Luceco PLC Director/PDMR Shareholding (0317L)
20 December 2018 - 3:47AM
UK Regulatory
TIDMLUCE
RNS Number : 0317L
Luceco PLC
19 December 2018
LUCECO PLC (THE "COMPANY")
AWARDS UNDER LUCECO 2017 PERFORMANCE SHARE PLAN
Grant of an award to David Nix
The Company announces that David Nix, a Person Discharging
Managerial Responsibility, has been granted an award under the
Luceco 2017 Performance Share Plan (the "PSP").
The award is in the form of a nil-cost option over 263,042
ordinary shares of 0.05 pence in the Company.
In addition Mr Nix has been awarded a linked tax qualifying
option over 78,912 shares at an exercise price of 38.00 pence. 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 Mr Nix will not receive a
greater number of shares than is subject to the nil-cost
option.
The award will vest subject to the satisfaction of performance
conditions measuring the Company's earnings per share and total
shareholder return performance. Earnings per share will be measured
over the three financial years from 1 January 2018 to 31 December
2020. Total shareholder return will be measured over the three year
period from 17 December 2018 to 17 December 2021. No consideration
was paid for the award.
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 David Nix
2 Reason for the notification
a) Position/status Director of Group Finance
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
instrument, type of instrument
GB00BZC0LP49
Identification code
b) Nature of transaction An award of Ordinary Shares made under the Luceco PLC Performance Share
Plan ("PSP") on 17
December 2018 in the form of 1) a nil-cost option and 2) a linked tax
qualifying option
c) Price(s) and volume(s) Price(s) Volume(s)
1: nil 1: 263,042
2: GBP0.38 2: 78,912
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 17/12/2018
f) Place of the transaction Outside a trading venue (XOFF)
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.
END
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