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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% | 15.50 | 15.00 | 16.00 | 15.90 | 15.50 | 15.50 | 0.00 | 08:00:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Security Systems Service | 12.42M | -805k | -0.0050 | -31.00 | 24.96M |
TIDMTHRU
RNS Number : 1073K
Thruvision Group PLC
22 August 2023
22 August 2023
Thruvision Group plc
Award of Share Options to Executive Directors
Thruvision Group plc (AIM: THRU), ("Thruvision" ) the leading provider of walk-through security technology , announces that on 22 August 2023, Colin Evans (Chief Executive) and Victoria Balchin (Chief Financial Officer) were awarded options under the Company Long Term Incentive Plan ("LTIP").
On 22 August 2023 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 Date of award awarded price on Value on vesting award award Colin Evans Unapproved 1,000,000 GBP0.27 GBP270,000 22 August 2026 ------------------- ------------- ---------- ----------- ---------- Victoria EMI - Tax approved 400,000 GBP0.27 GBP108,000 22 August Balchin 2026 ------------------- ------------- ---------- ----------- ----------
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 grant, subject to the grantee's continued service with Thruvision 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 challenging performance conditions relating to revenue and adjusted EBITDA.
In total 2,585,000 awards were made over ordinary shares of 1 pence in Thruvision Group plc to 31 employees on 22 August 2023.
The notification in Appendix 1 to this announcement, made in accordance with the requirements of the Market Abuse Regulation, provides further detail:
For further information please contact:
Thruvision Group plc Colin Evans, Chief Executive Victoria Balchin, Chief Financial Officer +44 (0)1235 425400 Investec Investment Banking (NOMAD & Broker) James Rudd / Patrick Robb / Sebastian Lawrence +44 (0)20 7597 5970 Meare Consulting Adrian Duffield +44 (0) 7990 858548
About Thruvision ( www.thruvision.com)
Thruvision is the leading developer, manufacturer and supplier of walk-through security technology. Its technology is deployed in more than 20 countries around the world by government and commercial organisations in a wide range of security situations, where large numbers of people need to be screened quickly, safely and efficiently. Thruvision's patented technology is uniquely capable of detecting concealed objects in real time using an advanced AI-based detection algorithm. The Group has offices and manufacturing capability in the UK and US.
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 1,000,000 Ordinary Shares of 1 pence each in Thruvision Group plc. The award was granted with an option price of GBP0.27 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 1,000,000 ------------------------------------------------------------------------ ----------------------- (e) Aggregated information N/A * Aggregated volume - Price ------------------------------------------------- (f) Date of the transaction 22 August 2023 ----------------------------------------- ------------------------------------------------- (g) Place of the transaction Outside a trading venue ----------------------------------------- ------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated (a) Name Victoria Balchin ----------------------------------------- ------------------------------------------------- 2. Reason for the notification -------------------------------------------------------------------------------------------- (a) Position/status Chief Financial Officer ----------------------------------------- ------------------------------------------------- (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 1 pence
each in Thruvision Group plc. The award was granted with an option price of GBP0.27 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 22 August 2023 ----------------------------------------- ------------------------------------------------- (g) Place of the transaction Outside a trading venue ----------------------------------------- -------------------------------------------------
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August 22, 2023 06:56 ET (10:56 GMT)
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