REG - Dialight PLC - Director/PDMR Shareholding

DialightAnnouncement

19/03/2025 15:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250319:nRSS3523Ba&default-theme=true

RNS Number : 3523B  Dialight PLC  19 March 2025

Dialight PLC

19 March 2025

 

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/
(http://www.dialight.com/ir/shareholder-information/general-meetings/) .

 

On 19 March 2025, Neil Johnson (Chair) and Steve Blair (CEO) were each granted
335 units in the VCP (Units) at a share hurdle price of 350p/share (the Hurdle
Price) in accordance with the VCP Rules.  167 Units awarded to each
recipient will have a performance testing period from 1 April 2024 to 31 March
2027 and 168 Units awarded to each recipient will have a performance testing
period from 1 April 2024 to 31 March 2028.

 

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 each of the recipients in consideration of the
grant of the Units.

 

As previously announced, Neil Johnson currently holds 97,393 shares in
Dialight and Steve Blair currently holds 88,483 shares in Dialight.  Both
Recipients have met the shareholding requirement (i.e. the holding of not less
than £150,000 worth of Dialight shares, calculated as at the relevant
purchase dates) to qualify as participants in the VCP.

 

 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):            335 Units
 (d)  Aggregated information                                               Not applicable - single transaction

      -   aggregated volume

      -   price (pence)
 (e)  Date of the transaction                                              19 March 2025
 (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):            335 Units
 (d)  Aggregated information                                               Not applicable - single transaction

      -   aggregated volume

      -   price (pence)
 (e)  Date of the transaction                                              19 March 2025
 (f)  Place of the transaction                                             Outside a trading venue

 

 

 

Contacts:

Dialight plc

Tel: +44 (0) 7740 882227

Richard Allan - General Counsel & Company Secretary

 

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.

 

Notes:

The person responsible for making this announcement is Richard Allan, General
Counsel & Company Secretary of Dialight plc

 

 

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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGPUCWWUPAGAB