Luceco PLC Director/PDMR Shareholding (5729G)

TIDMLUCE

RNS Number : 5729G

Luceco PLC

30 May 2017

LUCECO PLC (THE "COMPANY")

GRANT OF AWARDS UNDER PERFORMANCE SHARE PLAN

The Company announces that awards have been granted to the following Persons Discharging Managerial Responsibility ("PDMRs") under the Luceco 2017 Performance Share Plan ("PSP"), which was approved by shareholders at the Company's AGM held on 25 May 2017.

Each of the following PDMRs have been granted awards in the form of nil-cost options over the number of ordinary shares of 0.05 pence in the Company under the terms of the PSP as set out below:

 
      PDMR                    Role                Number of shares 
                                                       awarded 
---------------  ------------------------------  ----------------- 
  John Hornby        Chief Executive Officer          140,959 
---------------  ------------------------------  ----------------- 
   David Main        Chief Financial Officer           70,479 
---------------  ------------------------------  ----------------- 
   Wayne Hill       Group Commerical Director          35,240 
---------------  ------------------------------  ----------------- 
 Ian Pritchard          Company Secretary              23,645 
---------------  ------------------------------  ----------------- 
 John Williams    Group Specification Director         25,373 
---------------  ------------------------------  ----------------- 
 

In addition each PDMR has been awarded a linked tax qualifying option over 12,082 shares at an exercise price of GBP2.483. 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 the PDMR will not receive a greater number of shares than is subject to the nil-cost option.

The awards will vest subject to the satisfaction of performance conditions measuring the Company's earnings per share and total shareholder return performance. The extent to which awards will vest will depend on the extent to which the performance conditions are satisfied over the performance period, which runs from 1 January 2017 to 31 December 2019. No consideration was paid for any of the awards

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                                  1. John Hornby 
                                            2. David Main 
                                            3. Wayne Hill 
                                            4. Ian Pritchard 
                                            5. John Williams 
    ------------------------------------  ---------------------------------------------------------------------------- 
2    Reason for the notification 
    ------------------------------------------------------------------------------------------------------------------ 
a)   Position/status                       1. PDMR 
                                            2. PDMR 
                                            3. PDMR 
                                            4. PDMR 
                                            5. 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          Ordinary shares of GBP0.0005 each 
     instrument, type of instrument         ISIN: GB00BZC0LP49 
     Identification code 
    ------------------------------------  ---------------------------------------------------------------------------- 
b)   Nature of transaction                1,2,3,4 and 5 - An award of Ordinary Shares made under the Luceco PLC 
                                          Performance Share Plan 
                                          ("PSP") on 25 May 2017. 
    ------------------------------------  ---------------------------------------------------------------------------- 
c)   Price(s) and volume(s)                Price(s)                               Volume(s) 
    ------------------------------------  -------------------------------------  ------------------------------------- 
                                           1. GBP2.483                            1. 140,959 
                                            2. GBP2.483                            2. 70,479 
                                            3. GBP2.483                            3. 35,240 
                                            4. GBP2.483                            4. 23,645 
                                            5. GBP2.483                            5. 25,373 
    ------------------------------------  -------------------------------------  ------------------------------------- 
d)   Aggregated information 
      - Aggregated volume                    N/A (Single transaction) 
      - Price 
    ------------------------------------  ---------------------------------------------------------------------------- 
e)   Date of the transaction               25 May 2017 
    ------------------------------------  ---------------------------------------------------------------------------- 
f)   Place of the transaction              Outside a trading venue 
    ------------------------------------  ---------------------------------------------------------------------------- 
 

ENDS

For further information, contact David Main, Chief Financial Officer 01952 238100

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 30, 2017 06:53 ET (10:53 GMT)