What incentive is there for Pizza Pizza Limited to maximize the Fund’s growth and performance?
The interests of PPL management and Unitholders are closely aligned. Exceptional performance of the Fund is beneficial to both Unitholders and PPL. PPL currently owns, through securities exchangeable into units of the Fund, a 20% interest in the Fund. To further align the relationship between the Fund and PPL, management of PPL will participate in an incentive program. Incentive program rewards will be determined based on the achievement of targets for new restaurants openings. The incentive plan entitles PPL management to earn up to 15% of the value of the additional units of the Fund that PPL is entitle to receive upon this exchange. All costs related to the plan will be incurred by PPL, not the Fund. This incentive program ensures that the interests of PPL management and Unitholders are closely aligned.
