LSL Property Services Proposes Updated Remuneration Policy and New LTIP
Why we think this is neutral
The RNS announcement outlines proposed changes to LSL Property Services' executive remuneration, including a new Long Term Incentive Plan. While these changes may impact the company's future performance, the announcement does not contain any mandatory news types such as trading updates, financial results, or major contract/order news. Therefore, the sentiment is assessed as neutral.
Key Points
- Proposed updated Remuneration Policy for executive directors
- Introduction of new LSL Property Services plc 2025 Long Term Incentive Plan
- 2025 LTIP awards to be based on growth in company's equity value over 5-year period
- No new shares to be issued to satisfy vesting of awards
Summary
LSL Property Services has published a circular containing a notice convening a General Meeting to seek shareholder approval of amendments to the Directors' Remuneration Policy and the introduction of a new LSL Property Services plc 2025 Long Term Incentive Plan (2025 LTIP). The 2025 LTIP will allow executive directors and senior employees to share in the growth in the company's equity value over a five-year performance period. No new shares will be issued to satisfy the vesting of awards, which will be satisfied by the transfer of shares purchased in the market or from the company's employee benefit trust.