LUCECO PLC — Remuneration Information 2020

Jul 16, 2020

National Storage Mechanism | Additional information

RNS Number : 2517T

Luceco PLC

16 July 2020

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 14 July 2020, 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	329,736
Matt Webb	Chief Financial Officer	282,631
Wayne Hill	Managing Director - Europe	103,631
David Nix	Director of Group Finance	87,144
James Hall	Corporate Development Director	85,750

In addition each PDMR has been awarded a linked tax qualifying option over 27,440 shares at an exercise price of £1.0933. 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 the PDMR will not receive a greater number of shares than is subject to the nil-cost option.

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 2020 to 31 December 2022. 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.   Wayne Hill 4.   David Nix 5.   James Hall
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 instrument, type of instrument Identification code	Ordinary shares of £0.0005 each   ISIN: GB00BZC0LP49
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 2.   Nil 3.   Nil 4.   Nil 5.   Nil	1.   329,736 2.   282,631 3.   103,631 4.   87,144 5.   85,750
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single transaction)
e)	Date of the transaction	2020-07-14
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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