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LUCECO PLC — Remuneration Information 2019
Apr 12, 2019
4958_dirs_2019-04-12_e62d1e55-6502-4311-8e46-cef9aa1a953d.html
Remuneration Information
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RNS Number : 0809W
Luceco PLC
12 April 2019
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").
Each of the following PDMRs have 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 awarded |
| John Hornby | Chief Executive Officer | 463,269 |
| Matt Webb | Chief Financial Officer | 397,088 |
| Wayne Hill | Managing Director - Europe | 145,599 |
| David Nix | Director of Group Finance | 122,435 |
The awards will vest subject to the satisfaction of performance conditions measuring the Company's earnings per share and total shareholder return performance. Earnings per share will be measured over the three financial years from 1 January 2019 to 31 December 2021. Total shareholder return will be measured over the three year period from 10 April 2019 to 10 April 2022. No consideration was paid for any of the awards.
Notification of transactions by persons discharging managerial responsibilities ("PDMRs")
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | 1. John Hornby 2. Matt Webb 3. Wayne Hill 4. David Nix |
|
| 2 | Reason for the notification | ||
| a) | Position/status | 1. CEO 2. CFO 3. Managing Director - Europe 4. Director of Group Finance |
|
| 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 instrument, type of instrument Identification code |
Awards of ordinary shares of £0.0005 each ISIN: GB00BZC0LP49 |
|
| b) | Nature of transaction | 1,2,3 and 4 - An award of Ordinary Shares made under the Luceco PLC Performance Share Plan ("PSP") on 10 April 2019. No consideration was paid for the grant of the awards. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1. Nil 2. Nil 3. Nil 4. Nil |
1. 463,269 2. 397,088 3. 145,599 4. 122,435 |
||
| d) | Aggregated information - Aggregated volume - Price |
N/A (Single transaction) | |
| e) | Date of the transaction | 10 April 2019 | |
| f) | Place of the transaction | Outside a trading venue (XOFF) |
The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.
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 [email protected] or visit www.rns.com.
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