Luceco PLC Director/PDMR Shareholding (5109F)
February 21 2018 - 3:43AM
UK Regulatory
TIDMLUCE
RNS Number : 5109F
Luceco PLC
21 February 2018
LUCECO PLC (THE "COMPANY")
GRANT OF AWARDS UNDER LUCECO 2017 PERFORMANCE SHARE PLAN
The Company announces that Matthew Webb, a Person Discharging
Managerial Responsibility, has been granted an award under the
Luceco 2017 Performance Share Plan (the "PSP").
The award is in the form of a nil-cost option over 364,520
ordinary shares of 0.05 pence in the Company.
In addition Mr Webb has been awarded a linked tax qualifying
option over 36,452 shares at an exercise price of 82.3 pence. On
exercise the number of shares under the nil-cost option will be
reduced proportionally to take account of any gain on the exercise
of the tax qualifying option such that Mr Webb will not receive a
greater number of shares than is subject to the nil-cost
option.
The award will vest subject to the satisfaction of performance
conditions measuring the Company's earnings per share and total
shareholder return performance over the performance period, which
runs from 1 January 2018 to 31 December 2020. No consideration was
paid for the award.
This notification is made in accordance with the Market Abuse
Regulation ("MAR"). Template notifications required by the MAR are
attached to this announcement.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Matt Webb
2 Reason for the notification
a) Position/status PDMR
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Luceco PLC
b) LEI 213800BBFZK4W4P98U76
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 financial Ordinary shares of GBP0.0005 each
instrument, type of instrument ISIN: GB00BZC0LP49
Identification code
b) Nature of transaction An award of Ordinary Shares made under the Luceco PLC Performance Share
Plan ("PSP") on 11
March 2018.
c) Price(s) and volume(s) Price(s) Volume(s)
1. 82.3 pence 1. 364,520
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 19 February 2018
f) Place of the transaction Outside a trading venue
Further enquiries:
For further information, please contact
Luceco plc via MHP Communications
John Hornby, Chief Executive 020 3128 8100
Officer
MHP Communications
Tim Rowntree
James White
Ollie Hoare 020 3128 8100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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