Thruvision Group PLC Sharesave option grant to Executive Director (8035O)

TIDMTHRU

RNS Number : 8035O

Thruvision Group PLC

03 February 2023

3 February 2023

Thruvision Group plc

("Thruvision" or the "Group")

Sharesave option grant to Executive Director

Thruvision (AIM:THRU), the leading provider of "safe distance" people-screening technology to the international security market announces a grant of share options under the Thruvision Sharesave Scheme (the "Scheme").

The Remuneration Committee of the Group have granted, under the rules of the Scheme, an option over 81,447 Ordinary 1p shares with an exercise price of 17.68 pence per share to Victoria Balchin.

The exercise price, set on 11 January 2023, is calculated on the basis of 80% of the closing middle market price of Thruvision shares on 11 January 2023. The option may be exercised between 1 March 2026 and 31 August 2026, assuming the conditions of the Scheme are met.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

 
 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 
         Financial Instrument 
       -----------------------------------------  --------------------------------------- 
 (b)    Identification code                        GB00B627R876 
         of the Financial 
         Instrument 
       -----------------------------------------  --------------------------------------- 
 (c)    Nature of the transaction                  Grant of Options under the Sharesave 
                                                    Scheme. 
       -----------------------------------------  --------------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)            Volume(s) 
                                                  ------------------  ------------------- 
                                                   17.68p              81,447 
                                                  ------------------  ------------------- 
 
 (e)    Aggregated information                     N/A 
          *    Aggregated volume 
 
 
         - Price 
       -----------------------------------------  --------------------------------------- 
 (f)    Date of the transaction                    3 February 2023 
       -----------------------------------------  --------------------------------------- 
 (g)    Place of the transaction                   Not a trading venue 
       -----------------------------------------  --------------------------------------- 
 

For further information please contact:

Thruvision Group plc [phone]

Tom Black, Executive Chairman

Colin Evans, Chief Executive

   Investec Investment Banking (NOMAD & Broker)                   [phone] 

Patrick Robb / James Rudd / Sebastian Lawrence

FTI Consulting LLP [phone]

Matt Dixon

About Thruvision

Addressing the urgent need for "safe distance" people security screening in the COVID era, Thruvision is uniquely capable of detecting metallic and non-metallic items including weapons, explosives and contraband items that are hidden under clothing, at distances between 3 and 10m. Using patented passive terahertz technology, Thruvision completely removes the need for physical "pat-downs" and has been vetted and approved by the US Transportation Security Administration for surface transportation. Operationally deployed in 20 countries around the world, Thruvision is used for aviation security, retail supply chain loss prevention, customs and border control, and public area security. The company has offices near Oxford, and Washington DC.

www.thruvision.com

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February 03, 2023 02:00 ET (07:00 GMT)