Dowlais Group PLC has announced the granting of conditional share awards under the 2024 Omnibus Share Plan (OSP) to its Executive Directors. Liam Butterworth, the Chief Executive Officer, has been awarded 3,437,598 ordinary shares of 1 pence each, while Roberto Fioroni, the Chief Financial Officer, has been granted 1,622,273 shares. These awards are subject to criteria related to the company's performance over a performance period ending on 31 December 2026, with vested shares being subject to a two-year holding period.
The notifications have been made in accordance with the requirements of the UK Market Abuse Regulation. The transactions were conducted outside of a trading venue on 22 May 2024, with a price of NIL for both volumes of shares.
This announcement provides transparency regarding the share awards granted to the Executive Directors, aligning with the company's performance and long-term objectives.