Information  X 
Enter a valid email address

Luceco PLC (LUCE)

  Print      Mail a friend

Thursday 16 July, 2020

Luceco PLC

Director/PDMR Shareholding

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 £1.0933. 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 instrument, type of instrument

Identification code

Ordinary shares of £0.0005 each

 ISIN: GB00BZC0LP49

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

2.  Nil

3.  Nil

4.  Nil

5.  Nil

 

1.  329,736

2.  282,631

3.  103,631

4.  87,144

5.  85,750

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

 N/A (Single transaction)

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 [email protected] or visit www.rns.com.
 
END
 
 
DSHBBGDRRSBDGGL

a d v e r t i s e m e n t