Amigo bosses Gary Jennison (CEO) and Michael Corcoran (CFO) are in line for over 14 million shares combined subject to meeting the performance conditions under a long term incentive plan.
Jennison was awarded 9.5m shares under the plan, while Corcoran was awarded 4.75m.
For the share awards to successfully vest, the duo has to essentially hit the following three targets by 30 September 2023:
- EPS growth – growth of 300% over the EPS hurdle over the performance period (EPS hurdle is 1p).
- Absolute Total Shareholder Return – amount share price has appreciated plus dividends paid. Growth of 233.3% over the ATSR hurlde over the performance period (hurdle is 12p).
- Non-financial measures – general testing regarding ESG measures and conduct within the business, diversity and inclusiveness.
The share price of AMGO is currently treading at 9.70p.