Director/PDMR Shareholding

Dialight PLC

25 March 2026

 

Dialight PLC

25 March 2026

Director / PDMR Shareholding

Grant of units under the Dialight plc (Dialight) 2024 Value Creation Plan (VCP)

At Dialight's 2024 AGM a resolution was passed approving the creation of the VCP.  A copy of the VCP rules (VCP Rules) is available at www.dialight.com/ir/shareholder-information/general-meetings/.

On 23 March 2026, Neil Johnson (Executive Chair) and Steve Blair (CEO) were each granted an additional 15 units in the VCP (Units) at a share hurdle price of 350p/share (the Hurdle Price) in accordance with the VCP Rules.  8 Units awarded to each recipient will have a performance testing period ending on 31 March 2027 and 7 Units awarded to each recipient will have a performance testing period ending on 31 March 2028, taking the total units awarded under the plan to 350 Units each, the maximum allocation under the VCP Rules. No further awards will therefore be granted to either Mr Johnson or Mr Blair.  

Mark Fryer (CFO) was granted an additional 80 units in the VCP (Units) at a share hurdle price of 350p/share (the Hurdle Price) in accordance with the VCP Rules.  40 Units will have a performance testing period ending on 31 March 2027 and 40 Units will have a performance testing period ending on 31 March 2028, taking Mr Fryer's total award under the plan to 250 Units.

The grant of the additional awards reflects the significant contribution of Neil, Steve and Mark in the turnaround of the Company and is intended to ensure their ongoing alignment with shareholders' long-term interests and commitment to Dialight.  At this stage, it is not anticipated that any further VCP awards will be made.

Performance against the Hurdle Price (as may be adjusted under the VCP Rules) will be tested at the end of each of the performance periods and share options granted to the recipient in proportion to the extent to which the Hurdle Price has been exceeded.  Any share options granted (or shares issued on exercise of such options) will ordinarily be required to be held for a further 2 years (subject to the VCP Rules) and are subject to malus and clawback provisions.

A nominal £1 will be paid by all recipients in consideration of the grant of the Units.

1.	DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED:
(a)	Name	Neil Johnson
2.	REASON FOR THE NOTIFICATION:
(a)	Position / Status	Director - Group Chair
(b)	Initial notification / amendment	Initial notification
3.	DETAILS OF THE ISSUER, EMISSION ALLOWANCE MARKET PARTICIPANT, AUCTION PLATFORM, AUCTIONEER OR AUCTION MONITOR:
(a)	Name	Dialight plc
(b)	LEI	2138001AD31KKD29Z495
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	VCP Units entitling recipient to the grant of options over ordinary shares of 1.89 pence each in Dialight plc in the event that certain performance conditions are met.
	Identification code	GB0033057794
(b)	Nature of the transaction	Grant of VCP Units awards entitling recipient to the issue of share options in Dialight plc under the Dialight PLC 2024 Value Creation Plan.
(c)	Price (pence) and volume	Price(s):	N/A	Volume(s):	15 Units
(d)	Aggregated information -   aggregated volume -   price (pence)	350 units
(e)	Date of the transaction	24 March 2026
(f)	Place of the transaction	Outside a trading venue

1.	DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED:
(a)	Name	Steve Blair
2.	REASON FOR THE NOTIFICATION:
(a)	Position / Status	Director - Group CEO
(b)	Initial notification / amendment	Initial notification
3.	DETAILS OF THE ISSUER, EMISSION ALLOWANCE MARKET PARTICIPANT, AUCTION PLATFORM, AUCTIONEER OR AUCTION MONITOR:
(a)	Name	Dialight plc
(b)	LEI	2138001AD31KKD29Z495
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	VCP Units entitling recipient to the grant of options over ordinary shares of 1.89 pence each in Dialight plc in the event that certain performance conditions are met.
	Identification code	GB0033057794
(b)	Nature of the transaction	Grant of VCP Units awards entitling recipient to the issue of share options in Dialight plc under the Dialight PLC 2024 Value Creation Plan.
(c)	Price (pence) and volume	Price(s):	N/A	Volume(s):	15 Units
(d)	Aggregated information -   aggregated volume -   price (pence)	350 units
(e)	Date of the transaction	24 March 2026
(f)	Place of the transaction	Outside a trading venue

1.	DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED:
(a)	Name	Mark Fryer
2.	REASON FOR THE NOTIFICATION:
(a)	Position / Status	Director - Group CFO
(b)	Initial notification / amendment	Initial notification
3.	DETAILS OF THE ISSUER, EMISSION ALLOWANCE MARKET PARTICIPANT, AUCTION PLATFORM, AUCTIONEER OR AUCTION MONITOR:
(a)	Name	Dialight plc
(b)	LEI	2138001AD31KKD29Z495
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	VCP Units entitling recipient to the grant of options over ordinary shares of 1.89 pence each in Dialight plc in the event that certain performance conditions are met.
	Identification code	GB0033057794
(b)	Nature of the transaction	Grant of VCP Units awards entitling recipient to the issue of share options in Dialight plc under the Dialight PLC 2024 Value Creation Plan.
(c)	Price (pence) and volume	Price(s):	N/A	Volume(s):	80 Units
(d)	Aggregated information -   aggregated volume -   price (pence)	250 units
(e)	Date of the transaction	24 March 2026
(f)	Place of the transaction	Outside a trading venue

Contacts: 

Dialight plc

Tel: [phone]

Laura Walker -Company Secretary

LEI: 2138001AD31KKD29Z495

About Dialight:

Dialight (LSE: DIA.L) is a global leader in sustainable LED lighting for industrial applications. Dialight's LED products are providing the next generation of lighting solutions that deliver reduced energy consumption and create a safer working environment. Our products are specifically designed to provide superior operational performance, reliability and durability, reducing energy consumption and ongoing maintenance and achieving a rapid return on investment. The company is headquartered in the UK with operations in Australia, Dubai, Germany, Malaysia, Mexico, Singapore, the UK and the USA. www.dialight.com.

 

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