Radius Care Implements Long Term Incentive Plan

Tuesday 19th July 2022

Radius Residential Care Limited (NZX: RAD ) (“Radius Care”) advises that the Board has approved a new Long-Term Incentive Plan (“LTI Plan”) as part of its retention and incentive arrangements for its Chief Executive Officer, Andrew Peskett and its Chief Financial Officer, Wendy Jenkins.

Participants in the LTI Plan will be granted share rights which will, subject to meeting performance and vesting criteria, entitle the participant to receive ordinary shares in Radius Care. A grant of 2,774,563 share rights has been made to Andrew Peskett and a grant of 1,387,281 share rights has been made to Wendy Jenkins under the LTI Plan.

The performance targets set by the Board for exercise of the share rights require the 10-day VWAP immediately prior to the third anniversary of the grant date of the share rights to be three times the 10-day VWAP immediately prior to the grant date for all the holder’s share rights to vest. Vesting of the share rights is also conditional on the continuous employment of the holder. Further details are set out in the Capital Change Notice filed with this announcement.

The LTI Plan will be extended to other employees in the future to align the interests of employees with the interests of Radius Care’s shareholders.

For further information, please contact:

Brien Cree

Executive Chair and Managing Director

Phone: +64 21 955 769

Email: brien.cree@radiuscare.co.nz

About Radius Care

Radius Residential Care Ltd was founded in 2003 and operates in the New Zealand aged care and retirement village sectors. It is a nationwide provider offering the full range of accommodation and care options giving residents the ability to "age in place". Today, Radius Care operates 23 aged care facilities, of which it owns 12 and leases 11. Four owned facilities also include retirement villages and Radius Care’s online shop sells specialist assisted-living products. The company employs over 1,600 people, including highly qualified healthcare staff who are committed to providing the very best in nursing care. Radius Care listed on NZX in December 2020. For more information visit radiuscare.co.nz or check out our Facebook page @RadiusCareNZ.

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