REG - Thruvision Group PLC - Sharesave option grant to Executive Director

ThruvisionAnnouncement

25/01/2022 16:10

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RNS Number : 6072Z  Thruvision Group PLC  25 January 2022

25 January 2022

 

Thruvision Group plc

 

("Thruvision" or the "Group")

 

Sharesave option grant to Executive Director

 

Thruvision (AIM:THRU), the leading provider of "safe distance"
people-screening technology to the international security market announces a
grant of share options under the Thruvision Sharesave Scheme (the "Scheme").

 

Earlier today the Remuneration Committee of the Group granted, under the rules
of the Scheme, an option over 64,285 Ordinary 1p shares with an exercise price
of 22.4 pence per share to Colin Evans (Chief Executive).

 

The exercise price, set on 30 December 2021, is calculated on the basis of 80%
of the closing middle market price of Thruvision shares on 29 December 2021.
The option may be exercised between 1 March 2025 and 31 August 2025, assuming
the conditions of the Scheme are met.

 

Immediately prior to this grant, Colin Evans had 90,000 options under the
scheme which have vested but have yet to be exercised at an option price of
20p.

 

The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail:

 

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Colin Evans
 2.   Reason for the notification
 (a)  Position/status                                  Chief Executive
 (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
 (b)  Identification code of the Financial Instrument  GB00B627R876
 (c)  Nature of the transaction                        Grant of Options under the Sharesave Scheme.

 (d)  Price(s) and volume(s)                           Price(s)                    Volume(s)
                                                       22.4p                       64,285

 (e)  Aggregated information                           N/A

      -           Aggregated volume

      -           Price
 (f)  Date of the transaction                          25 January 2022
 (g)  Place of the transaction                         Not a trading venue

 

 

For further information please contact:

 

 Thruvision Group plc                             +44 (0)1235 425 400

 Colin Evans, Chief Executive

 Tom Black, Executive Chairman

 Investec Bank plc                                +44 (0)20 7597 5970

 Patrick Robb / James Rudd / Sebastian Lawrence

 FTI Consulting LLP                               +44 (0)20 3727 1000

 Matt Dixon / Tom Blundell

 

About Thruvision

Addressing the urgent need for "safe distance" people security screening in
the COVID era, Thruvision is uniquely capable of detecting metallic and
non-metallic items including weapons, explosives and contraband items that are
hidden under clothing, at distances between 3 and 10m. Using patented passive
terahertz technology, Thruvision completely removes the need for physical
"pat-downs" and has been vetted and approved by the US Transportation Security
Administration for surface transportation. Operationally deployed in 20
countries around the world, Thruvision is used for aviation security, retail
supply chain loss prevention, customs and border control, and public area
security. The company has offices near Oxford, and Washington DC.

 

www.thruvision.com (http://www.thruvision.com)

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