REG - Dialight PLC - Director/PDMR Shareholding

DialightAnnouncement

25/03/2026 09:45

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RNS Number : 0797Y  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/
(http://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                                               350 units

      -   aggregated volume

      -   price (pence)
 (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                                               350 units

      -   aggregated volume

      -   price (pence)
 (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                                               250 units

      -   aggregated volume

      -   price (pence)
 (e)  Date of the transaction                                              24 March 2026
 (f)  Place of the transaction                                             Outside a trading venue

 

Contacts:

Dialight plc

Tel: +44 (0) 203 058 3525

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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