News: PPL Pureprofile Says Material Changes To Pureprofile Short-Term Incentive Remuneration

Nov 6 (Reuters) - Pureprofile Ltd (PPL) :

• MATERIAL CHANGES TO PUREPROFILE SHORT-TERM INCENTIVE REMUNERATION AND UPDATE ON LONG-TERM INCENTIVE PLAN
• BOARD HAS ENGAGED WITH KEY SHAREHOLDERS AND OTHER STAKEHOLDERS AS PART OF BROAD REVIEW OF PPL'S EXECUTIVE REMUNERATION FRAMEWORK
• CHANGE TO REMUNERATION PLAN FOR CEO, KMP & EXECUTIVES EXPECTED TO HAVE MATERIAL POSITIVE IMPACT ON NET PROFIT AFTER TAX IN FY24
• CHANGE IN REWARD STRUCTURE FROM EQUITY TO CASH-BASED INCENTIVES WILL IMPACT EBITDA (EXCLUDING SIGNIFICANT ITEMS) ON GO FORWARD BASIS
• EXPECTS TO RECOGNISE A PROVISION FOR STI EXPENSE IN FY24 OF A$1.05 MILLION
• IS IN PROCESS OF REVIEWING LONG-TERM INCENTIVE PROGRAM FOR EXECUTIVES