Last checked at 24 Nov 2017 10:33
Luceco Plc
("Luceco" or the "Company")
Director Dealing
Luceco, the manufacturer and distributor of high-quality and innovative LED lighting products, wiring accessories and portable power products, announces that on 24 November 2017, Mr John Hornby, Chief Executive Officer of the Company, sold 2,000,000 ordinary shares of £0.0005 each in the Company ("Share(s)") at a price of 234.53p per Share (the "Transaction"). Following the Transaction, Mr John Hornby holds, together with Pippa Hornby, 31,396,512 (19.5 per cent. of the Company's issued share capital). Mr John Hornby completed the Transaction principally to settle personal tax liabilities.
Following the Transaction, Mr John Hornby has agreed to enter into a lock-in agreement pursuant to which Mr John Hornby has undertaken to the Company that, subject to certain limited exceptions, Mr John Hornby will not sell or otherwise dispose of, or agree to sell or dispose of, any of his respective interests in the Shares held by him and his connected persons at any time during the period of 6 months following the Transaction.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | John Hornby | |
2 | Reason for the notification | ||
a) | Position/status | 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) | Legal Entity Identifier | 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
Identification code | Ordinary shares of £0.0005 each
GB00BZC0LP49 | |
b) | Nature of the transaction | Sale of shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
234.53p | 2,000,000 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
2,000,000 234.53p £4,690,600.00 | |
f) | Date of the transaction | 24 November 2017 | |
g) | Place of the transaction | London Stock Exchange (XLON) | |
Enquiries:
For further information, contact David Main, Chief Financial Officer 01952 238100.