Conduit Holdings Limited (CHL) has granted a Long Term Incentive Plan (LTIP) award to Elaine Whelan, a person discharging managerial responsibilities (PDMR) at the company. The award consists of 248,123 Common Shares and is conditional, typically vesting on the third anniversary of the grant date, subject to continued employment and performance conditions. The performance metrics for the award include a 75% weighting on the growth in Net Asset Value (NAV) per share and a 25% weighting on Absolute Total Shareholder Return (TSR).

The growth in NAV per share is the primary performance metric, with a target range set between 5% and 13%. Vesting of the award is determined based on the achievement of these targets, with performance measured annually over a three-year period. Absolute TSR, calculated as the percentage change in Common Share price over a period, also contributes to the award's vesting, with a target range set between 5% and 13% over the full three-year period.

The Remuneration Committee holds the discretion to vary performance conditions and may consider amending them if an event occurs that warrants such changes. Additionally, the Committee may use its discretion to determine the extent of vesting based on the performance over the full three-year period, particularly if any year within the assessment produces a return that is significantly worse than competitors.

Elaine Whelan's beneficial ownership interest in Common Shares, excluding the unvested shares subject to the Performance Share Award, stands at 281,685 Common Shares. The notification also includes details of the transaction in accordance with the Market Abuse Regulation (EU) 596/2014, providing further information about the grant of the Restricted Share Award over common shares under the Rules of the Conduit Holdings Limited Long Term Incentive Plan.