FDM Group Awards Shares to Executives and Managers

Overview of Share Awards#

FDM Group (Holdings) plc has announced that it granted share awards to its executive directors and senior managers under its 2014 Performance Share Plan. This move aims to align the interests of the company's leadership with its long-term performance.

Details of the Awards#

On Sunday, FDM awarded 250,000 shares each to four executive directors: CEO Roderick Flavell, COO Sheila Flavell, CCO Andrew Brown, and CFO Michael McLaren. Additionally, two senior managers, Mark Heather and Jonathan Taplin, received 33,333 shares each.

Performance Conditions#

The share awards for executive directors are tied to a performance condition based on the company's earnings per share (EPS) over a three-year period, starting with the 2026 financial year. These awards will typically vest after the announcement of FDM's financial results for the 2028 fiscal year, provided the performance criteria are met.

Holding Period and Additional Provisions#

Once the shares vest, executive directors must hold them for an additional two years before they can be sold. The awards for senior managers also come with specific financial conditions and guidelines outlined in the Performance Share Plan. Each award was granted as an option with a nominal exercise price of £0.01 per share, and recipients did not incur any cost for these awards. Further details regarding the performance conditions will be available in FDM’s 2026 Directors’ Remuneration Report.

This transaction occurred outside of a trading venue, and FDM Group shares are identified by the ISIN GB00BLWDVP51.