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LONDON - Everyman Media Group PLC has granted over 1.5 million options to key employees as a part of its long-term incentive plan, the company disclosed on Tuesday. The options, which are linked to the company’s ordinary shares, were awarded to several top-level executives, including Chief Executive Officer Alex Scrimgeour and Finance Director Will Worsdell.
Scrimgeour received 531,525 new options, increasing his total holdings to 1,708,520 options, while Worsdell was granted an additional 287,840 options for a total of 559,830. These options carry an exercise price of 10 pence and can be exercised starting from January 1, 2026, provided that certain financial and performance conditions are met.
In conjunction with the new grants, Everyman’s Remuneration Committee has also revised the terms of previously issued options and growth shares to CEO Alex Scrimgeour. The exercise price of options issued to Scrimgeour on April 8, 2021, has been adjusted to 37.5 pence, aligning with the company’s closing share price on April 14, 2025. Additionally, the vesting conditions for growth shares in a subsidiary, Everyman Media Holdings Ltd, have been updated to require the achievement of specific financial targets by December 31, 2026.
These amendments are part of Everyman’s strategy to maintain motivation and align the interests of key personnel with the company’s financial goals. The announcement follows a review by the Remuneration Committee, which aims to ensure that incentive mechanisms like options and growth shares are effectively structured to retain and motivate executives.
The information in this article is based on a press release statement from Everyman Media Group PLC.
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