Moonpig Group Plc has announced the conditional awards of nil-cost options under the Moonpig Long Term Incentive Plan (LTIP) to its Executive Directors. The awards were made on September 19, 2023, and are subject to Total Shareholder Return and Adjusted EPS performance conditions. The awards will vest three years after grant and are subject to continued employment. The Executive Directors who received the awards are Nickyl Raithatha, Chief Executive Officer, and Andy MacKinnon, Chief Financial Officer. The awards were made in accordance with the company's remuneration policy and revised LTIP rules approved by shareholders at the AGM on September 19, 2023.

Nickyl Raithatha received 203,155 shares under a top-up award and 727,826 shares under a one-off award. Andy MacKinnon received 119,928 shares under a top-up award and 470,577 shares under a one-off award. The awards were calculated using a price of £1.6416 per share, which is the average of the company's mid-market closing price on the dealing days over the 90 calendar day period ending with the dealing day before the date of grant.

The normal policy limit for LTIP awards is 250% of salary, while the policy limit for the one-off awards, to be made in FY24 only, is 200% of salary. Any vested shares that are not sold to pay income tax and national insurance liabilities will be subject to a two-year post-vesting holding period.

The transactions were conducted outside of a trading venue. Moonpig Group plc's LEI is 213800VAYO5KCAXZHK83. Enquiries can be directed to the Company Secretary at [email protected].