KMD
19/11/2015 12:44
GENERAL
NOT PRICE SENSITIVE
REL: 1244 HRS Kathmandu Holdings Limited
GENERAL: KMD: KMD - Kathmandu CEO Remuneration
KATHMANDU HOLDINGS LIMITED
ASX/NZX
19 November 2015
Kathmandu CEO remuneration
Following the announcement made on Monday 16 November, the Board of Kathmandu
Holdings (ASX/NZX: KMD) had meeting today. During that meeting the Board set
the increase in Earnings per Share growth target for the CEO Long Term
Incentive structure.
As stated previously because FY2015 is an unusually low measurement base the
Board has increased the Earnings per Share growth target from that stipulated
in the Notice of Meeting to ensure that there is an appropriate alignment
between Executive remuneration and shareholder value. The Earnings per Share
compound annual growth target (for full vesting of applicable equity) has
been set at 22.5% over the three year performance period, increased from 15%.
This compound growth rate equates to an 83.8% increase in Earnings per Share
over the three year performance period.
The Earnings per Share growth target required for vesting will be as follows:
COMPOUND AVERAGE ANNUAL GROWTH IN COMPANY'S EPS OVER THE RELEVANT PERFORMANCE
PERIOD / PERCENTAGE OF PERFORMANCE RIGHTS SUBJECT TO THE EPS GROWTH CONDITION
THAT WILL VEST
Less than 17.5% /0%
17.5% / 50%
18.5% / 60%
19.5% / 70%
20.5% / 80%
21.5% / 90%
22.5% /100%
Reuben Casey
Company Secretary
Investor enquiries to:
David Kirk
+61 2 9223 2344
Media enquiries to:
Helen McCombie - Citadel Magnus
+ 61 2 9290 3073
End CA:00273730 For:KMD Type:GENERAL Time:2015-11-19 12:44:37
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