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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Thruvision Group Plc | LSE:THRU | London | Ordinary Share | GB00B627R876 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.00 | 17.00 | 19.00 | 18.00 | 18.00 | 18.00 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Security Systems Service | 12.42M | -805k | -0.0050 | -36.00 | 28.98M |
TIDMTHRU
RNS Number : 1681P
Thruvision Group PLC
08 October 2019
8 October 2019
Thruvision Group plc
Award of Share Options to Executive Directors
Thruvision Group plc (AIM: THRU), ("Thruvision" ) the specialist provider of people-screening technology to the international security market, announces that on 8 October 2019, Colin Evans (Chief Executive) and Adrian Crockett (Finance Director) were awarded options under the Company Long Term Incentive Plan ("LTIP").
On 8 October 2019 the following awards over ordinary shares of 1 pence in Thruvision Group plc were granted under the Thruvision Group plc Long Term Incentive Plan to the Executive Directors detailed below.
Name Type of option No of shares Exercise Market Value Date of vesting award awarded price on on award award Colin Evans Unapproved 851,449 GBP0.276 GBP234,999.92 8 October 2022 ------------------- ------------- ---------- -------------- ---------------- Adrian Crockett EMI - Tax approved 400,000 GBP0.276 GBP110,400.00 8 October 2022 ------------------- ------------- ---------- -------------- ----------------
The awards were granted pursuant to separate Award Agreements entered into between Thruvision Group plc and each Executive Director noted in the table above.
Each award (regardless of whether it was granted as an EMI award or a non-tax advantaged award) will ordinarily become exercisable on the third anniversary of the grant, subject to the grantee's continued service with the Thruvision group and will remain exercisable at any point up until the tenth anniversary of the date of grant.
In addition, the vesting of the awards are subject to the achievement of a challenging performance condition relating to revenue and profit in the year ending 31 March 2022.
In total 2,382,931 awards were made over ordinary shares of 1 pence in Thruvision Group plc to 10 employees on 8 October 2019.
The notification in appendix 1 to this announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
For further information please contact:
Thruvision Group plc +44 (0)1235 436180
Tom Black, Executive Chairman
Colin Evans, Chief Executive
Investec Bank plc (NOMAD & Broker) +44 (0)20 7597 5970
James Rudd / Sebastian Lawrence / Patrick Robb
FTI Consulting LLP +44 (0)20 3727 1000
Matt Dixon / Shamma Kelly
About Thruvision
Thruvision Group plc is a specialist provider of people-screening technology. Using patented passive terahertz technology, Thruvision is uniquely capable of detecting metallic and non-metallic threats including weapons, explosives and contraband items that are hidden under clothing, at distances up to 10m. Addressing the growing need for fast, safe and effective security, Thruvision has been vetted and approved by the US Transportation Security Administration. Operationally deployed in 20 countries around the world, Thruvision is used for a range of applications including mass transit and aviation security, facilities and public area protection, customs and border control and supply chain loss prevention. The company has offices near Oxford, in Washington DC, and in Sydney."
www.thruvision.com
Appendix 1
1. Details of the person discharging managerial responsibilities/person closely associated (a) Name Colin Evans ----------------------------------------- ------------------------------------------------- 2. Reason for the notification -------------------------------------------------------------------------------------------- (a) Position/status Chief Executive ----------------------------------------- ------------------------------------------------- (b) Initial notification/ Initial notification Amendment ----------------------------------------- ------------------------------------------------- 3. Details of the issuer -------------------------------------------------------------------------------------------- (a) Name Thruvision Group plc ----------------------------------------- ------------------------------------------------- (b) LEI 213800IZG9GM6G2TZE04 ----------------------------------------- ------------------------------------------------- 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 Ordinary shares of GBP0.01 each in Thruvision Financial Instrument Group plc ----------------------------------------- ------------------------------------------------- (b) Identification code GB00B627R876 of the Financial Instrument ----------------------------------------- ------------------------------------------------- (c) Nature of the transaction Entry into an Award Agreement pursuant to which a non-tax advantaged option award over 851,449 Ordinary Shares of 1 pence each in Thruvision Group plc. The award was granted with an option price of GBP0.276 per share and will ordinarily become exercisable three years from the date of grant, subject to the grantee's continued service and satisfaction of the Performance Condition, and once exercisable may be exercised at any point up until the tenth anniversary of the date of grant. ----------------------------------------- ------------------------------------------------- (d) Price(s) and volume(s) Price(s) Volume(s) ------------------------ ----------------------- nil 851,449 ------------------------------------------------------------------------ ----------------------- (e) Aggregated information N/A * Aggregated volume - Price ----------------------------------------- ------------------------------------------------- (f) Date of the transaction 8 October 2019 ----------------------------------------- ------------------------------------------------- (g) Place of the transaction Outside a trading venue ----------------------------------------- ------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated (a) Name Adrian Crockett ----------------------------------------- ------------------------------------------------- 2. Reason for the notification -------------------------------------------------------------------------------------------- (a) Position/status Finance Director ----------------------------------------- ------------------------------------------------- (b) Initial notification/ Initial notification Amendment ----------------------------------------- ------------------------------------------------- 3. Details of the issuer -------------------------------------------------------------------------------------------- (a) Name Thruvision Group plc ----------------------------------------- ------------------------------------------------- (b) LEI 213800IZG9GM6G2TZE04 ----------------------------------------- ------------------------------------------------- 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 Ordinary shares of GBP0.01 each in Thruvision Financial Instrument Group plc ----------------------------------------- ------------------------------------------------- (b) Identification code GB00B627R876 of the Financial Instrument ----------------------------------------- ------------------------------------------------- (c) Nature of the transaction Entry into an Award Agreement pursuant to which a tax advantaged Enterprise
Management Incentive Award was granted over 400,000 Ordinary Shares of 1pence each in Thruvision Group plc. The award was granted with an option price of GBP0.276 per share and will ordinarily become exercisable three years from the date of grant, subject to the grantee's continued service and satisfaction of the Performance Condition, and once exercisable may be exercised at any point up until the tenth anniversary of the date of grant. ----------------------------------------- ------------------------------------------------- (d) Price(s) and volume(s) Price(s) Volume(s) ------------------------ ----------------------- nil 400,000 ------------------------------------------------------------------------ ----------------------- (e) Aggregated information N/A * Aggregated volume - Price ----------------------------------------- ------------------------------------------------- (f) Date of the transaction 8 October 2019 ----------------------------------------- ------------------------------------------------- (g) Place of the transaction Outside a trading venue ----------------------------------------- -------------------------------------------------
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
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October 08, 2019 09:00 ET (13:00 GMT)
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