Thruvision Group PLC Award of Share Options to Executive Director
18 November 2024 - 9:50PM
RNS Regulatory News
RNS Number : 6300M
Thruvision Group PLC
18 November 2024
18 November 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 18 November
2024, Victoria Balchin (Chief Financial Officer) was awarded
options under the Company Long Term Incentive Plan ("LTIP").
On 18 November 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 award
|
No of shares
awarded
|
Exercise price on
award
|
Market Value on
award
|
Date of
vesting
|
|
Victoria Balchin
|
UK unapproved
|
1,000,000
|
£0.01
|
£100,000
|
18
November
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 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 addition, the vesting of the award is subject to the
achievement of performance conditions relating to the strategic and
financial objectives of the Group.
In total 3,050,000 awards were made
over ordinary shares of 1 pence in
Thruvision Group plc to 14 employees on 18 November 2024 to retain
and incentivise key members of the senior leadership
team.
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
Tom Black, Executive
Chairman
Victoria Balchin, Chief Financial
Officer
|
+44 (0)1235 425400
|
|
|
|
|
Investec Investment Banking (NOMAD &
Broker)
James Rudd / Patrick Robb
|
+44 (0)20 7597 5970
|
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/
Amendment
|
Initial notification
|
|
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 Financial
Instrument
|
Ordinary shares of £0.01 each in
Thruvision Group plc
|
|
(b)
|
Identification code of the Financial
Instrument
|
GB00B627R876
|
|
(c)
|
Nature of the transaction
|
Entry into an Award Agreement
pursuant to which a non-tax advantaged option award was granted
over 1,000,000 Ordinary Shares of 1 pence each in Thruvision Group
plc.
The award was granted with an option
price of £0.01 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
-
Aggregated volume
-
Price
|
N/A
|
|
(f)
|
Date of the transaction
|
18 November 2024
|
|
(g)
|
Place of the transaction
|
Outside a trading venue
|
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