Next 15 Group PLC has announced the vesting of performance shares under the Long-Term Incentive Plan (LTIP) for certain Directors. Tim Dyson, Peter Harris, and Jonathan Peachey received ordinary shares at nil cost following the vesting of the performance shares. The total number of shares issued in respect of the vesting of awards under the LTIP is 191,421, bringing the total issued Ordinary Shares to 99,408,262 as of 16 April 2024, with no shares held in treasury.
Additionally, on the same day, the company granted performance share awards over Ordinary Shares to the Directors under the LTIP. Tim Dyson was granted 122,593 shares, Peter Harris was granted 56,997 shares, and Jonathan Peachey was granted 49,362 shares. These awards will vest after a three-year performance period, subject to performance conditions and continued employment, and will then be subject to a further two-year hold period.
The notification also includes details of the transactions, including the acquisition of Ordinary Shares pursuant to vesting under the LTIP and the grant of share awards over Ordinary Shares under the LTIP. The transactions were conducted outside a trading venue on 16 April 2024.
For further information, interested parties can contact Next 15 Group plc.