Luceco PLC Director/PDMR Shareholding (0809W)

TIDMLUCE

RNS Number : 0809W

Luceco PLC

12 April 2019

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         463,269 
               ----------------------------  ----------------- 
  Matt Webb       Chief Financial Officer         397,088 
               ----------------------------  ----------------- 
  Wayne Hill    Managing Director - Europe        145,599 
               ----------------------------  ----------------- 
  David Nix      Director of Group Finance        122,435 
               ----------------------------  ----------------- 
 

The awards will vest subject to the satisfaction of performance conditions measuring the Company's earnings per share and total shareholder return performance. Earnings per share will be measured over the three financial years from 1 January 2019 to 31 December 2021. Total shareholder return will be measured over the three year period from 10 April 2019 to 10 April 2022. 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. David Nix 
2    Reason for the notification 
a)   Position/status                       1. CEO 
 
                                            2. CFO 
 
                                            3. Managing Director - Europe 
 
                                            4. Director of Group Finance 
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 10 April 2019. No consideration was paid for the grant of the 
                                          awards. 
c)   Price(s) and volume(s)                Price(s)                               Volume(s) 
                                           1. Nil                                 1. 463,269 
                                            2. Nil                                 2. 397,088 
                                            3. Nil                                 3. 145,599 
                                            4. Nil                                 4. 122,435 
d)   Aggregated information 
      - Aggregated volume                    N/A (Single transaction) 
      - Price 
e)   Date of the transaction               10 April 2019 
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.

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 [e-mail] or visit www.rns.com.

END

DSHBBGDSRUBBGCD

(END) Dow Jones Newswires

April 12, 2019 08:00 ET (12:00 GMT)