Thruvision Group PLC Award of Share Options to Executive Directors (1681P)
08 Ottobre 2019 - 3:00PM
UK Regulatory
TIDMTHRU
RNS Number : 1681P
Thruvision Group PLC
08 October 2019
8 October 2019
Thruvision Group plc
Award of Share Options to Executive Directors
Thruvision Group plc (AIM: THRU), ("Thruvision" ) the specialist
provider of people-screening technology to the international
security market, announces that on 8 October 2019, Colin Evans
(Chief Executive) and Adrian Crockett (Finance Director) were
awarded options under the Company Long Term Incentive Plan
("LTIP").
On 8 October 2019 the following awards over ordinary shares of 1
pence in Thruvision Group plc were granted under the Thruvision
Group plc Long Term Incentive Plan to the Executive Directors
detailed below.
Name Type of option No of shares Exercise Market Value Date of vesting
award awarded price on on award
award
Colin Evans Unapproved 851,449 GBP0.276 GBP234,999.92 8 October 2022
------------------- ------------- ---------- -------------- ----------------
Adrian Crockett EMI - Tax approved 400,000 GBP0.276 GBP110,400.00 8 October 2022
------------------- ------------- ---------- -------------- ----------------
The awards were granted pursuant to separate Award Agreements
entered into between Thruvision Group plc and each Executive
Director noted in the table above.
Each award (regardless of whether it was granted as an EMI award
or a non-tax advantaged award) will ordinarily become exercisable
on the third anniversary of the grant, subject to the grantee's
continued service with the Thruvision group and will remain
exercisable at any point up until the tenth anniversary of the date
of grant.
In addition, the vesting of the awards are subject to the
achievement of a challenging performance condition relating to
revenue and profit in the year ending 31 March 2022.
In total 2,382,931 awards were made over ordinary shares of 1
pence in Thruvision Group plc to 10 employees on 8 October
2019.
The notification in appendix 1 to this announcement, made in
accordance with the requirements of the EU Market Abuse Regulation,
provides further detail:
For further information please contact:
Thruvision Group plc +44 (0)1235 436180
Tom Black, Executive Chairman
Colin Evans, Chief Executive
Investec Bank plc (NOMAD & Broker) +44 (0)20 7597 5970
James Rudd / Sebastian Lawrence / Patrick Robb
FTI Consulting LLP +44 (0)20 3727 1000
Matt Dixon / Shamma Kelly
About Thruvision
Thruvision Group plc is a specialist provider of
people-screening technology. Using patented passive terahertz
technology, Thruvision is uniquely capable of detecting metallic
and non-metallic threats including weapons, explosives and
contraband items that are hidden under clothing, at distances up to
10m. Addressing the growing need for fast, safe and effective
security, Thruvision has been vetted and approved by the US
Transportation Security Administration. Operationally deployed in
20 countries around the world, Thruvision is used for a range of
applications including mass transit and aviation security,
facilities and public area protection, customs and border control
and supply chain loss prevention. The company has offices near
Oxford, in Washington DC, and in Sydney."
www.thruvision.com
Appendix 1
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Colin Evans
----------------------------------------- -------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------------------
(a) Position/status Chief Executive
----------------------------------------- -------------------------------------------------
(b) Initial notification/ Initial notification
Amendment
----------------------------------------- -------------------------------------------------
3. Details of the issuer
--------------------------------------------------------------------------------------------
(a) Name Thruvision Group plc
----------------------------------------- -------------------------------------------------
(b) LEI 213800IZG9GM6G2TZE04
----------------------------------------- -------------------------------------------------
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 Ordinary shares of GBP0.01 each in Thruvision
Financial Instrument Group plc
----------------------------------------- -------------------------------------------------
(b) Identification code GB00B627R876
of the Financial
Instrument
----------------------------------------- -------------------------------------------------
(c) Nature of the transaction Entry into an Award Agreement pursuant
to which a non-tax advantaged option
award over 851,449 Ordinary Shares of
1 pence each in Thruvision Group plc.
The award was granted with an option
price of GBP0.276 per share and will
ordinarily become exercisable three
years from the date of grant, subject
to the grantee's continued service and
satisfaction of the Performance Condition,
and once exercisable may be exercised
at any point up until the tenth anniversary
of the date of grant.
----------------------------------------- -------------------------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
------------------------ -----------------------
nil 851,449
------------------------------------------------------------------------ -----------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
----------------------------------------- -------------------------------------------------
(f) Date of the transaction 8 October 2019
----------------------------------------- -------------------------------------------------
(g) Place of the transaction Outside a trading venue
----------------------------------------- -------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Adrian Crockett
----------------------------------------- -------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------------------
(a) Position/status Finance Director
----------------------------------------- -------------------------------------------------
(b) Initial notification/ Initial notification
Amendment
----------------------------------------- -------------------------------------------------
3. Details of the issuer
--------------------------------------------------------------------------------------------
(a) Name Thruvision Group plc
----------------------------------------- -------------------------------------------------
(b) LEI 213800IZG9GM6G2TZE04
----------------------------------------- -------------------------------------------------
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 Ordinary shares of GBP0.01 each in Thruvision
Financial Instrument Group plc
----------------------------------------- -------------------------------------------------
(b) Identification code GB00B627R876
of the Financial
Instrument
----------------------------------------- -------------------------------------------------
(c) Nature of the transaction Entry into an Award Agreement pursuant
to which a tax advantaged Enterprise
Management Incentive Award was granted
over 400,000 Ordinary Shares of 1pence
each in Thruvision Group plc.
The award was granted with an option
price of GBP0.276 per share and will
ordinarily become exercisable three
years from the date of grant, subject
to the grantee's continued service and
satisfaction of the Performance Condition,
and once exercisable may be exercised
at any point up until the tenth anniversary
of the date of grant.
----------------------------------------- -------------------------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
------------------------ -----------------------
nil 400,000
------------------------------------------------------------------------ -----------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
----------------------------------------- -------------------------------------------------
(f) Date of the transaction 8 October 2019
----------------------------------------- -------------------------------------------------
(g) Place of the transaction Outside a trading venue
----------------------------------------- -------------------------------------------------
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END
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