Modern Dental Group Limited (Modern Dental) has approved a new Share Award Scheme, effective 26 March 2026, to strengthen talent retention and align employee incentives with long-term corporate growth.
Key parameters • Ten-year term: The scheme runs from the adoption date through 25 March 2036 unless terminated or renewed earlier by the board.
• Award pool: Grants are capped at 10% of Modern Dental’s total issued share capital (excluding any treasury shares) as of 26 March 2026.
• Funding source: Shares for awards will be acquired on-market or off-market by an independent trustee using company-provided funds; no new shares will be issued. Consequently, the arrangement falls outside Chapter 17 “share schemes” rules and is governed solely by Listing Rule 17.12, requiring no shareholder approval.
Eligibility and governance • Participants: Any full- or part-time employee, other than those specifically excluded for regulatory reasons, whom the board deems to have contributed or capable of contributing to the Group.
• Approvals: – Awards to directors or senior management require prior Remuneration Committee consent. – Awards to any connected person must be cleared by the independent non-executive directors. – If cumulative awards to an individual exceed 1% of issued shares within any 12-month period, additional Remuneration Committee approval is mandatory.
Award mechanics • Vesting conditions and performance targets are set case-by-case by the board. • Selected employees must accept an award within ten business days of notice. • Shares plus associated distributions vest within ten business days after all conditions are met and any acquisition of shares by the trustee is completed.
Forfeiture triggers Awards lapse on resignation, dismissal for cause, breach of conduct, criminal offences, or corporate winding-up, among other stipulated events. In cases of retirement, redundancy, or work-related disability, shares vest immediately prior to cessation of employment.
Termination provisions The board can terminate the scheme at any time; outstanding awards remain governed by existing terms. Unawarded shares or unutilised funds held by the trustee on termination will be sold or returned to the company, or transferred to other share schemes, within 21 business days subject to board instructions.
Regulatory compliance Awards are restricted during periods when the company possesses unpublished inside information or when directors are prohibited from dealing under the Listing Rules. Neither the trustee nor award holders may exercise voting rights before vesting.
By consolidating up to 10% of outstanding equity under a structured, performance-linked programme, Modern Dental positions itself to reinforce staff commitment and support long-term strategic objectives without diluting existing shareholders.
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