LightwaveRF PLC Director/PDMR Shareholding (1853Y)

TIDMLWRF

RNS Number : 1853Y

LightwaveRF PLC

01 March 2017

1 March 2017

LightwaveRF plc

(AIM: LWRF)

Grant of Options

LightwaveRF plc ("LightwaveRF" or the "Company"), the proprietary IOT and connected devices specialist enabling the remote control and monitoring of light, heat, power and security through just one app, announces that it has granted to Andrew Pearson, newly appointed Chief Executive Officer of the Company, 400,000 share options at an exercise price of 13 pence per share in accordance with the Company's EMI Share Option Scheme.

This is the first award of share options to Mr Pearson. The options will be exercisable after three years provided the price of the Company's ordinary shares meets or exceeds 40 pence per share.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the interest in shares acquired:

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                               Andrew Pearson 
---  -----------------------------------------------------------------  ---------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                    Director 
---  -----------------------------------------------------------------  ---------------------------- 
 b)   Initial notification/ Amendment                                    Initial Notification 
---  -----------------------------------------------------------------  ---------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                               LightwaveRF plc 
---  -----------------------------------------------------------------  ---------------------------- 
 b)   LEI                                                                N/A 
---  -----------------------------------------------------------------  ---------------------------- 
 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        Ordinary shares of 5p each 
 
       Identification code 
                                                                          GB00BKJ9BV58 
---  -----------------------------------------------------------------  ---------------------------- 
 b)   Nature of the transaction                                          Grant of options 
---  -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)   Volume(s) 
                                                                          ---------  ---------- 
                                                                           13p        400,000 
                                                                          ---------  ---------- 
---  -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            400,000 
                                                                           GBP52,000 
 
         *    Price 
---  -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            1 March 2017 
---  -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           N/A 
---  -----------------------------------------------------------------  ---------------------------- 
 
 
  Contacts: 
 LightwaveRF plc                      www.lightwaveRF.com 
 Barry Gamble                             [phone] 
  Kevin Edwards, CFO                                 3625 
 
 WH Ireland Limited                  www.whirelandplc.com 
 Mike Coe/Ed Allsopp (Corporate             +44 (0) 117 
  Finance)                                     945 3470 
 Jasper Berry (Institutional                +44 (0) 207 
  Sales)                                       220 1666 
 

About LightwaveRF

LightwaveRF plc ("LightwaveRF" or the "Company") pioneered smart home automation with the introduction of the market's first internet enabled devices in 2008.Today, the Company offers a market leading proprietary Internet of Things ("IoT") platform together with applications and connected devices, which provide fully integrated remote control and monitoring of light, heat, power and security. We are dedicated to making everyone's lives easier and more fulfilled through world leading smart home technology.

For further information and to sign up for investor news alerts please visit www.lightwaverf.com/corporate/

This information is provided by RNS

The company news service from the London Stock Exchange

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March 01, 2017 04:05 ET (09:05 GMT)