James Cropper

Under the Deferred Bonus Share Plan 2023, James Cropper has granted stock options to CEO David Stirling (16,825 shares), finance and operations director Andrew Goody (9,033) and Paul Barber (2,052) at a measurement price of 384.6 pence per ordinary share. The options relate to payments from the Annual Incentive Plan for the year ending 28 March 2026 and are exercisable between the third and tenth anniversary of grant; dividend equivalents will accrue during the deferral period. The remuneration committee aims to limit dilution from all share plans to a maximum of 10% over a ten-year period. » Plus sur de.investing.com

James Cropper granted four executives nil-cost options over ordinary shares at an exercise price of 445 pence per share. CEO David Stirling received 121,181 options; further awards were made to Andrew Goody, Paul Barber and Matt Ratcliffe. Options may be exercised between the third and tenth anniversary of grant and are conditional on performance targets for adjusted EBITDA and total shareholder return in the 2026/27 to 2028/29 financial years. Minimum and maximum targets for EBITDA and TSR and a dilution cap of 10% over 10 years have been set, and the remuneration committee may make adjustments. » Plus sur de.investing.com

James Cropper has agreed a new factoring facility of up to £15m with a minimum three‑year term to fund working capital and will use this facility and cash resources to repay £7.1m of an existing UK bank loan. The remaining loan will be repaid in reduced quarterly instalments through March 2030, and the US bank loan has been extended by 12 months (final instalment of $3.2m in Dec. 2027). The company will make a one‑off £0.6m payment into performance‑related pension plans, adjust the contribution schedule and bring forward the next actuarial valuation to March 2027. HSBC Invoice Finance supported the financing structure; the CFO expects net debt at 28 March 2026 to be below 1.0x adjusted EBITDA. » Plus sur de.investing.com