Kingfisher Updates On 2019 Value Incentive Targets [Reuters]
KINGFISHER PLC S/ADR (KGFHY)
NASDAQ:AMEX Investor Relations:
kingfisher.com/index.asp?pageid=3
Company Research
Source: Reuters
Kingfisher PLC (KGF.L) Key Developments | Reuters.com May 31 (Reuters) - Kingfisher PLC ::2019 DELIVERING VALUE INCENTIVE TARGETS.DETAILS OF TARGETS AND VESTING SCHEDULE IN RESPECT OF 2019 DELIVERING VALUE INCENTIVE (DVI).DIRECTORS' REMUNERATION REPORT AND POLICY, INCLUDING THESE TARGETS AND VESTING SCHEDULE, WILL BE VOTED ON BY SHAREHOLDERS AT 2019 AGM.AWARDS UNDER PLAN WILL BE GRANTED TO GROUP EXECUTIVE MEMBERS IN JULY 2019.TARGET AWARDS UNDER POLICY CAN BE MADE UP TO LEVEL OF 220% FOR CEO AND 200% FOR CFO.DELIVERING VALUE INCENTIVE IS A ONE-OFF FIVE-YEAR LONG-TERM INCENTIVE AWARD.DVI CONSOLIDATES THREE STANDARD ANNUAL LTIPS INTO ONE AWARD.DVI TARGET GRANT SIZE AVAILABLE FOR CEO WILL BE SINGLE GRANT OF 190% OF SALARY AT TARGET OVER THREE-YEAR POLICY PERIOD.CURRENT CEO WILL NOT PARTICIPATE IN 2019 DELIVERING VALUE INCENTIVE.DVI TARGET GRANT SIZE AVAILABLE FOR CFO WILL BE SINGLE GRANT OF 170% OF SALARY AT TARGET OVER THREE-YEAR POLICY PERIOD.INTERIM CFO WILL ALSO NOT PARTICIPATE IN 20
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