TIDMLUCE

RNS Number : 7898T

Luceco PLC

29 March 2021

LUCECO PLC (THE "COMPANY")

GRANT OF AWARDS UNDER PERFORMANCE SHARE PLAN

The Company announces that awards have been granted to the following Persons Discharging Managerial Responsibility ("PDMRs") under the Luceco 2017 Performance Share Plan ("PSP"), which was approved by shareholders at the Company's AGM held on 25 May 2017.

Each of the following PDMRs has, on 26 March 2021, been granted awards in the form of nil-cost options over the number of ordinary shares of 0.05 pence in the Company under the terms of the PSP as set out below:

 
     PDMR                    Role                 Number of shares 
                                                     subject to 
                                                        award 
 John Hornby        Chief Executive Officer            135,347 
               --------------------------------  ----------------- 
  Matt Webb         Chief Financial Officer            116,025 
               --------------------------------  ----------------- 
  James Hall    Corporate Development Director         35,210 
               --------------------------------  ----------------- 
  Wayne Hill      Managing Director - Europe           42,539 
               --------------------------------  ----------------- 
  David Nix        Director of Group Finance           35,769 
               --------------------------------  -----------------

The awards will vest subject to continued employment and the satisfaction of performance conditions measuring the Company's earnings per share and total shareholder return performance. The extent to which awards will vest will depend on the extent to which the performance conditions are satisfied over the performance period, which runs from 1 January 2021 to 31 December 2023. No consideration was paid for any of the awards.

This notification is made under Article 19.1 and in accordance with Article 19.3 of the Market Abuse Regulation 2015.

 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                  1. John Hornby 
                                            2. Matt Webb 
                                            3. James Hall 
                                            4. Wayne Hill 
                                            5. David Nix 
2    Reason for the notification 
a)   Position/status                             1. PDMR 
                                                  2. PDMR 
                                                  3. PDMR 
                                                  4. PDMR 
                                                  5. 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                 Grant of awards in the form of nil-cost options over ordinary shares of 
                                           0.05 pence in the 
                                           Company 
c)   Price(s) and volume(s)                Price(s)                               Volume(s) 
                                                 1. Nil                           1. 135,347 
                                                  2. Nil                           2. 116,025 
                                                  3. Nil                           3. 35,210 
                                                  4. Nil                           4. 42,539 
                                                  5. Nil                           5. 35,769 
d)   Aggregated information 
      - Aggregated volume                    N/A (Single transaction) 
      - Price 
e)   Date of the transaction               2021-03-26 
f)   Place of the transaction              Outside a trading venue (XOFF)

ENDS

For further information contact Matt Webb, Chief Financial Officer 01952 238180

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END

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March 29, 2021 05:08 ET (09:08 GMT)

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