Luceco PLC Director/PDMR Shareholding (5729G)
30 May 2017 - 8:53PM
UK Regulatory
TIDMLUCE
RNS Number : 5729G
Luceco PLC
30 May 2017
LUCECO PLC (THE "COMPANY")
GRANT OF AWARDS UNDER PERFORMANCE SHARE PLAN
The Company announces that awards have been granted to the
following Persons Discharging Managerial Responsibility ("PDMRs")
under the Luceco 2017 Performance Share Plan ("PSP"), which was
approved by shareholders at the Company's AGM held on 25 May
2017.
Each of the following PDMRs have been granted awards in the form
of nil-cost options over the number of ordinary shares of 0.05
pence in the Company under the terms of the PSP as set out
below:
PDMR Role Number of shares
awarded
--------------- ------------------------------ -----------------
John Hornby Chief Executive Officer 140,959
--------------- ------------------------------ -----------------
David Main Chief Financial Officer 70,479
--------------- ------------------------------ -----------------
Wayne Hill Group Commerical Director 35,240
--------------- ------------------------------ -----------------
Ian Pritchard Company Secretary 23,645
--------------- ------------------------------ -----------------
John Williams Group Specification Director 25,373
--------------- ------------------------------ -----------------
In addition each PDMR has been awarded a linked tax qualifying
option over 12,082 shares at an exercise price of GBP2.483. On
exercise the number of shares under the nil-cost option will be
reduced proportionally to take account of any gain on the exercise
of the tax qualifying option such that the PDMR will not receive a
greater number of shares than is subject to the nil-cost
option.
The awards will vest subject to the satisfaction of performance
conditions measuring the Company's earnings per share and total
shareholder return performance. The extent to which awards will
vest will depend on the extent to which the performance conditions
are satisfied over the performance period, which runs from 1
January 2017 to 31 December 2019. No consideration was paid for any
of the awards
This notification is made in accordance with the Market Abuse
Regulation ("MAR"). Template notifications required by the MAR are
attached to this announcement.
1 Details of the person discharging managerial responsibilities/person closely associated
------------------------------------------------------------------------------------------------------------------
a) Name 1. John Hornby
2. David Main
3. Wayne Hill
4. Ian Pritchard
5. John Williams
------------------------------------ ----------------------------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status 1. PDMR
2. PDMR
3. PDMR
4. PDMR
5. PDMR
------------------------------------ ----------------------------------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------ ----------------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------------------
a) Name Luceco PLC
------------------------------------ ----------------------------------------------------------------------------
b) LEI 213800BBFZK4W4P98U76
------------------------------------ ----------------------------------------------------------------------------
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 financial Ordinary shares of GBP0.0005 each
instrument, type of instrument ISIN: GB00BZC0LP49
Identification code
------------------------------------ ----------------------------------------------------------------------------
b) Nature of transaction 1,2,3,4 and 5 - An award of Ordinary Shares made under the Luceco PLC
Performance Share Plan
("PSP") on 25 May 2017.
------------------------------------ ----------------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------ ------------------------------------- -------------------------------------
1. GBP2.483 1. 140,959
2. GBP2.483 2. 70,479
3. GBP2.483 3. 35,240
4. GBP2.483 4. 23,645
5. GBP2.483 5. 25,373
------------------------------------ ------------------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
------------------------------------ ----------------------------------------------------------------------------
e) Date of the transaction 25 May 2017
------------------------------------ ----------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------ ----------------------------------------------------------------------------
ENDS
For further information, contact David Main, Chief Financial
Officer 01952 238100
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBGGDUDUXBGRG
(END) Dow Jones Newswires
May 30, 2017 06:53 ET (10:53 GMT)
Luceco (LSE:LUCE)
Historical Stock Chart
From Apr 2024 to May 2024
Luceco (LSE:LUCE)
Historical Stock Chart
From May 2023 to May 2024
