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RNS Number : 2648Z Thruvision Group PLC 10 January 2024
10 January 2024
Thruvision Group plc
Award of Share Options to Executive Director
Thruvision Group plc (AIM: THRU), ("Thruvision" ) the leading provider of
walk-through security technology, announces that on 10 January 2024, Victoria
Balchin (Chief Financial Officer) was awarded options under the Company Long
Term Incentive Plan ("LTIP").
On 10 January 2024 the following awards over ordinary shares of 1 pence in
Thruvision Group plc were granted under the Thruvision Group plc Long Term
Incentive Plan to the Executive Director detailed below.
Name Type of option award No of shares awarded Exercise price on award Market Value on award Date of vesting
Victoria Balchin EMI - Tax approved/ UK unapproved 1,000,000 £0.01 £187,500 10 January
2027
The award was granted pursuant to a separate Award Agreement entered into
between Thruvision Group plc and the Executive Director noted in the table
above.
The award (regardless of whether it was granted as an EMI award or a non-tax
advantaged award) will ordinarily become exercisable on the third anniversary
of grant, subject to the grantee's continued service with Thruvision and will
remain exercisable at any point up until the tenth anniversary of the date of
grant.
In total 2,950,000 awards were made over ordinary shares of 1 pence in
Thruvision Group plc to 6 employees on 10 January 2024 to retain and
incentivise key members of the senior leadership team, with particular
attention on recent hires to the organisation.
The notification in Appendix 1 to this announcement, made in accordance with
the requirements of the Market Abuse Regulation, provides further detail:
For further information please contact:
Thruvision Group +44 (0)1235 425400
plc
Colin Evans, Chief Executive
Victoria Balchin, Chief Financial Officer
Investec Investment Banking (NOMAD & Broker) +44 (0)20 7597 5970
James Rudd / Patrick Robb / Sebastian Lawrence
Meare Consulting +44 (0) 7990 858548
Adrian Duffield
About Thruvision (www.thruvision.com)
Thruvision is the leading developer, manufacturer and supplier of walk-through
security technology. Its technology is deployed in more than 20 countries
around the world by government and commercial organisationsin a wide range of
security situations, where large numbers of people need to be screened
quickly, safely and efficiently. Thruvision's patented technology is uniquely
capable of detecting concealed objects in real time using an advanced AI-based
detection algorithm. The Group's offices are near Oxford and Washington DC
Appendix 1
1. Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Victoria Balchin
2. Reason for the notification
(a) Position/status Chief Financial Officer
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(a) Name Thruvision Group plc
(b) LEI 213800IZG9GM6G2TZE04
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 Ordinary shares of £0.01 each in Thruvision Group plc
(b) Identification code of the Financial Instrument GB00B627R876
(c) Nature of the transaction Entry into an Award Agreement pursuant to which a tax advantaged Enterprise
Management Incentive Award was granted over 285,866 Ordinary Shares of 1 pence
each in Thruvision Group plc and a non-tax advantaged option award over
714,134 Ordinary Shares of 1 pence each in Thruvision Group plc.
The award was granted with an option price of £0.01 per share and will
ordinarily become exercisable three years from the date of grant, subject to
the grantee's continued service, and once exercisable may be exercised at any
point up until the tenth anniversary of the date of grant.
(d) Price(s) and volume(s) Price(s) Volume(s)
nil 1,000,000
(e) Aggregated information N/A
- Aggregated volume
- Price
(f) Date of the transaction 10 January 2024
(g) Place of the transaction Outside a trading venue
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