Centamin PLC Announces Director/PDMR Shareholding
Centamin PLC has announced director/PDMR shareholding changes under its Remuneration Policy and Incentive Plan. Performance-based awards of ordinary shares were granted to key executives:
- CEO Martin Horgan: 751,200 shares
- CFO Ross Jerrard: 599,700 shares
- Country Manager (Egypt) Amr Hassouna: 384,500 shares
These awards are subject to performance conditions and will partially or fully vest after three years on September 11, 2027, followed by a two-year holding period. The plan aims to align executive remuneration with shareholder interests and long-term company performance. Recipients must typically be employed by Centamin at the time of vesting.
Centamin PLC ha annunciato cambiamenti nella partecipazione azionaria del direttore/PDMR in base alla sua Politica di Remunerazione e Piano di Incentivazione. I premi basati sulle performance di azioni ordinarie sono stati assegnati a dirigenti chiave:
- CEO Martin Horgan: 751.200 azioni
- CFO Ross Jerrard: 599.700 azioni
- Country Manager (Egitto) Amr Hassouna: 384.500 azioni
Questi premi sono soggetti a condizioni di performance e si realizzeranno parzialmente o totalmente dopo tre anni, il 11 settembre 2027, seguiti da un periodo di blocco di due anni. Il piano mira a allineare la remunerazione dei dirigenti con gli interessi degli azionisti e le prestazioni aziendali a lungo termine. I destinatari devono generalmente essere impiegati da Centamin al momento della realizzazione.
Centamin PLC ha anunciado cambios en la participación accionaria del director/PDMR bajo su Política de Remuneración y Plan de Incentivos. Se otorgaron premios basados en el rendimiento de acciones ordinarias a ejecutivos clave:
- CEO Martin Horgan: 751,200 acciones
- CFO Ross Jerrard: 599,700 acciones
- Country Manager (Egipto) Amr Hassouna: 384,500 acciones
Estos premios están sujetos a condiciones de rendimiento y se consolidarán parcial o totalmente después de tres años, el 11 de septiembre de 2027, seguidos de un período de retención de dos años. El plan tiene como objetivo alinear la remuneración ejecutiva con los intereses de los accionistas y el rendimiento a largo plazo de la empresa. Los beneficiarios deben estar típicamente empleados por Centamin en el momento de la consolidación.
Centamin PLC는 보수 정책과 인센티브 계획에 따라 이사/PDMR 주식 보유 변화를 발표했습니다. 주요 경영진에게는 성과 기반 보상으로 일반 주식이 부여되었습니다:
- CEO 마틴 호건: 751,200주
- CFO 로스 제라드: 599,700주
- 이집트 국가 관리자 암르 하수나: 384,500주
이 보상은 성과 조건에 따라 달라지고 2027년 9월 11일에 3년 후에 부분적으로 또는 완전히 귀속되며, 2년의 보유 기간이 있습니다. 이 계획은 경영진 보상을 주주의 이익 및 장기적인 회사 성과와 일치시키는 것을 목표로 합니다. 수혜자는 일반적으로 보상 시점에 Centamin에서 고용되어 있어야 합니다.
Centamin PLC a annoncé des changements dans l'actionnariat des directeurs/PDMR conformément à sa Politique de Rémunération et son Plan d'Incitation. Des récompenses basées sur la performance sous forme d'actions ordinaires ont été attribuées à des dirigeants clés :
- PDG Martin Horgan : 751 200 actions
- CFO Ross Jerrard : 599 700 actions
- Responsable Pays (Égypte) Amr Hassouna : 384 500 actions
Ces récompenses sont soumises à des conditions de performance et s'acquitteront partiellement ou totalement après trois ans, le 11 septembre 2027, suivies d'une période de détention de deux ans. Le plan vise à aligner la rémunération des dirigeants avec les intérêts des actionnaires et la performance à long terme de l'entreprise. Les bénéficiaires doivent généralement être employés par Centamin au moment de l'acquisition.
Centamin PLC hat Veränderungen in der Aktionärsstruktur des Direktors/PDMR unter seiner Vergütungspolitik und seinem Anreizplan angekündigt. Leistungsbasierte Auszeichnungen in Form von Stammaktien wurden an wichtige Führungskräfte vergeben:
- CEO Martin Horgan: 751.200 Aktien
- CFO Ross Jerrard: 599.700 Aktien
- Landesmanager (Ägypten) Amr Hassouna: 384.500 Aktien
Diese Auszeichnungen unterliegen Leistungsbedingungen und werden nach drei Jahren, am 11. September 2027, teilweise oder vollständig ausgezahlt, gefolgt von einer zwei Jahre währenden Haltefrist. Der Plan zielt darauf ab, die Vergütung der Führungskräfte mit den Interessen der Aktionäre und der langfristigen Unternehmensleistung in Einklang zu bringen. Die Empfänger müssen zum Zeitpunkt der Auszahlung in der Regel bei Centamin beschäftigt sein.
- Alignment of executive compensation with shareholder interests and long-term company performance
- Implementation of performance-based share awards for key executives
- Three-year vesting period followed by a two-year holding period, promoting long-term commitment
- None.
PERTH, AUSTRALIA / ACCESSWIRE / September 12, 2024 / ("Centamin" or "the Company") (LSE:CEY)(TSX:CEE)
DIRECTOR/PDMR SHAREHOLDING
Under the shareholder approved Remuneration Policy and Centamin Incentive Plan ("Plan"), which aims to align Executive remuneration with that of the shareholders and long-term performance of the Company, contingent awards over ordinary shares of nil par value in the Company were made to the following Directors and Persons Discharging Managerial Responsibility ("PDMR").
Subject to clear performance conditions, the awards to the following participants will partially or fully vest after three years, on 11 September 2027 and are subject to a further two-year holding period. In the normal course, the Plan participants are required to be an employee of the Company at the time of vest.
For more details on the Plan, please refer to the Remuneration Report within the 2023 Annual Report and Accounts, available on the Company's website (https://www.centamin.com/annual-report-2023/).
Name | Director/PDMR | Number of Plan Awards |
Martin Horgan | Director (CEO) | 751,200 |
Ross Jerrard | Director (CFO) | 599,700 |
Amr Hassouna | PDMR (Country Manager) | 384,500 |
DIRECTOR/PDMR NOTIFICATIONS
In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European (Withdrawal Act 2028), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
This announcement contains ongoing regulated information.
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
Centamin plc Michael Stoner, Head of Corporate | FTI Consulting Ben Brewerton / Sara Powell / Nick Hennis |
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 | ||
a) | Name | Martin Horgan | |
2 | Reason for the notification | ||
a) | Position/status | Director - 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 | Centamin plc | |
b) | LEI | LEI 213800PDI9G7OUKLPV84 | |
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 ISIN JE00B5TT1872 | |
b) | Nature of the transaction | Grant of performance share awards under the terms of the Centamin Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil | 751,200 | ||
d) | Aggregated information Aggregated volume Price | 751,200 CEY shares Nil | |
e) | Date of the transaction | 2024-09-11 | |
f) | Place of the transaction | Outside a trading venue | |
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 | ||
a) | Name | Ross Jerrard | |
2 | Reason for the notification | ||
a) | Position/status | Director - 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 | Centamin plc | |
b) | LEI | LEI 213800PDI9G7OUKLPV84 | |
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 ISIN JE00B5TT1872 | |
b) | Nature of the transaction | Grant of performance share awards under the terms of the Centamin Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil | 599,700 | ||
d) | Aggregated information Aggregated volume Price | 599,700 CEY shares Nil | |
e) | Date of the transaction | 2024-09-11 | |
f) | Place of the transaction | Outside a trading venue | |
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 | ||
a) | Name | Amr Hassouna | |
2 | Reason for the notification | ||
a) | Position/status | PDMR - Country Manager (Egypt) | |
b) | Initial notification/Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Centamin plc | |
b) | LEI | LEI 213800PDI9G7OUKLPV84 | |
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 ISIN JE00B5TT1872 | |
b) | Nature of the transaction | Grant of performance share awards under the terms of the Centamin Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil | 384,500 | ||
d) | Aggregated information Aggregated volume Price | 384,500 CEY shares Nil | |
e) | Date of the transaction | 2024-09-11 | |
f) | Place of the transaction | Outside a trading venue | |
-END
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
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SOURCE: Centamin PLC
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FAQ
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