Luceco PLC Director/PDMR Shareholding (5109F)

TIDMLUCE

RNS Number : 5109F

Luceco PLC

21 February 2018

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          Ordinary shares of GBP0.0005 each 
     instrument, type of instrument         ISIN: GB00BZC0LP49 
     Identification code 
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                    N/A (Single transaction) 
      - Price 
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                      via MHP Communications 
 John Hornby, Chief Executive    020 3128 8100 
 Officer 
MHP Communications 
 Tim Rowntree 
 James White 
 Ollie Hoare                    020 3128 8100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 21, 2018 04:43 ET (09:43 GMT)