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Glenveagh Properties plc granted awards under its Long Term Incentive Plan on 28 March 2024. The Company now announces the targets for these 2024 LTIP awards, which are to be achieved in FY2026. These targets include a 50% weighting for EPS (threshold €0.14, maximum €0.23) and a 50% weighting for ROE (threshold 11%, maximum 16.2%).
| Date | 3 May 2024 |
| Time | 14:15:27 |
| Category | Miscellaneous |
| ID | 2335N |
3 May 2024
On 28 March 2024, awards were granted under the Glenveagh Properties plc (the "Company") Long Term Incentive Plan ("LTIP"). At the time of announcing the awards, the Company stated that full details of the performance measures that will apply to the 2024 LTIP would be announced following a comprehensive review of internal forecasts and taking into account external expectations of future performance.
The Company now announces the following targets that will apply to the 2024 LTIP awards, to be achieved in FY2026:
|
Metric |
Weighting |
Threshold Target (25%) |
Maximum Target (100%) |
|
EPS |
50% |
€0.14 |
€0.23 |
|
ROE |
50% |
11% |
16.2% |
For further information, please contact:
Glenveagh Properties plc
Chloe McCarthy
Company Secretary
Tel: +353 (1) 903 7100