Midwich (GB:MIDW) has released an update.
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Midwich Group PLC, a global audiovisual distributor, has granted 165,714 options over ordinary shares to Stephen Lamb, the Group Finance Director, as part of its 2016 Long Term Incentive Plan. These options, tied to performance conditions focused on profitability growth, are set to vest in 2027, with a portion of them subject to a two-year holding period post-vesting. This move reflects Midwich’s commitment to rewarding leadership and aligning executive incentives with company performance.
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