MCBRIDE PLC — Remuneration Information 2021

Oct 5, 2021

National Storage Mechanism | Additional information

RNS Number : 1228O

McBride PLC

05 October 2021

5 October 2021

McBride plc

("McBride" or the "Company")

Correction to Annual Report

McBride is correcting an error in the detail of the 2021 Annual Report and Accounts published on 24 September 2021.

The performance conditions in relation to Long-term Incentive Plan awards granted in 2020 and 2021 incorrectly state the threshold vesting for both EPS and ROCE. The tables below state the correct vesting levels under the performance conditions.

ROCE Grant 2020 and 2021	% of the half of the Award that vests by reference to ROCE(1)	% of LTIP opportunity achieved
<14.8%	0	0
14.8% (threshold)	10	5(2)
17.2% (target)	50	25
18.6% (maximum)	100	50

(1)      The awards vest on a straight-line basis between threshold and target and between target and maximum.

(2)      Previously disclosed in the 2021 Annual report and Accounts correctly on page 101 as 5% and incorrectly on page 102 as 10%.

EPS Compound Annual Growth Rate (CAGR)(2) Grant 2020 and 2021	% of the half of the Award that vests by reference to EPS(1)	% of LTIP opportunity achieved
<7% p.a.	0	0
7% p.a. (threshold)	10	5(3)
14.3% p.a. (target)	50	25
21.1% p.a. (maximum)	100	50

(1)      The awards vest on a straight-line basis between threshold and target and between target and maximum.

(2)      Adjusted to include effects of amortisation of intangible assets and exceptional items.

(3)      Previously disclosed in the 2021 Annual report and Accounts correctly on page 101 as 5% and incorrectly on page 102 as 10%.

There is no impact on the Company's profit, balance sheet, earnings per share or other audited financial information in the 2021 Annual Report.

McBride plc
Jeff Nodland, Chairman	0161 203 7570
Chris Smith, CEO
FTI Consulting
Ed Bridges, Nick Hasell	020 3727 1017

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