LightwaveRF PLC Grant of Options (8728W)
February 15 2017 - 1:00AM
UK Regulatory
TIDMLWRF
RNS Number : 8728W
LightwaveRF PLC
15 February 2017
15 February 2017
LightwaveRF plc
(AIM: LWRF)
Grant of Options
LightwaveRF plc ("LightwaveRF" or the "Company"), the
proprietary IOT and connected devices specialist enabling the
remote control and monitoring of light, heat, power and security
through just one app, announces that it has granted to each of
Kevin Edwards and John Shermer, Executive Directors of the Company,
400,000 share options at an exercise price of 13 pence per share in
accordance with the Company's EMI Share Option Scheme.
The share options are exercisable after three years provided the
price of the Company's ordinary shares meets or exceeds 40 pence
per share.
In addition, a further 250,000 options in aggregate have been
awarded to three other employees on the same terms.
Following this award, Mr Edwards holds in aggregate options over
500,000 ordinary shares as detailed below.
No. of options Exercise Trigger Date from
price price for which exercisable
exercise
100,000 29p 80p 31/03/2018
400,000 13p 40p 14/02/2020
Following this award, Mr Shermer holds in aggregate options over
600,000 ordinary shares as detailed below.
No. of options Exercise Trigger Date from
price price for which exercisable
exercise
200,000 28p 80p 30/09/2018
400,000 13p 40p 14/02/2020
Contacts:
LightwaveRF plc www.lightwaveRF.com
Mike Lord, CEO +44 (0) 121 250
Kevin Edwards, CFO 3625
WH Ireland Limited www.whirelandplc.com
Mike Coe/Ed Allsopp (Corporate +44 (0) 117
Finance) 945 3470
Jasper Berry (Institutional +44 (0) 20 7220
Sales) 1666
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail on shares acquired.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Kevin Edwards
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Director
--- ----------------------------------------------------------------- ----------------------------
b) Initial notification/ Amendment Initial Notification
--- ----------------------------------------------------------------- ----------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------
a) Name LightwaveRF plc
--- ----------------------------------------------------------------- ----------------------------
b) LEI N/A
--- ----------------------------------------------------------------- ----------------------------
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 instrument, type of instrument Ordinary shares of 5p each
Identification code
GB00BKJ9BV58
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Grant of options
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
13p 400,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 400,000
GBP52,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 14 February 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction N/A
--- ----------------------------------------------------------------- ----------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name John Shermer
--- ----------------------------------------------------------------- ----------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Director
--- ----------------------------------------------------------------- ----------------------------
b) Initial notification/ Amendment Initial Notification
--- ----------------------------------------------------------------- ----------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------
a) Name LightwaveRF plc
--- ----------------------------------------------------------------- ----------------------------
b) LEI N/A
--- ----------------------------------------------------------------- ----------------------------
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 instrument, type of instrument Ordinary shares of 5p each
Identification code
GB00BKJ9BV58
--- ----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Grant of options
--- ----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
13p 400,000
--------- ----------
--- ----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 400,000
GBP52,000
* Price
--- ----------------------------------------------------------------- ----------------------------
e) Date of the transaction 14 February 2017
--- ----------------------------------------------------------------- ----------------------------
f) Place of the transaction N/A
--- ----------------------------------------------------------------- ----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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