Luceco PLC Director/PDMR Shareholding (2517T)
16 July 2020 - 9:50PM
UK Regulatory
TIDMLUCE
RNS Number : 2517T
Luceco PLC
16 July 2020
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 has, on 14 July 2020, 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
subject to
award
John Hornby Chief Executive Officer 329,736
-------------------------------- -----------------
Matt Webb Chief Financial Officer 282,631
-------------------------------- -----------------
Wayne Hill Managing Director - Europe 103,631
-------------------------------- -----------------
David Nix Director of Group Finance 87,144
-------------------------------- -----------------
James Hall Corporate Development Director 85,750
-------------------------------- -----------------
In addition each PDMR has been awarded a linked tax qualifying
option over 27,440 shares at an exercise price of GBP1.0933. 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 continued employment and 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 2020 to 31 December 2022. No
consideration was paid for any of the awards.
This notification is made under Article 19.1 and in accordance
with Article 19.3 of the Market Abuse Regulation 2015.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name 1. John Hornby
2. Matt Webb
3. Wayne Hill
4. David Nix
5. James Hall
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 Grant of awards in the form of nil-cost options over ordinary shares of
0.05 pence in the
Company
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 1. 329,736
2. Nil 2. 282,631
3. Nil 3. 103,631
4. Nil 4. 87,144
5. Nil 5. 85,750
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 2020-07-14
f) Place of the transaction Outside a trading venue (XOFF)
ENDS
For further information contact Matt Webb, Chief Financial
Officer 01952 238180
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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