Revised 2020 GLTI Conditional Award of Shares
Vodafone Group Plc today announces that its Chief Executive, Nick Read, and Chief Financial Officer, Margherita Della Valle have voluntarily requested that their 2020 Global Long Term Incentive ("GLTI") conditional share awards, granted under the Global Incentive Plan on 26 June 2019, (the "Awards") be reduced by 20%. This was requested to reflect the low valuation of the share price following its reduction over the year and particularly the change in value between the date of the Remuneration Committee's decision in respect of the value of the Awards and the date of grant. Accordingly, the Remuneration Committee will reduce the Awards and, following the reduction, the number of 2020 GLTI shares awarded to Nick Read and Margherita Della Valle will be as follows:
|
2020 GLTI Conditional Share Awards |
Nick Read - Chief Executive |
3,887,636 |
Margherita Della Valle - Chief Financial Officer |
2,366,387 |
No changes have been made to the conditions attached to the Awards, which are set out in the market announcement dated 27 June 2019 which can be accessed here: https://www.vodafone.com/content/index/investors/investor_information/press_regulatory/uk_regulatory.html.
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