Notification of Long-Term Incentive Award to PDMR
FD Technologies plc
("FD Technologies" or the "Company")
13 December 2024
Notification of Long-Term Incentive Award to PDMR
FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces the grant of restricted share units and performance share units under a Long Term Incentive Plan (LTIP) to a Person Discharging Managerial Responsibility ("PDMR") of the Company as follows:
PDMR | Number of shares over which awards were granted on 11th December 2024 | |
RSU Award | PSU Award | |
Ashok Reddy |
14,523 Units | 43,570 Units |
The LTIP Award has been determined by the Remuneration and Talent Committee composed entirely of independent Non-Executive Directors and advised by independent remuneration consultants, Farient.
The RSUs will vest annually on the first, second, third and fourth anniversary of the Award.
The PSUs will vest based on the compound annual growth rate in the Company's share price
Threshold | Target | Maximum | |
% Vesting of PSUs | 25% | 50% | 100% |
Per | |||
CAGR in Company share price | 20% | 28.75% | 37.5% |
Compound annual growth rate (CAGR) is calculated from a starting baseline of the average GBP share price calculated over the 30 day period following the announcement of the Company's half year results on 26 November 2024 and takes the final point as the average GBP share price calculated over the 30 day period following the publication of the Company's full year results for the period ended 28 February 2027.
The performance metric has been selected as an appropriate measure and reflects the Company's commitment to alignment of executive incentives with shareholder interests. The performance targets have been designed to reflect ambitious yet achievable growth, balancing internal expectations and external market forecasts to drive sustained value creation for shareholders.
For further information, please contact:
FD Technologies plc Seamus Keating, Chief Executive Officer Ryan Preston, Chief Financial Officer Derek Brown, Head of Investor Relations
| +44(0)28 3025 2242 www.fdtechnologies.com | |
| +44 (0)20 7597 5970 | |
FTI Consulting Matt Dixon Dwight Burden Victoria Caton | +44 (0)20 3727 1000
|
For further information, please visit www.fdtechnologies.com.
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