Luceco PLC Director/PDMR Shareholding (3647W)

TIDMLUCE

RNS Number : 3647W

Luceco PLC

31 July 2018

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").

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          431,415 
                 ------------------------------  ----------------- 
   Matt Webb         Chief Financial Officer          398,230 
                 ------------------------------  ----------------- 
   Wayne Hill       Group Commercial Director         285,398 
                 ------------------------------  ----------------- 
 John Williams    Group Specification Director        199,115 
                 ------------------------------  ----------------- 
 

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 2018 to 31 December 2020. No consideration was paid for any of the awards.

Notification of transactions by persons discharging managerial responsibilities ("PDMRs")

 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                  1. John Hornby 
 
                                            2. Matt Webb 
 
                                            3. Wayne Hill 
 
                                            4. John Williams 
2    Reason for the notification 
a)   Position/status                       1. CEO 
 
                                            2. CFO 
 
                                            3. Group Commercial Director 
 
                                            4. Group Specification Director 
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          Awards of ordinary shares of GBP0.0005 each 
     instrument, type of instrument         ISIN: GB00BZC0LP49 
     Identification code 
b)   Nature of transaction                1,2,3 and 4 - An award of Ordinary Shares made under the Luceco PLC 
                                          Performance Share Plan 
                                          ("PSP") on 27 July 2018. No consideration was paid for the grant of the 
                                          awards. 
c)   Price(s) and volume(s)                Price(s)                               Volume(s) 
                                           1. GBP0.377                            1. 431,415 
                                            2. GBP0.377                            2. 398,230 
                                            3. GBP0.377                            3. 285,398 
                                            4. GBP0.377                            4. 199,115 
d)   Aggregated information 
      - Aggregated volume                    N/A (Single transaction) 
      - Price 
e)   Date of the transaction               27 July 2018 
f)   Place of the transaction              Outside a trading venue (XOFF) 
 

The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.

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July 31, 2018 10:56 ET (14:56 GMT)