Redcentric (GB:RCN) has released an update.
Redcentric plc, a prominent UK IT services provider, has granted over 1.9 million options to its executives under the 2016 Long Term Incentive Plan, with the options carrying performance-based conditions and nominal cost. The company’s CEO, Peter Brotherton, and CFO, David Senior, received significant portions of these options, which are tied to the company’s Total Shareholder Return and adjusted Earnings per Share targets for 2027. These grants increase the total outstanding options to 4.2% of Redcentric’s issued voting share capital.
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