REG - Luceco PLC - Grant of Awards Under Performance Share Plan

LucecoAnnouncement

09/04/2025 15:45

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RNS Number : 3733E  Luceco PLC  09 April 2025

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 8 April 2025, been granted awards in the
form of nil-cost options over the number of ordinary shares of 0.05p 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         544,400
 Will Hoy     Chief Financial Officer         464,568
 James Hall   Corporate Development Director  91,726
 Wayne Hill   Managing Director - Europe      108,914
 David Nix    Director of Group Finance       91,739

 

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 2025 to 31 December 2027 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                                                          Jonathan Hornby

 2   Reason for the notification
 a)  Position/status                                               PDMR, Chief Executive Officer

 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 0.05p
                                                                  in the Company under the Luceco Performance Share Plan 2017
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                   Nil                                      544,400

 d)  Aggregated information

     -      Aggregated volume                                      N/A (Single transaction)

     -      Price
 e)  Date of the transaction                                      8 April 2025
 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, Chief Financial Officer

 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 0.05p
                                                                  in the Company under the Luceco Performance Share Plan 2017
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                   Nil                                      464,568

 d)  Aggregated information

     -      Aggregated volume                                      N/A (Single transaction)

     -      Price
 e)  Date of the transaction                                      8 April 2025
 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 0.05p
                                                                  in the Company under the Luceco Performance Share Plan 2017
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                   Nil                                     91,726

 d)  Aggregated information

     -      Aggregated volume                                      N/A (Single transaction)

     -      Price
 e)  Date of the transaction                                      8 April 2025
 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 0.05p
                                                                  in the Company under the Luceco Performance Share Plan 2017

 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                   Nil                                       108,914

 d)  Aggregated information

     -      Aggregated volume                                      N/A (Single transaction)

     -      Price
 e)  Date of the transaction                                      8 April 2025
 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 0.05p
                                                                  in the Company under the Luceco Performance Share Plan 2017
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                   Nil                                       91,739

 d)  Aggregated information

     -      Aggregated volume                                      N/A (Single transaction)

     -      Price
 e)  Date of the transaction                                      8 April 2025
 f)  Place of the transaction                                     Outside a trading venue (XOFF)

 

ENDS

 

 For further information please contact:
 Luceco plc                               via the Company Secretary, MUFG Corporate Markets

 Will Hoy, Chief Financial Officer        033 3300 1932 (via MUFG Corporate Markets)

 MUFG Corporate Markets                   033 3300 1932

 Michael Conway

 Paris Condon

 

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