Ithaca Energy PLC (GB:ITH) has released an update.
Ithaca Energy PLC has announced the grant of a performance share award to CFO and interim CEO Iain Lewis under its Long Term Incentive Plan, set to vest in 2027, contingent on meeting performance conditions tied to shareholder returns compared to its sector peers. This move aims to incentivize and retain key management personnel by aligning their interests with those of the company’s shareholders. The awarded shares amount to 808,276 and are subject to the company’s performance over the next three financial years.
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