H&T GROUP PLC

Remuneration Information • May 30, 2022

National Storage Mechanism | Additional information

RNS Number : 1130N

H&T Group PLC

30 May 2022

30th May 2022

H&T Group plc

("H&T", the "Company" or the "Group")

(AIM: HAT)

Performance Share Plan ("PSP") 2022

H&T Group plc announces the adoption of its 2022 Performance Share Plan ("PSP") which has been approved by the Remuneration Committee. Further details on the scheme, which will apply to senior management and Executive Directors of the Company, are set out below.

In accordance with the rules of the PSP, eligible employees will be entitled to acquire a maximum number of Ordinary Shares ('Award Shares') on or after 31 December 2024 at nil price, subject to the Company achieving the minimum reported performance criteria.

Summary details set out below:

2022 Grant

The grants of shares are a proportion of salary as follows:

·    Executive Directors -100% of base salary

·   Christopher Gillespie, CEO: 112,657

·   Diane Giddy, CFO: 81,767

·    Senior management - 35% to 75% of base salary

Performance period

The performance period for the 2022 grant is 1 January 2022 to

31 December 2024 (3 years).

Vesting

The scheme is planned to vest at the end of 2024.

Performance conditions

The scheme is split equally based on targets for total shareholder return (TSR) and growth in basic earnings per share (EPS) measured over the three-year performance period. 

The minimum, target and maximum thresholds, with reference to growth over 2021 or the share price as at 31 December 2021, are:

Measure	Minimum	Target	Maximum
TSR	65%	76%	91%
EPS growth	117%	137%	164%

For performance below the minimum no award will vest, at the minimum 30% (2021: 20%) of the award will vest, at the target 50% of the award will vest, and at or above the maximum 100% (2021: 100%) of the award will vest.  A sliding scale of vesting, on a straight-line basis applies between the minimum, target and maximum TSR and EPS targets.

Share retention period

Executive Directors are subject to a two-year share retention period for shares awarded under the scheme.

Further conditions

Award Shares will be released on 31 December 2024 subject to continued employment and the satisfaction of certain specific performance conditions. The awards are further subject to claw back and malus provisions.

H&T Group plc

Tel: 020 8225 2797

Chris Gillespie, Chief Executive

Shore Capital (Nominated Adviser and Broker)

Tel: 020 7408 4090

Stephane Auton/Iain Sexton (Corporate Advisory)

Guy Wiehahn/ Chloë Booker-Triolo (Corporate Broking)

Haggie Partners (Public Relations)

Tel: 020 7562 4444

Damian Beeley

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Gillespie

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

H&T Group plc

b)

LEI

2138006N2X1XSBSDSU74

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

H&T Group plc ordinary shares of 5 pence

GB00B12RQD06

b)

Nature of the transaction

Award of Options under Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	112,657

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

N/A

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Diane Giddy

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

H&T Group plc

b)

LEI

2138006N2X1XSBSDSU74

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

H&T Group plc ordinary shares of 5 pence

GB00B12RQD06

b)

Nature of the transaction

Award of Options under Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	81,767

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

N/A

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

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