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LUCE - Luceco News Story

322p -3.0  -0.9%

Last Trade - 07/05/21

Sector
Industrials
Size
Mid Cap
Market Cap £517.8m
Enterprise Value £536.1m
Revenue £176.2m
Position in Universe 602nd / 1821

Luceco PLC - Director/PDMR Shareholding

Mon 29th March, 2021 10:08am
RNS Number : 7898T
Luceco PLC
29 March 2021
 

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 26 March 2021, 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

 135,347

Matt Webb

Chief Financial Officer

 116,025

James Hall

Corporate Development Director 

 35,210

Wayne Hill

Managing Director - Europe

 42,539

David Nix

Director of Group Finance

 35,769

 

 

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 2021 to 31 December 2023. 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.   James Hall

4.   Wayne Hill

5.   David Nix

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.   135,347

2.   116,025

3.   35,210

4.   42,539

5.   35,769

d)

Aggregated information

-      Aggregated volume

-      Price

 

 N/A (Single transaction)

e)

Date of the transaction

2021-03-26

f)

Place of the transaction

Outside a trading venue (XOFF)


 

ENDS

 

For further information contact Matt Webb, Chief Financial Officer 01952 238180

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