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LUCE Luceco Plc

136.00
-0.60 (-0.44%)
Last Updated: 08:10:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Luceco Plc LSE:LUCE London Ordinary Share GB00BZC0LP49 ORD GBP0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.60 -0.44% 136.00 133.00 137.00 136.00 136.00 136.00 10,287 08:10:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Comml, Indl Elec Light Fixtr 206.3M 11M 0.0684 19.97 219.65M

Luceco PLC Director/PDMR Shareholding (2517T)

16/07/2020 12:50pm

UK Regulatory


Luceco (LSE:LUCE)
Historical Stock Chart


From Mar 2019 to Mar 2024

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TIDMLUCE

RNS Number : 2517T

Luceco PLC

16 July 2020

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 has, on 14 July 2020, 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 
                                                     subject to 
                                                        award 
 John Hornby        Chief Executive Officer           329,736 
               --------------------------------  ----------------- 
  Matt Webb         Chief Financial Officer           282,631 
               --------------------------------  ----------------- 
  Wayne Hill      Managing Director - Europe          103,631 
               --------------------------------  ----------------- 
  David Nix        Director of Group Finance           87,144 
               --------------------------------  ----------------- 
  James Hall    Corporate Development Director         85,750 
               --------------------------------  ----------------- 
 

In addition each PDMR has been awarded a linked tax qualifying option over 27,440 shares at an exercise price of GBP1.0933. 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 continued employment and 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 2020 to 31 December 2022. No consideration was paid for any of the awards.

This notification is made under Article 19.1 and in accordance with Article 19.3 of the Market Abuse Regulation 2015.

 
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 
                                            5. James Hall 
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                 Grant of awards in the form of nil-cost options over ordinary shares of 
                                           0.05 pence in the 
                                           Company 
c)   Price(s) and volume(s)                Price(s)                               Volume(s) 
                                                 1. Nil                                 1. 329,736 
                                                  2. Nil                                 2. 282,631 
                                                  3. Nil                                 3. 103,631 
                                                  4. Nil                                 4. 87,144 
                                                  5. Nil                                 5. 85,750 
d)   Aggregated information 
      - Aggregated volume                    N/A (Single transaction) 
      - Price 
e)   Date of the transaction               2020-07-14 
f)   Place of the transaction              Outside a trading venue (XOFF) 
 

ENDS

For further information contact Matt Webb, Chief Financial Officer 01952 238180

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.

END

DSHBBGDRRSBDGGL

(END) Dow Jones Newswires

July 16, 2020 07:50 ET (11:50 GMT)

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