REG - Luceco PLC - Grant of Awards Under Performance Share Plan
04/04/2024 16:15
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RNS Number : 3891J Luceco PLC 04 April 2024
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 3 April 2024, been granted awards in the
form of nil-cost options over the number of ordinary shares of 0.05p 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 459,644
Will Hoy Chief Financial Officer 392,241
James Hall Corporate Development Director 76,242
Wayne Hill Managing Director - Europe 91,957
David Nix Director of Group Finance 77,456
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 2024 to 31 December 2026 for
the earnings per share performance conditions and for three years from the
date of grant for the total shareholder return performance condition. No
consideration was paid for any of the awards.
This notification is made in accordance with the requirements of the UK Market
Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Jonathan Hornby
2 Reason for the notification
a) Position/status PDMR, Chief Executive Officer
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 Ordinary shares of £0.0005 each
Identification code 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 under the Luceco Performance Share Plan 2017
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 459,644
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 3 April 2024
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Will Hoy
2 Reason for the notification
a) Position/status PDMR, Chief Financial Officer
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 Ordinary shares of £0.0005 each
Identification code 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 under the Luceco Performance Share Plan 2017
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 392,241
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 3 April 2024
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name James Hall
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 Ordinary shares of £0.0005 each
Identification code 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 under the Luceco Performance Share Plan 2017
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 76,242
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 3 April 2024
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Wayne Hill
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 Ordinary shares of £0.0005 each
Identification code 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 under the Luceco Performance Share Plan 2017
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 91,957
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 3 April 2024
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name David Nix
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 Ordinary shares of £0.0005 each
Identification code 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 under the Luceco Performance Share Plan 2017
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 77,456
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 3 April 2024
f) Place of the transaction Outside a trading venue (XOFF)
ENDS
For further information please contact:
Luceco plc via the Company Secretary, Link Company Matters
Will Hoy, Chief Financial Officer 033 3300 1950
Link Company Matters 033 3300 1950
Michael Conway
Paris Condon
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