Gear4music Adopts New LTIP, Grants Options to Executives
Why we think this is neutral
The RNS announcement is about the adoption of a new long-term incentive plan and the grant of options to the company's executive directors. This type of news does not fall into the mandatory categories, so a neutral sentiment score is appropriate.
Key Points
- Gear4music adopts new long-term incentive plan (LTIP)
- LTIP grants 200,000 'F' shares to executive directors
- Shares will vest in July 2028 if £5 share price target is met
- Represents maximum dilution of 1.0% of existing issued share capital
Summary
The retailer has adopted a new long-term incentive plan and granted options to its executive team.
Gear4music (Holdings) plc, the largest UK-based online retailer of musical instruments and equipment, has announced the adoption of a new long-term incentive plan (LTIP) and the grant of options to its three executive directors. Under the new LTIP, the company's subsidiary will issue 200,000 'F' ordinary shares to the relevant individuals, which will vest subject to achieving a £5 share price target in July 2028.
Key Dates
24 July 2028
Vesting of LTIP shares subject to £5 share price target
DIRECTOR DEALINGS