Last checked at 15 Mar 2018 07:00
15 March 2018
Thruvision Group plc
Award of Share Options to Executive Director
Thruvision Group plc (AIM: THRU), ("Thruvision" the "Company") the specialist provider of people-screening technology to the global security market, announces that on 14 March 2018, Ian Lindsay (Finance Director) was awarded options under the Company Long Term Incentive Plan ("LTIP").
On 14 March 2018 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 as detailed below.
Name | Type of option award | No of shares awarded | Exercise price on award | Market Value on award | Date of vesting |
Ian Lindsay | EMI - Tax approved | 400,000 | £0.1275 | £51,000 | 15 March 2021 |
The awards were granted pursuant to separate Award Agreements entered into between Thruvision Group plc and the Executive Director noted in the table above.
The award will ordinarily become exercisable on the third anniversary of grant, subject to the grantee's continued service with the Thruvision group and will remain exercisable at any point up until the tenth anniversary of the date of grant.
The award as detailed above is the only award that has been made at this time, accordingly a total of 400,000 awards were made over ordinary shares of 1 pence in Thruvision Group plc on 14 March 2018.
The notification in appendix 1 to this announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
For further information please contact:
Thruvision Group plc Tom Black, Executive Chairman Colin Evans, Managing Director
| +44 (0)20 3553 5888 |
Investec Bank plc (Financial Adviser, NOMAD & Broker) Andrew Pinder / Sebastian Lawrence / Patrick Robb
| +44 (0)20 7597 5970 |
FTI Consulting LLP Matt Dixon / Harry Staight | +44 (0)20 3727 1000 |
About Thruvision
Thruvision Group plc is a specialist provider of people-screening technology that can safely see weapons, explosives and contraband hidden in peoples' clothing. Developed with extensive support from the British and US Governments, Thruvision technology is operationally proven and is being used to enhance the security of transport hubs, borders, high profile buildings and public areas.
www.thruvision.com
Appendix 1
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Ian Lindsay | |
2. | Reason for the notification | ||
(a) | Position/status | Finance Director | |
(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 400,000 Ordinary Shares of 1 pence each in Thruvision Group plc.
The award was granted with an option price of £0.1275 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 | 400,000 | ||
(e) | Aggregated information - Aggregated volume - Price | N/A
| |
(f) | Date of the transaction | 14 March 2018 | |
(g) | Place of the transaction | Outside a trading venue | |