Flowtech Fluidpower plc, the UK s leading specialist supplier of technical fluid power products, announces the implementation of a new Long Term Incentive Plan ( LTIP ) together with an initial grant under the LTIP to the executive directors.
The LTIP has been established to incentivise management to deliver long-term value creation for shareholders and ensure alignment with shareholder interests.
Existing Management Incentive Plan and new Long Term Incentive Plan
The existing Management Incentive Plan ( MIP ) which has been in place since IPO, in May 2014, was implemented around the Company s then growth strategy, with awards that were designed to match management s business objectives. The only other grant of options made under the MIP was in June 2016. No further awards will be made under the MIP.