Thruvision Group PLC Award of Share Options to Executive Director (2648Z)
10 January 2024 - 9:39PM
UK Regulatory
TIDMTHRU
RNS Number : 2648Z
Thruvision Group PLC
10 January 2024
10 January 2024
Thruvision Group plc
Award of Share Options to Executive Director
Thruvision Group plc (AIM: THRU), ("Thruvision" ) the leading
provider of walk-through security technology , announces that on 10
January 2024, Victoria Balchin (Chief Financial Officer) was
awarded options under the Company Long Term Incentive Plan
("LTIP").
On 10 January 2024 the following awards over ordinary shares of
1 pence in Thruvision Group plc were granted under the Thruvision
Group plc Long Term Incentive Plan to the Executive Director
detailed below.
Name Type of option No of shares Exercise Market Date of
award awarded price on Value on vesting
award award
Victoria EMI - Tax approved/ 1,000,000 GBP0.01 GBP187,500 10 January
Balchin UK unapproved 2027
-------------------- ------------- ---------- ----------- -----------
The award was granted pursuant to a separate Award Agreement
entered into between Thruvision Group plc and the Executive
Director noted in the table above.
The award (regardless of whether it was granted as an EMI award
or a non-tax advantaged award) will ordinarily become exercisable
on the third anniversary of grant, subject to the grantee's
continued service with Thruvision and will remain exercisable at
any point up until the tenth anniversary of the date of grant.
In total 2,950,000 awards were made over ordinary shares of 1
pence in Thruvision Group plc to 6 employees on 10 January 2024 to
retain and incentivise key members of the senior leadership team,
with particular attention on recent hires to the organisation.
The notification in Appendix 1 to this announcement, made in
accordance with the requirements of the Market Abuse Regulation,
provides further detail:
For further information please contact:
Thruvision Group plc
Colin Evans, Chief Executive
Victoria Balchin, Chief Financial
Officer +44 (0)1235 425400
Investec Investment Banking (NOMAD
& Broker)
James Rudd / Patrick Robb / Sebastian
Lawrence +44 (0)20 7597 5970
Meare Consulting
Adrian Duffield +44 (0) 7990 858548
About Thruvision ( www.thruvision.com)
Thruvision is the leading developer, manufacturer and supplier
of walk-through security technology. Its technology is deployed in
more than 20 countries around the world by government and
commercial organisationsin a wide range of security situations,
where large numbers of people need to be screened quickly, safely
and efficiently. Thruvision's patented technology is uniquely
capable of detecting concealed objects in real time using an
advanced AI-based detection algorithm. The Group's offices are near
Oxford and Washington DC
Appendix 1
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Victoria Balchin
----------------------------------------- --------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------------------
(a) Position/status Chief Financial Officer
----------------------------------------- --------------------------------------------------
(b) Initial notification/ Initial notification
Amendment
----------------------------------------- --------------------------------------------------
3. Details of the issuer
---------------------------------------------------------------------------------------------
(a) Name Thruvision Group plc
----------------------------------------- --------------------------------------------------
(b) LEI 213800IZG9GM6G2TZE04
----------------------------------------- --------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------------------------
(a) Description of the Ordinary shares of GBP0.01 each in Thruvision
Financial Instrument Group plc
----------------------------------------- --------------------------------------------------
(b) Identification code GB00B627R876
of the Financial
Instrument
----------------------------------------- --------------------------------------------------
(c) Nature of the transaction Entry into an Award Agreement pursuant
to which a tax advantaged Enterprise
Management Incentive Award was granted
over 285,866 Ordinary Shares of 1 pence
each in Thruvision Group plc and a non-tax
advantaged option award over 714,134
Ordinary Shares of 1 pence each in Thruvision
Group plc.
The award was granted with an option
price of GBP0.01 per share and will
ordinarily become exercisable three
years from the date of grant, subject
to the grantee's continued service,
and once exercisable may be exercised
at any point up until the tenth anniversary
of the date of grant.
----------------------------------------- --------------------------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
------------------------ ------------------------
nil 1,000,000
------------------------------------------------------------------------ ------------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
--------------------------------------------------
(f) Date of the transaction 10 January 2024
----------------------------------------- --------------------------------------------------
(g) Place of the transaction Outside a trading venue
----------------------------------------- --------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLFVILTIILIS
(END) Dow Jones Newswires
January 10, 2024 05:39 ET (10:39 GMT)
Thruvision (AQSE:THRU.GB)
Historical Stock Chart
From Nov 2024 to Dec 2024
Thruvision (AQSE:THRU.GB)
Historical Stock Chart
From Dec 2023 to Dec 2024