REG - Luceco PLC - Grant of Awards Under Performance Share Plan
11/04/2023 15:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230411:nRSK8593Va&default-theme=true
RNS Number : 8593V Luceco PLC 11 April 2023
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 6 April 2023, 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. John Hornby's award
is conditional upon the grant of a Rule 9 waiver resolution being passed by
shareholders at the Company's 2023 Annual General Meeting.
PDMR Role Number of shares subject to award
John Hornby Chief Executive Officer 492,956
Will Hoy Chief Financial Officer 350,561
James Hall Corporate Development Director 81,767
Wayne Hill Managing Director - Europe 98,620
David Nix Director of Group Finance 83,067
In addition each PDMR has been awarded a linked tax qualifying option over
48,000 shares at an exercise price of £1.25. 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 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 2023 to 31 December 2025 for
the earnings per share performance conditions and for three years from the
date of grant for the total shareholder return performance condition. 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 John Hornby
2 Reason for the notification
a) Position/status 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)
Nil 492,956
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 6 April 2023
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Will Hoy
2 Reason for the notification
a) Position/status 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)
Nil 350,561
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 6 April 2023
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name James Hall
2 Reason for the notification
a) Position/status 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)
Nil 81,767
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 6 April 2023
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Wayne Hill
2 Reason for the notification
a) Position/status 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)
Nil 98,620
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 6 April 2023
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name David Nix
2 Reason for the notification
a) Position/status 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)
Nil 83,067
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 6 April 2023
f) Place of the transaction Outside a trading venue (XOFF)
ENDS
For further information contact Will Hoy, Chief Financial Officer 01952 238100
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHFLFEVSTILLIVRecent news on Luceco
See all newsREG - Luceco PLC - EBT Share Purchase and PDMR Dealings
AnnouncementREG - Luceco PLC - Notification of Major Holdings
AnnouncementREG - Luceco PLC - Notice of AGM
AnnouncementREG - Luceco PLC - Director/PDMR Shareholding
AnnouncementREG - Luceco PLC - Grant of Awards Under Performance Share Plan
Announcement