Director/PDMR Shareholding

RNS Number : 5109F

Luceco PLC

21 February 2018

 

LUCECO PLC (THE "COMPANY")

GRANT OF AWARDS UNDER LUCECO 2017 PERFORMANCE SHARE PLAN

The Company announces that Matthew Webb, 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 364,520 ordinary shares of 0.05 pence in the Company.

In addition Mr Webb has been awarded a linked tax qualifying option over 36,452 shares at an exercise price of 82.3 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 Webb 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 over the performance period, which runs from 1 January 2018 to 31 December 2020. 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	Matt Webb
2	Reason for the notification
a)	Position/status	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 instrument, type of instrument Identification code	Ordinary shares of £0.0005 each   ISIN: GB00BZC0LP49
b)	Nature of transaction	An award of Ordinary Shares made under the Luceco PLC Performance Share Plan ("PSP") on 11 March 2018.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.   82.3 pence	1.   364,520
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single transaction)
e)	Date of the transaction	19 February 2018
f)	Place of the transaction	Outside a trading venue

Further enquiries:

For further information, please contact

Luceco plc John Hornby, Chief Executive Officer	via MHP Communications 020 3128 8100
MHP Communications Tim Rowntree James White Ollie Hoare	020 3128 8100

 

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