Directors Remuneration Report - Clarification
Source: RNS
Clarification in respect of the Directors' Remuneration Report
The Company published its 2021 Annual Report and Accounts on 4 April 2022.
On page 134 of the 2021 Annual Report and Accounts within the Directors' Remuneration Report, it is stated that in relation to the Company's 2021 Performance Share Plan awards the one-third of the awards subject to the satisfaction of Return on Capital Employed targets has a maximum performance target requiring the Company's ROCE to be 32.5% or more but this is incorrect. As correctly stated in the Company's announcement issued on 25 November 2021 through the Regulatory News Service, the one-third of the awards subject to the satisfaction of Return on Capital Employed targets has a maximum performance target requiring the Company's ROCE to be 25% or more.
The period over which the performance targets are measured runs from 1 January 2021 to 31 December 2023. Actual performance against these targets will be set out in the Company's 2023 Annual Report and Accounts.
For further information, please contact:
Chris Lee
Group Legal Director & Company Secretary
020 3107 5431
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