Billington Holdings Plc
(the "Company" or "Billington" or the "Group")
Awards under the Company's Long Term Incentive Plan
Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, confirms that its Remuneration Committee (the "Committee") has agreed the following awards under the Long Term Incentive Plan (the "Plan" or "LTIP").
The objective of the Plan is to ensure that the strategic objectives of the Company align with those of the senior management and that the structure of the overall remuneration package assists in maximising shareholder value.
The performance criteria for these LTIP awards over ordinary shares of 10p each in the Company ("Ordinary Shares") specifically relates to the profitability of the Company. The full vesting will only occur should profitability targets be achieved during the performance period of the award.
The awards which have been made under the Plan, relate to the period being financial years 2025 to 2027. The performance criteria for this award requires the Group to achieve a cumulative statutory unadjusted Profit Before Tax (PBT) range of £30 million (25% vests) to £40 million (100% vests), for the three years.
The following awards have been made in this round of the Plan:
|
Name |
Position |
Ordinary share LTIP options granted under the Plan - 2025- 2027 |
Total number of LTIP options held |
Total Ordinary Shareholding in BILN (excluding those held in DBP) |
Total shares held under Deferred Bonus Plan ("DBP") (held in ESOT) |
Total potential %* shareholding including LTIP options and DBP shares |
||
|
Mark Smith |
Chief Executive Officer |
90,000 |
335,765
|
129,187
|
71,195 |
4.02% |
||
|
Trevor Taylor |
Chief Financial Officer |
71,429 |
264,276
|
101,548
|
55,187 |
3.16% |
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|
For further information please contact:
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|
Billington Holdings Plc Mark Smith, Chief Executive Officer Trevor Taylor, Chief Financial Officer |
Tel: 01226 340 666 |
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Cavendish Capital Markets Ltd - Nomad and Broker Ed Frisby / Trisyia Jamaludin - Corporate Finance Andrew Burdis - Corporate Broking |
Tel: 020 7220 0500 |
|
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|
IFC Advisory Limited Tim Metcalfe Graham Herring Zach Cohen |
Tel: 020 3934 6630 billington@investor-focus.co.uk |
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About Billington Holdings plc
Billington Holdings plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is a UK based Group of companies focused on structural steel and engineering activities throughout the UK and European markets. Group companies pride themselves on the provision of high technical and professional standards of service to niche markets with emphasis on building strong, trusted and long-standing partnerships with all of our clients. https://billington-holdings.plc.uk/
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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|
a) |
Name |
Mark Smith |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Chief Executive Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Billington Holdings Plc |
||||
|
b) |
LEI |
213800MUHLXWQQ6MEN67 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10p each
GB0000332667 |
||||
|
b) |
Nature of the transaction |
Award under Long Term Incentive Plan |
||||
|
c) |
Price(s) and volume(s) |
|
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|
d) |
Aggregated information - Aggregated volume - Price |
90000 Nil |
||||
|
e) |
Date of the transaction |
17 April 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Trevor Michael Taylor |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Financial Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Billington Holdings Plc |
||||
|
b) |
LEI |
213800MUHLXWQQ6MEN67 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 10p each
GB0000332667 |
||||
|
b) |
Nature of the transaction |
Award under Long Term Incentive Plan |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
71,429 Nil |
||||
|
e) |
Date of the transaction |
17 April 2025 |
||||
|
f) |
Place of the transaction |
Off Market |
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