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Director Deals - (DX.) | 5 March 2021 | Stock Market Wire stockmarketwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockmarketwire.com Daily Mail and Mail on Sunday newspapers.
DIRECTOR DEALINGS: North Atlantic Smaller Cos Sells Augean shares lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
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DX, a leading provider of delivery solutions, including parcel freight, secure courier, 2-Man and logistics services, reports an amendment (the Amendment ) to the Company s Performance Share Plan ( PSP ) established in December 2017 for directors and certain senior management of the Company ( Participants ).
The Amendment aims to retain the 38 Participants in the PSP for a further four years from the first vesting date of December 2021 by amending the PSP agreement so as to introduce a further three-year period of retention (the Retention Period ) for each tranche of Recovery Awards following their anticipated vesting in December 2021 and December 2022. In consideration of this Retention Period, the Company will pay the Employers National Insurance Contribution ( NIC ) liability for a share price up to 40p and not seek reimbursement as required under the current arrangements. The maximum amount payable by the Company p ....