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LONDON - Billington Holdings Plc (AIM:BILN), a prominent UK structural steel and construction safety solutions provider, has awarded shares to its executive directors under its Deferred Bonus Plan (DBP). The company, following its 2024 Annual Results, confirmed the grant of ordinary shares to Chief Executive Officer Mark Smith and Chief Financial Officer Trevor Taylor.
The DBP allows executive directors to receive part of their bonus in the form of ordinary shares, which are held by the Employee Share Ownership Trust (ESOT) for three years. After this period, the shares are released to the directors at no cost, provided they adhere to the plan’s rules.
Mark Smith received an award of 25,080 ordinary shares, while Trevor Taylor was granted 20,601 shares. These transactions have adjusted the directors’ interests in the company’s shares. Smith’s total shareholding, excluding the DBP shares, now stands at 129,187, with 71,195 shares held under the DBP and 245,765 long-term incentive plan (LTIP) options, representing a potential 3.35% stake in the company. Similarly, Taylor’s total shareholding amounts to 101,548, with 55,187 shares under the DBP and 192,847 LTIP options, equating to a potential 2.62% shareholding.
The awards are part of Billington’s incentive strategy to align the interests of its executive directors with those of the shareholders. The company’s approach reflects a common practice in corporate governance, where executive compensation is partly based on share ownership to promote long-term value creation.
This announcement is based on a press release statement from Billington Holdings Plc and provides an update on the company’s executive compensation through share awards. It is intended to present the facts of the awards without any endorsement of the company’s strategies or prospects.
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