The Property Franchise Group (TPFG) has awarded 920,000 nil-cost share options to executives and employees under its Share Option Plan, as part of its long-term incentive strategy to align management with shareholder interests.
The AIM-listed property franchisor said the awards recognise the contribution made by recipients towards the group’s strategic growth and are subject to performance conditions over the three financial years ending 31 December 2028.
Chief Executive Officer Gareth Samples (main picture, inset) received the largest award, comprising 400,000 share options. TPFG said the enhanced grant is a one-off award covering the 2026, 2027 and 2028 long-term incentive plan cycles, meaning Samples will not receive additional LTIP awards in either 2027 or 2028.
Chief Financial Officer Ben Dodds was awarded 100,000 options, while Executive Director Michelle Brook received 40,000 options. The remaining awards were granted to other executives and employees.
GROUP STRATEGY
The options will vest subject to the achievement of two equally weighted performance measures: total shareholder return (TSR) and adjusted basic earnings per share (Adjusted EPS).
Threshold vesting will occur at 15% growth over the three-year performance period, with full vesting achieved at 30% growth. Executive awards will also be subject to a two-year post-exercise holding period, excluding shares sold to meet tax liabilities.
TPFG says the enhanced award to Samples reflects the board’s view that his leadership will be critical to delivering the group’s strategy over the next three years.
Samples has served as CEO for more than five years, overseeing a period of significant expansion and strategic development for the business.
Immediately prior to the latest awards, TPFG had an issued share capital of 63.75 million ordinary shares and 2.37 million outstanding share awards under previous incentive schemes.
