Cairn Homes Plc Announces Director and PDMR Share Awards

Cairn Homes Plc disclosed several key share awards to top executives and a senior manager, granted as part of their long-term incentive plans. The announcement, made on April 15, 2024, outlined awards given under the company's 2024 Long Term Incentive Plan (2024 LTIP) and the Stretch CEO LTIP. Michael Stanley, CEO, received 401,448 shares under the 2024 LTIP, and significant additional shares totaling 3,158,844 as part of the final award under the Stretch CEO LTIP. Richard Ball, CFO, was awarded 472,292 shares, while Tara Grimley, Company Secretary, received 94,458 shares.

The awarded shares for each executive were based on the closing share price on Euronext Dublin as of April 9, 2024. These share allocations form part of a structured incentive system outlined in the company’s annual report, aiming to align the interests of the senior management with the long-term goals of Cairn Homes Plc.