Ascential PLC has announced the grant of conditional awards over ordinary shares to its Executive Directors under the company's Performance Share Plan (PSP) and Deferred Annual Bonus Plan (DABP). Philip Thomas was granted 369,662 shares under the PSP, while Mandy Gradden received 278,480 shares under the PSP and 75,310 shares under the DABP. The awards are subject to vesting conditions, including continued service and meeting performance criteria over the three financial years to 31 December 2026.
Under the PSP, the shares will vest on the third anniversary of the grant, subject to adjusted EPS, adjusted operating profit, and revenue performance criteria. Additionally, there will be a two-year holding period during which the Executive Directors are restricted from selling the shares, except to settle any associated tax. The DABP awards, relating to the deferral of 50% of the 2023 bonus, will also vest on the third anniversary of the grant, subject to continued service.
The nature of the transaction involved the grant of conditional awards under the PSP and DABP, with Philip Thomas receiving 369,662 shares under the PSP and Mandy Gradden receiving 278,480 shares under the PSP and 75,310 shares under the DABP. The aggregated volume of the transaction was 353,790 shares, with a price of Nil. The transaction took place in London on 18 April 2024.
For further information, the Company Secretary, Naomi Howden, can be contacted at +44 (0) 207 516 5042.