Accrol Group Holdings PLC has announced the second grant of options to executive Directors and certain senior management under the Long-Term Incentive Plan (LTIP) established to incentivize management to deliver long-term value creation for shareholders and ensure alignment with shareholder interests. The LTIP is based on market standard annual awards and is limited to a maximum of 5% of the issued share capital of the Company over its five-year life assuming all existing LTIP options are exercised. All awards made under the LTIP will be made by the granting of nil-cost options established in accordance with the rules of the LTIP and vesting is subject to adjusted EBITDA targets in line with the LTIP rules.

The Remuneration Committee has discretion to amend these terms to take account of corporate activities such as acquisitions to ensure that the performance targets remain appropriate. Malus and clawback provisions are also in place to reduce or recover any awards for criteria such as any material misstatement of the financial statements, a serious breach of the Company's code of ethics, or a serious health and safety issue.

On 5 February 2024, options over 2,594,718 shares in aggregate (the "2024 Awards") were granted under the LTIP, including those granted to directors and other persons discharging managerial responsibility. These awards are subject to Adjusted EBITDA targets measured over the performance period ending on 30 April 2026. If the maximum targets are met in FY26, the total dilutive impact of the 2024 Awards will be 0.8%. The maximum aggregate dilutive effect of awards then issued under the LTIP will stand at 4.94% of the fully diluted share capital of the Company assuming all existing LTIP options are exercised.

Accrol Group Holdings plc is a leading tissue converter and supplier of toilet tissues, kitchen rolls, facial tissues, and wet wipes to many of the UK's leading discounters and grocery retailers across the UK. The Group now operates from five manufacturing sites supplying the UK tissue wet wipes market valued at c£3.0bn at retail sales value. For further information, please visit www.accrol.co.uk.