REG - Luceco PLC - Director/PDMR Shareholding

LucecoAnnouncement

01/04/2022 16:45

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RNS Number : 0351H  Luceco PLC  01 April 2022

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 31 March 2022, 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           283,018
 Matt Webb    Chief Financial Officer           265,330
 James Hall   Corporate Development Director    46,696
 Wayne Hill   Managing Director - Europe        56,422
 David Nix    Director of Group Finance         47,446

 

 

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 2022 to 31 December 2024. No
consideration was paid for any of the awards.

 

This notification is made in accordance with the requirements of the UK Market
Abuse Regulation.

 

 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  Ordinary shares of £0.0005 each

     Identification code                                            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                                 1.   283,018

                                                                  2.   Nil                                 2.   265,330

                                                                  3.   Nil                                 3.   46,696

                                                                  4.   Nil                                 4.   56,422

                                                                  5.   Nil                                 5.   47,446

 d)  Aggregated information

     -      Aggregated volume                                      N/A (Single transaction)

     -      Price
 e)  Date of the transaction                                      2022-03-31
 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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