London Stock Exchange grants awards over shares to CFO Anna Manz
Following the commencement of her employment as Chief Financial Officer of London Stock Exchange Group plc on November 21, 2020, Anna Manz was granted awards over shares in the company on November 24, 2020.
In line with LSEG’s approved Remuneration Policy, the company agreed to make the awards to compensate Ms Manz for certain incentive arrangements which she forfeited or was otherwise not awarded on leaving her former employer to join LSEG.
The Awards comprise:
- A conditional award under the Company’s Restricted Share Award Plan 2018 over 3,762 shares with a face value of £296,596 (the “RSAP Award”).
The RSAP Award will be subject to the same performance conditions as applied to the forfeited award at Ms Manz’s previous employer, Johnson Matthey, and the value at vesting will be based on the performance of Johnson Matthey and LSEG’s share price performance. The shares subject to the RSAP Award will vest in three equal tranches (replicating the terms of the forfeited award) on 1 August 2022, 1 August 2023 and 1 August 2024.
- A performance share award in the form of a nil-cost option under LSEG’s Long Term Incentive Plan 2014 over 11,719 shares with a face value of £923,925 (the “LTIP Award”).
The LTIP Award will be subject to performance conditions linked to LSG’s performance over the 2021-23 financial years and after exercise and selling sufficient shares to settle taxes and associated dealing costs, the net balance of shares will be subject to a holding period until 1 August 2025, replicating the terms of the award being replaced.
Anna Manz was appointed Group CFO in November 2020. Prior to this, Anna Manz was Chief Financial Officer and Executive Director of Johnson Matthey plc from 2016 to 2020, leading its Finance, Procurement and IT functions. Before joining Johnson Matthey plc, she spent 17 years at Diageo plc in a number of senior finance roles, including most recently as Chief Strategy Officer and member of the Executive Committee, and previously Finance Director of Spirits North America, Group Treasurer and Finance Director Asia Pacific.