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LUCE - Luceco News Story

305p 12.0  4.1%

Last Trade - 4:35pm

Sector
Industrials
Size
Mid Cap
Market Cap £471.1m
Enterprise Value £489.4m
Revenue £176.2m
Position in Universe 614th / 1820

Luceco PLC - Employee Benefit Trust Share Purchase

Mon 1st February, 2021 11:35am
RNS Number : 5619N
Luceco PLC
01 February 2021
 

LUCECO PLC (the "Company")

 

Luceco plc confirms that on 29 January 2021, Apex Financial Services (Trust Company) Limited, acting as trustee of the Luceco plc Employee Benefit Trust (the "EBT"), purchased in the market a total of 65,458 Ordinary shares of nominal value 0.05 pence each in the capital of the Company at a price of £2.60 per share.

Immediately following settlement of the above transaction, the EBT will hold 6,757,894 Ordinary shares, representing 4.203% of the Company's issued share capital with voting rights. All shares held by the EBT will ultimately be used to satisfy share awards and options granted under the Company's various share incentive arrangements. 

The Executive Directors and Persons Discharging Managerial Responsibility of the Company, together with other employees, are included in the potential beneficiaries of the EBT and are therefore treated as having an interest in some of those shares and the dealings thereof.

The Company's issued ordinary share capital consists of 160,800,000 Ordinary shares of 0.05 pence each.

 

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