REG - Luceco PLC - Director/PDMR Shareholding

LucecoAnnouncement

29/03/2021 10:10

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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