Eos Energy stock falls after Fuzzy Panda issues short report
LONDON - Volution Group plc (LSE:FAN), a designer and manufacturer of energy efficient indoor air quality solutions, granted awards to its executive directors under two incentive schemes on October 15, according to a press release statement issued Thursday.
Chief Executive Officer Ronnie George received 156,405 nil-cost options under the company’s 2023 Long Term Incentive Plan (LTIP) and 35,996 conditional awards under the Deferred Share Bonus Plan (DSBP). Chief Financial Officer Andy O’Brien was granted 91,832 LTIP nil-cost options and 24,646 DSBP awards.
The LTIP awards are subject to performance criteria measured over a three-year period, including earnings per share growth targets, relative total shareholder return, and ESG performance measures. These awards follow a three-year vesting period plus an additional two-year holding period before they can be exercised.
The DSBP awards represent one-third of the executives’ annual bonus payments for the financial year ended July 31, 2025, converted into company shares. These awards will normally vest on October 15, 2028.
The company calculated the number of LTIP awards using a price of £6.7133 per ordinary share, based on the average mid-market closing price over three consecutive business days preceding the grant date.
Full details of the performance criteria will be included in Volution’s Directors’ Remuneration Report for the financial year ended July 31, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.