ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

THRU Thruvision Group Plc

17.50
-0.50 (-2.78%)
Last Updated: 08:00:00
Delayed by 15 minutes
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
  -0.50 -2.78% 17.50 17.00 18.00 17.50 17.50 17.50 15,000 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

Thruvision Group PLC Award of Share Options to Executive Directors (1992C)

18/01/2018 7:00am

UK Regulatory


Thruvision (LSE:THRU)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Thruvision Charts.

TIDMTHRU

RNS Number : 1992C

Thruvision Group PLC

18 January 2018

18 January 2018

Thruvision Group plc

Award of Share Options to Executive Directors

Thruvision Group plc (AIM: THRU), ("Thruvision" the "Company") the specialist provider of people-screening technology to the global security market, announces that on 17 January 2018, Tom Black, (Executive Chairman), and Colin Evans (Managing Director) were awarded options under the Company Long Term Incentive Plan ("LTIP"). On 16 January 2018, Colin Evans (Managing Director) surrendered his current entitlement under the LTIP.

On 17 January 2018 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         No of       Exercise    Market          Date of 
              option award    shares      price       Value           vesting 
                              awarded     on award    on award 
----------  --------------  ----------  ----------  --------------  ----------- 
 Tom Black   EMI - Tax       585,175     GBP0.1538    GBP89,999,91   17 January 
              approved                                                2021 
----------  --------------  ----------  ----------  --------------  ----------- 
 Colin       EMI - Tax       1,625,487   GBP0.1538   GBP249,999.90   17 January 
  Evans       approved                                                2021 
----------  --------------  ----------  ----------  --------------  ----------- 
 Colin       Unapproved      374,513     GBP0.1538    GBP57,600.09   17 January 
  Evans                                                               2021 
----------  --------------  ----------  ----------  --------------  ----------- 
 

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 the Thruvision group, and will remain exercisable at any point up until the tenth anniversary of the date of grant.

In total 5,850,175 awards were made over ordinary shares of 1 pence in Thruvision Group plc to 20 employees on 17 January 2018.

On 16 January 2018, in contemplation of the grant of the awards detailed above, Colin Evans surrendered all rights and entitlements in connection with the following nil cost awards over ordinary shares of 1 pence in Thruvision Group plc which were granted under the Thruvision Group plc Long Term Incentive Plan (formerly the Digital Barriers Plc Long Term Incentive Plan):

 
 Type of Option   Date of   Number of shares   Exercise 
  award            grant     under award        price 
---------------  --------  -----------------  --------- 
 Unapproved       2 July    500,000            Nil 
                   2015 
---------------  --------  -----------------  --------- 
 Unapproved       28 July   250,000            Nil 
                   2016 
---------------  --------  -----------------  --------- 
 

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 
  Tom Black, Executive Chairman 
  Colin Evans, Managing Director        +44 (0)20 3553 5888 
 Investec Bank plc (Financial 
  Adviser, NOMAD & Broker) 
  Andrew Pinder / Sebastian Lawrence 
  / Patrick Robb                        +44 (0)20 7597 5970 
 FTI Consulting LLP 
  Edward Bridges / Matt Dixon 
  / Harry Staight                       +44 (0)20 3727 1000 
 

About Thruvision

Thruvision Group plc is a specialist provider of people-screening technology that can safely see weapons, explosives and contraband hidden in peoples' clothing. Developed with extensive support from the British and US Governments, Thruvision technology is operationally proven and is being used to enhance the security of transport hubs, borders, high profile buildings and public areas.

www.thruvision.com

Appendix 1

 
 1.     Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  --------------------------------------------------------------------- 
 (a)    Name                          Tom Black 
-----  ----------------------------  --------------------------------------- 
 2.     Reason for the notification 
-----  --------------------------------------------------------------------- 
 (a)    Position/status               Executive Chairman 
-----  ----------------------------  --------------------------------------- 
 (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                   Ordinary shares of GBP0.01 
         of the Financial              each in Thruvision Group plc 
         Instrument 
-----  ----------------------------  --------------------------------------- 
 (b)    Identification                GB00B627R876 
         code of the 
         Financial Instrument 
-----  ----------------------------  --------------------------------------- 
 (c)    Nature of the                 Entry into an Award Agreement 
         transaction                   pursuant to which a tax advantaged 
                                       Enterprise Management Incentive 
                                       Award was granted over 585,175 
                                       Ordinary Shares of 1 pence 
                                       each in Thruvision Group plc. 
 
                                       The award was granted with 
                                       an option price of GBP0.1538 
                                       per share and will ordinarily 
                                       become exercisable three years 
                                       from the date of grant, subject 
                                       to the grantee's continued 
                                       service, and once exercisable 
                                       may be exercised at any point 
                                       up until the tenth anniversary 
                                       of the date of grant. 
-----  ----------------------------  --------------------------------------- 
 (d)    Price(s) and                  Price(s)             Volume(s) 
         volume(s) 
                                     -------------------  ------------------ 
   nil                                                     585,175 
  ------------------------------------------------------  ------------------ 
 
 (e)    Aggregated information        N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ----------------------------  --------------------------------------- 
 (f)    Date of the                   17 January 2018 
         transaction 
-----  ----------------------------  --------------------------------------- 
 (g)    Place of the                  Outside a trading venue 
         transaction 
-----  ----------------------------  --------------------------------------- 
 
 
 1.     Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ----------------------------------------------------------------------- 
 (a)    Name                          Colin Evans 
-----  ----------------------------  ----------------------------------------- 
 2.     Reason for the notification 
-----  ----------------------------------------------------------------------- 
 (a)    Position/status               Managing 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                   Ordinary shares of GBP0.01 
         of the Financial              each in Thruvision Group plc 
         Instrument 
-----  ----------------------------  ----------------------------------------- 
 (b)    Identification                GB00B627R876 
         code of the 
         Financial Instrument 
-----  ----------------------------  ----------------------------------------- 
 (c)    Nature of the                      Entry into an Award Agreement 
         transaction                        pursuant to which the following 
                                            option awards were granted 
                                            under the Thruvision Group 
                                            plc Long Term Incentive Plan: 
                                            (i) a tax advantaged Enterprise 
                                            Management Incentive Award 
                                            over 1,625,487 Ordinary Shares 
                                            of 1 pence each in Thruvision 
                                            Group plc; and 
                                            (ii) a non-tax advantaged award 
                                            over 374,513 Ordinary Shares 
                                            of 1 pence each in Thruvision 
                                            Group plc. 
                                            Each award was granted with 
                                            an option price of GBP0.1538 
                                            per share and will ordinarily 
                                            become exercisable three years 
                                            from the date of grant, subject 
                                            to the grantee's continued 
                                            service, and once exercisable 
                                            may be exercised at any point 
                                            up until the tenth anniversary 
                                            of the date of grant. 
-----  ----------------------------  ----------------------------------------- 
 (d)    Price(s) and                  Price(s)             Volume(s) 
         volume(s) 
                                     -------------------  -------------------- 
   nil                                                     2,000,000 
  ------------------------------------------------------  -------------------- 
 
 (e)    Aggregated information        N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ----------------------------  ----------------------------------------- 
 (f)    Date of the                   17 January 2018 
         transaction 
-----  ----------------------------  ----------------------------------------- 
 (g)    Place of the                  Outside a trading venue 
         transaction 
-----  ----------------------------  ----------------------------------------- 
 
 
 1.     Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ---------------------------------------------------------------------------- 
 (a)    Name                          Colin Evans 
-----  ----------------------------  ---------------------------------------------- 
 2.     Reason for the notification 
-----  ---------------------------------------------------------------------------- 
 (a)    Position/status               Managing 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                   Ordinary shares of GBP0.01 
         of the Financial              each in Thruvision Group plc 
         Instrument 
-----  ----------------------------  ---------------------------------------------- 
 (b)    Identification                GB00B627R876 
         code of the 
         Financial Instrument 
-----  ----------------------------  ---------------------------------------------- 
 (c)    Nature of the                      Entry into a deed of surrender 
         transaction                        pursuant to which the following 
                                            option awards held by Colin 
                                            Evans under the Thruvision 
                                            Group plc Long Term Incentive 
                                            Plan were surrendered in full: 
                                            (iii) a non-tax advantaged 
                                            option award over 500,000 Ordinary 
                                            Shares of 1 pence each in Thruvision 
                                            Group plc, granted on 2 July 
                                            2015 with an option price of 
                                            nil; and 
                                            (iv) a non-tax advantaged option 
                                            award over 250,000 Ordinary 
                                            Shares of 1 pence each in Thruvision 
                                            Group plc, granted on 28 July 
                                            2016 with an option price of 
                                            nil. 
-----  ----------------------------  ---------------------------------------------- 
 (d)    Price(s) and                  Price(s)                Volume(s) 
         volume(s) 
                                     ----------------------  ---------------------- 
   nil                                                        750,000 
  ---------------------------------------------------------  ---------------------- 
 
 (e)    Aggregated information        N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ----------------------------  ---------------------------------------------- 
 (f)    Date of the                   16 January 2017 
         transaction 
-----  ----------------------------  ---------------------------------------------- 
 (g)    Place of the                  Outside a trading venue 
         transaction 
-----  ----------------------------  ---------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBDLLFVFFLBBX

(END) Dow Jones Newswires

January 18, 2018 02:00 ET (07:00 GMT)

1 Year Thruvision Chart

1 Year Thruvision Chart

1 Month Thruvision Chart

1 Month Thruvision Chart

Your Recent History

Delayed Upgrade Clock