)

Nature of the transaction

Grant of a nil-cost option under the THG PLC 2022 Long Term Incentive Plan

 

c)

Price(s) and volume(s)

 

 Price(s)

Volume(s)

nil

1,923,077

d)

Aggregated information

- Aggregated volume

- Price


N/A - Single transaction

e)

Date of the transaction

1 August 2024

 

f)

Place of the transaction

Outside a trading venue

 

 

 

Enquiries to:

 

James Pochin, General Counsel and Company Secretary

THG PLC

James.Pochin@thehutgroup.com

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