Sprue Aegis (SPRP) – new CEO joins the board
The creator of patented smoke and CO alarms Sprue Aegis has had a busy few months, with many announcements and updates of which we have covered the highlights in our blog. Today the Group have released a further two announcements.
Firstly that CEO Neil Smith, who was appointed as CEO in January 2015, has joined the Sprue Aegis board with immediate effect. Secondly it has been reported that yesterday the Board approved the 2015 long term incentive plan and the initial grant of awards of nil cost options that vest following a performance period of three years and are subject to the achievement of total Sprue shareholder return targets. The 2015 LTIP is designed to retain and incentive senior members of the management team over the long term to drive shareholder value. However, rather confusingly the plans were not announced…