Last checked at 21 Feb 2018 09:43
LUCECO PLC (THE "COMPANY")
GRANT OF AWARDS UNDER LUCECO 2017 PERFORMANCE SHARE PLAN
The Company announces that Matthew Webb, a Person Discharging Managerial Responsibility, has been granted an award under the Luceco 2017 Performance Share Plan (the "PSP").
The award is in the form of a nil-cost option over 364,520 ordinary shares of 0.05 pence in the Company.
In addition Mr Webb has been awarded a linked tax qualifying option over 36,452 shares at an exercise price of 82.3 pence. 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 Mr Webb will not receive a greater number of shares than is subject to the nil-cost option.
The award will vest subject to the satisfaction of performance conditions measuring the Company's earnings per share and total shareholder return performance over the performance period, which runs from 1 January 2018 to 31 December 2020. No consideration was paid for the award.
This notification is made in accordance with the Market Abuse Regulation ("MAR"). Template notifications required by the MAR are attached to this announcement.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Matt Webb
| |
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 Identification code | Ordinary shares of £0.0005 each ISIN: GB00BZC0LP49 | |
b) | Nature of transaction | An award of Ordinary Shares made under the Luceco PLC Performance Share Plan ("PSP") on 11 March 2018. | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1. 82.3 pence
| 1. 364,520
| ||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single transaction) | |
e) | Date of the transaction | 19 February 2018 | |
f) | Place of the transaction | Outside a trading venue | |
Further enquiries:
For further information, please contact
Luceco plc John Hornby, Chief Executive Officer
| via MHP Communications 020 3128 8100 |
MHP Communications Tim Rowntree James White Ollie Hoare | 020 3128 8100 |