DJ SThree: Confirmation of details of 2021-2023 Long-term Incentive Plan (LTIP)
SThree (STEM)
SThree: Confirmation of details of 2021-2023 Long-term Incentive Plan (LTIP)
16-March-2021 / 11:34 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Confirmation of details of 2021-2023 Long-term Incentive Plan (LTIP)
This announcement confirms the details of SThree's 2021-2023 LTIP that we noted we would set out following the
publication of our Annual Report earlier in the year.
As previously confirmed, and in line with the Remuneration Policy, the LTIP will continue to be based on SThree's
performance over three years and subject to a two-year holding period post-vesting.
After considering the current share price, which is tracking at or above pre-pandemic levels, we can confirm that the
grant level will be unchanged at 150% of base salary in line with the Remuneration Policy.
The performance measures and their weighting will also remain unchanged at 50% EPS, 30% TSR and 20% strategic measure,
which for 2021 will again be the operating profit conversion ratio.
Following the Board's alignment on the Group's long-term business plan, and careful consideration of the current
external environment, the Committee are pleased to confirm the target ranges for each measure, which are considered to
be appropriately stretching. These are set out below and will also be included in the Directors Remuneration Report
for next year.
LTIP targets EPS TSR vs. peer group Strategic
2023 EPS to be between 2021 - 2023 performance between 2023 adjusted operating profit conversion
2021-2023 24.9p (25% vesting) and median (25% vesting) and upper ratio between 14.2% (25% vesting) and
38.9p (100% vesting) quartile (100% vesting) 21.0% (100% vesting) -----------------------------------------------------------------------------------------------------------------------
ISIN: GB00B0KM9T71
Category Code: MSCM
TIDM: STEM
LEI Code: 2138003NEBX5VRP3EX50
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 95634
EQS News ID: 1175978
End of Announcement EQS News Service
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(END) Dow Jones Newswires
March 16, 2021 07:34 ET (11:34 GMT)
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