Liontrust Asset Management is to seek approval for a further extension of its bonus scheme – the Liontrust Senior Incentive Plan – at its annual general meeting.
The asset manager is seeking to increase the number of shares it can issue to 7.5 million to reward the likes of former Walker Crips Asset Management managers Stephen Bailey, Jan Luthman and Jamie Clarke.
“The purpose of the proposed awards is to address the lack of equity incentivisation for the Fund Managers and thereby closely align their interests with those of shareholders,” the AGM circular reveals.
“The increase will also create some headroom for future grants to executives of the company (excluding the executive directors).”
It adds: “Although the sensitivities of addressing fund manager remuneration at this current stage of the company’s development are acknowledged, this needs to be balanced with the strategic risks of failing to retain key fund managers and key executives, who are important to driving shareholder value.”