The Vitec (GB:VID) has released an update.
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Videndum PLC has announced the issuance of long-term incentive plan (LTIP) share awards to its executive directors and key managerial personnel, with awards linked to future performance conditions based on total shareholder return (TSR) and adjusted earnings per share (EPS). The awarded shares are set to vest in 2027, provided the company meets specified performance targets, including TSR performance against the FTSE 250 index and EPS growth. This move aligns executive compensation with shareholder interests and the company’s long-term financial success.
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