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THRU.GB Thruvision Group PLC

17.50
0.00 (0.00%)
07:01:06 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Thruvision Group PLC AQSE:THRU.GB Aquis Stock Exchange Ordinary Share GB00B627R876
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.50 16.00 19.00 17.50 17.50 17.50 0.00 07:01:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Thruvision Group PLC Award of Share Options to Executive Directors (7519F)

09/11/2022 7:00am

UK Regulatory


Thruvision (AQSE:THRU.GB)
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TIDMTHRU

RNS Number : 7519F

Thruvision Group PLC

09 November 2022

9 November 2022

Thruvision Group plc

Award of Share Options to Executive Directors

Thruvision Group plc (AIM: THRU), ("Thruvision" ) the leading provider of safe distance people-screening technology to the international security market, announces that on 8 November 2022, Colin Evans (Chief Executive) and Victoria Balchin (Chief Financial Officer) were awarded options under the Company Long Term Incentive Plan ("LTIP").

On 8 November 2022 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 Directors detailed below.

 
 Name          Type of option   No of shares   Exercise    Market       Date of 
                award            awarded        price on    Value on     vesting 
                                                award       award 
 Colin Evans   Unapproved         800,000      GBP0.221    GBP176,800   8 November 
                                                                           2025 
              ---------------  -------------  ----------  -----------  ----------- 
 Victoria      EMI - Tax          400,000      GBP0.221    GBP88,400    8 November 
  Balchin       approved                                                   2025 
              ---------------  -------------  ----------  -----------  ----------- 
 

The awards were granted pursuant to separate Award Agreements entered into between Thruvision Group plc and each Executive Director noted in the table above.

Each award (regardless of whether it was granted as an EMI award or a non-tax advantaged award) will ordinarily become exercisable on the third anniversary of grant, subject to the grantee's continued service with Thruvision and will remain exercisable at any point up until the tenth anniversary of the date of grant.

In addition, the vesting of the awards are subject to the achievement of a challenging performance conditions relating to revenue and profit.

In total 2,500,000 awards were made over ordinary shares of 1 pence in Thruvision Group plc to 32 employees on 8 November 2022.

The notification in appendix 1 to this announcement, made in accordance with the requirements of the Market Abuse Regulation, provides further detail:

For further information please contact:

 
 Thruvision Group plc 
  Colin Evans, Chief Executive 
  Tom Black, Executive Chairman            +44 (0)1235 436180 
 
 Investec Bank plc 
  James Rudd / Patrick Robb / Sebastian 
  Lawrence                                 +44 (0)20 7597 5970 
 
 FTI Consulting LLP 
  Matt Dixon / Tom Blundell                +44 (0)20 3727 1000 
 
 

About Thruvision

Thruvision is the leading provider of safe distance people-screening technology. Using patented passive terahertz technology, Thruvision is uniquely capable of detecting metallic and non-metallic threats including weapons, explosives and contraband items that are hidden under clothing, at distances between 3 and 10m. Addressing the growing need for fast, safe and effective security, 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 and transportation security, retail supply chain loss prevention, facilities and public area protection and customs and border control. The company has offices near Oxford and Washington DC.

www.thruvision.com

Appendix 1

 
 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/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------------- 
 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                         Ordinary shares of GBP0.01 each in Thruvision 
         Financial Instrument                       Group plc 
       -----------------------------------------  ------------------------------------------------- 
 (b)    Identification code                        GB00B627R876 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------------- 
 (c)    Nature of the transaction                  Entry into an Award Agreement pursuant 
                                                    to which a non-tax advantaged option 
                                                    award over 800,000 Ordinary Shares of 
                                                    1 pence each in Thruvision Group plc. 
                                                    The award was granted with an option 
                                                    price of GBP0.221 per share and will 
                                                    ordinarily become exercisable three 
                                                    years from the date of grant, subject 
                                                    to the grantee's continued service and 
                                                    satisfaction of the Performance Condition, 
                                                    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                                                                       800,000 
  ------------------------------------------------------------------------  ----------------------- 
 
 (e)    Aggregated information                     N/A 
          *    Aggregated volume 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------------- 
 (f)    Date of the transaction                    8 November 2022 
       -----------------------------------------  ------------------------------------------------- 
 (g)    Place of the transaction                   Outside a trading venue 
       -----------------------------------------  ------------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       Victoria Balchin 
       -----------------------------------------  ------------------------------------------------- 
 2.     Reason for the notification 
       -------------------------------------------------------------------------------------------- 
 (a)    Position/status                             Chief Financial Officer 
       -----------------------------------------  ------------------------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ------------------------------------------------- 
 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                         Ordinary shares of GBP0.01 each in Thruvision 
         Financial Instrument                       Group plc 
       -----------------------------------------  ------------------------------------------------- 
 (b)    Identification code                        GB00B627R876 
         of the Financial 
         Instrument 
       -----------------------------------------  ------------------------------------------------- 
 (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 1pence 
                                                    each in Thruvision Group plc. 
                                                    The award was granted with an option 
                                                    price of GBP0.221 per share and will 
                                                    ordinarily become exercisable three 
                                                    years from the date of grant, subject 
                                                    to the grantee's continued service and 
                                                    satisfaction of the Performance Condition, 
                                                    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                     N/A 
          *    Aggregated volume 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------------- 
 (f)    Date of the transaction                    8 November 2022 
       -----------------------------------------  ------------------------------------------------- 
 (g)    Place of the transaction                   Outside a trading venue 
       -----------------------------------------  ------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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November 09, 2022 02:00 ET (07:00 GMT)

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