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THRU Thruvision Group Plc

18.00
0.00 (0.00%)
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
  0.00 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

Thruvision Group PLC Award of Share Options to Executive Directors (5520N)

18/01/2019 4:02pm

UK Regulatory


Thruvision (LSE:THRU)
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RNS Number : 5520N

Thruvision Group PLC

18 January 2019

18 January 2019

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 international security market, announces that on 18 January 2019, Colin Evans (Managing Director) and Ian Lindsay (Finance Director) were awarded options under the Company Long Term Incentive Plan ("LTIP").

On 18 January 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 award 
                                                    on award 
 Colin Evans   Unapproved           870,370        GBP0.27     GBP234,999.90   18 January 
                                                                                2022 
              -------------------  -------------  ----------  --------------  ---------------- 
 Ian Lindsay   EMI - Tax approved   100,000        GBP0.27      GBP27,000.00   18 January 
                                                                                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 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 challenging performance conditions relating to revenue and profit in the year ending 31 March 2022.

In total 2,203,888 awards were made over ordinary shares of 1 pence in Thruvision Group plc to 13 employees on 18 January 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 425 400

Tom Black, Executive Chairman

Colin Evans, Managing Director

Investec Bank plc +44 (0)20 7597 5970

Andrew Pinder / Sebastian Lawrence / Patrick Robb

FTI Consulting LLP +44 (0)20 3727 1000

Matt Dixon / Harry Staight

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. More than 200 units have been deployed worldwide over the last five years for applications including mass transit and aviation security, facilities and public area protection, customs and border control and supply chain loss prevention.

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                            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 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 870,370 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                                                                       870,370 
  ------------------------------------------------------------------------  ----------------------- 
 
 (e)    Aggregated information                     N/A 
          *    Aggregated volume 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------------- 
 (f)    Date of the transaction                    18 January 2019 
       -----------------------------------------  ------------------------------------------------- 
 (g)    Place of the transaction                   Outside a trading venue 
       -----------------------------------------  ------------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                       Ian Lindsay 
       -----------------------------------------  ------------------------------------------------- 
 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 100,000 Ordinary Shares of 1pence 
                                                    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                                                                       100,000 
  ------------------------------------------------------------------------  ----------------------- 
 
 (e)    Aggregated information                     N/A 
          *    Aggregated volume 
 
 
         - Price 
       -----------------------------------------  ------------------------------------------------- 
 (f)    Date of the transaction                    18 January 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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January 18, 2019 11:02 ET (16:02 GMT)

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