Genuit Group Announces Director Share Awards
Why we think this is neutral
This RNS announcement is related to director share awards, which is not one of the mandatory news types that require detailed analysis. The announcement provides details on the granting of deferred share awards to the CEO and CFO, which is a routine corporate governance matter.
Key Points
- Genuit Group plc has granted deferred share awards to the CEO and CFO under its 2024 Deferred Share Bonus Plan
- The awards will vest in two equal tranches in 2027 and 2028 and are exercisable for 10 years from the date of grant
- The awards are part of the executives' remuneration packages and are in line with the company's Remuneration Policy
Summary
The industrial group has granted deferred share awards to its top executives as part of their remuneration packages.
Genuit Group plc has announced the grant of awards under its 2024 Deferred Share Bonus Plan to the Chief Executive Officer and Chief Financial Officer. The awards, structured as nil-cost options, will vest in two equal tranches in 2027 and 2028 and are exercisable for 10 years from the date of grant. This is in line with the company's shareholder-approved Remuneration Policy.
DIRECTOR DEALINGS