- Release Date: 19/11/15 12:44
- Summary: GENERAL: KMD: KMD - Kathmandu CEO Remuneration
- Price Sensitive: No
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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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