Announcements and Alerts

Email Alerts

Following the recent announcement in relation to the termination of employment of former Executive Director Nick Rowles-Davies, his performance related shareholding did not vest. That benefit comprised 4,917,464 shares held through LCM’s Joint Share Ownership Plan (“JSOP”).

These JSOP awards are held by the LCM Employee Benefit Trust (“EBT”), and were due to vest 19 December 2021 subject to continued employment and performance conditions including a share price target of 175 pence being achieved at any time during the vesting period. The JSOP award was subject to malus and clawback provisions. Although the JSOP awards did not vest by reason of the termination of employment for cause, the awards had not vested at the date of termination due to the share price of LCM not trading at 175 pence at any point during the vesting period.

The awards remain held in the EBT.


ASX Archives

To reference ASX Announcements, please click on the button below. To access ASX Announcements released prior to those listed here, please refer to the ASX website (ASX code LCA).

See ASX Announcements


Level 12, The Chifley Tower,
2 Chifley Square
Sydney NSW 2000
T +61 2 8098 1390


Level 50,
120 Collins Street
Melbourne 3000 VIC
T +61 418 815 863


T +61 7 3012 6478


Bridge House
181 Queen Victoria Street
London EC4V 4EG
T +44 203 955 5260


Marina Bay Financial Centre
Tower 1, Level 11
8 Marina Boulevard
Singapore 018981
T +65 6653 4192