Netcall Launches 2024 Long-Term Incentive Plan to Drive Stakeholder Value

2 min read | December 31, 2024 03:36 AM EST | By Team Kalkine Media

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Netcall Launches 2024 Long-Term Incentive Plan to Drive Stakeholder Value — Image source: shutterstock

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Highlights

Netcall introduces the 2024 LTIP to align executive leadership, senior management, and employees with shareholder objectives.

Performance-based share options granted with targets ranging from £1.06 to £2.40 in share price over the vesting period.

A total of 5.3 million shares under option granted, representing 3.2% of the company's issued share capital.

Netcall plc (LSE:NET), a prominent provider of intelligent automation and customer engagement software, has announced the launch of its 2024 Long-Term Incentive Plan (LTIP) and the granting of awards under the scheme. The initiative aims to incentivize executive board members, senior management, and employees by aligning their interests with those of the company’s shareholders while driving long-term value creation.

The newly established 2024 LTIP enables participants to receive nominal-cost share options tied to the achievement of specific performance criteria. These measures have been carefully designed to encourage sustained growth and operational excellence.

On December 30, 2024, the company granted share options over ordinary shares of 5p each to certain directors under the LTIP framework. These options come with an exercise price of 5 pence and can be exercised starting December 30, 2026, through June 30, 2032. Vesting and performance criteria include achieving key share price milestones, ranging from an average share price of £1.06 to a maximum of £2.40, measured over 50 business days. Additionally, other corporate performance metrics and a two-year post-vesting lock-in period apply.

Netcall emphasized that this equity-based incentive program underscores its commitment to aligning participant objectives with shareholder interests. By linking rewards to the company’s financial and operational success, the LTIP seeks to create long-term value for all stakeholders.

The total number of ordinary shares under option granted to directors is 5.3 million, equivalent to approximately 3.2% of Netcall’s current issued share capital. These options represent a significant step towards fostering a culture of shared success and accountability among the company’s leadership and employees.

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