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KMD BRANDS LIMITED — Remuneration Information 2015
Nov 18, 2015
65190_rns_2015-11-18_f43afd68-25d4-4bf6-918f-85b81babe4b2.pdf
Remuneration Information
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KATHMANDU HOLDINGS LIMITED ASX/NZX 19 November 2015
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Kathmandu CEO remuneration
Following the announcement made on Monday 16 November, the Board of Kathmandu Holdings (ASX/NZX: KMD) had meeting today. During that meeting the Board set the increase in Earnings per Share growth target for the CEO Long Term Incentive structure.
As stated previously because FY2015 is an unusually low measurement base the Board has increased the Earnings per Share growth target from that stipulated in the Notice of Meeting to ensure that there is an appropriate alignment between Executive remuneration and shareholder value. The Earnings per Share compound annual growth target (for full vesting of applicable equity) has been set at 22.5% over the three year performance period, increased from 15%. This compound growth rate equates to an 83.8% increase in Earnings per Share over the three year performance period.
The Earnings per Share growth target required for vesting will be as follows:
| PERCENTAGE OF PERFORMANCE RIGHTSSUBJECT TO THE EPS GROWTH CONDITIONTHAT WILL VEST | |
|---|---|
| Less than 17.5% | 0% |
| 17.5% | 50% |
| 18.5% | 60% |
| 19.5% | 70% |
| 20.5% | 80% |
| 21.5% | 90% |
| 22.5% | 100% |
Reuben Casey Company Secretary
| Investor enquiries to: | Media enquiries to: |
|---|---|
| David Kirk | Helen McCombie - Citadel Magnus |
| +61 2 9223 2344 | + 61 2 9290 3073 |
Kathmandu Holdings Ltd
11 Mary Muller Drive, Heathcote 8022 PO Box 1234, Christchurch 8140, New Zealand Phone: +64 3 373 6110 Fax: +64 3 373 6116 kathmandu.co.nz
249 Park Street, South Melbourne, Victoria 3205 PO Box 984, South Melbourne, Victoria 3205, Australia Phone: +61 3 9267 9999 Fax: +61 3 9267 9933 kathmandu.com.au