REG - Luceco PLC - Replacement Director/PDMR Shareholding <Origin Href="QuoteRef">LUCEL.L</Origin>

LucecoAnnouncement

08/06/2017 17:05

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RNS Number : 5969H
Luceco PLC
08 June 2017 
 
LUCECO PLC (THE "COMPANY") 
 
REPLACEMENT ANNOUNCEMENT 
 
Amendments have been made to the 'Grant of awards under performance share
plan' announcement released on 30 May 2017 at 11.53am under RNS number 5729G
due to an incorrect exercise price having been used to calculate the number of
shares awarded. 
 
The full amended text is shown below. 
 
8 June 2017 
 
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 have 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 awarded  
 John Hornby    Chief Executive Officer       145,331                   
 David Main     Chief Financial Officer       72,665                    
 Wayne Hill     Group Commercial Director     36,333                    
 Ian Pritchard  Company Secretary             24,378                    
 John Williams  Group Specification Director  26,160                    
 
 
In addition each PDMR has been awarded a linked tax qualifying option over
12,457 shares at an exercise price of £2.408. On exercise the number of shares
under the nil-cost option will be reduced proportionally to take account of
any gain on the exercise of the tax qualifying option such that the PDMR will
not receive a greater number of shares than is subject to the nil-cost
option. 
 
The awards will vest subject to 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 2017 to 31 December 2019. No consideration was paid
for any of the awards 
 
This notification is made in accordance with the Market Abuse Regulation
("MAR"). Template notifications required by the MAR are attached to this
announcement. 
 
 1   Details of the person discharging managerial responsibilities/person closely associated                                                                                                            
 a)  Name                                                                                                                                                                                               1.   John Hornby 2.   David Main  3.   Wayne Hill  4.   Ian Pritchard  5.   John Williams                            
 2   Reason for the notification                                                                                                                                                                        
 a)  Position/status                                                                                                                                                                                    1.   PDMR 2.   PDMR  3.   PDMR 4.   PDMR 5.   PDMR                                                                   
 b)  Initial notification/Amendment                                                                                                                                                                     Amendment                                                                                                            
 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 instrumentIdentification code                                                                                                                     Ordinary shares of £0.0005 each  ISIN: GB00BZC0LP49                                                                  
 b)  Nature of transaction                                                                                                                                                                              1,2,3,4 and 5- An award of Ordinary Shares made under the Luceco PLC Performance Share Plan ("PSP") on 25 May 2017.  
 c)  Price(s) and volume(s)                                                                                                                                                                             Price(s)                                                                                                             Volume(s)                                                 
                                                                                                                                                                                                        1.   £2.4082.   £2.4083.   £2.4084.   £2.4085.   £2.408                                                              1.   145,3312.   72,6653.   36,3334.   24,3785.   26,160  
 d)  Aggregated information-      Aggregated volume-      Price                                                                                                                                         N/A (Single transaction)                                                                                             
 e)  Date of the transaction                                                                                                                                                                            25 May 2017                                                                                                          
 f)  Place of the transaction                                                                                                                                                                           Outside a trading venue (XOFF)                                                                                       
 
 
ENDS 
 
For further information, contact David Main, Chief Financial Officer 01952
238100 
 
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