Thruvision Group PLC Award of Share Options to Executive Directors (1992C)
January 18 2018 - 2:00AM
UK Regulatory
TIDMTHRU
RNS Number : 1992C
Thruvision Group PLC
18 January 2018
18 January 2018
Thruvision Group plc
Award of Share Options to Executive Directors
Thruvision Group plc (AIM: THRU), ("Thruvision" the "Company")
the specialist provider of people-screening technology to the
global security market, announces that on 17 January 2018, Tom
Black, (Executive Chairman), and Colin Evans (Managing Director)
were awarded options under the Company Long Term Incentive Plan
("LTIP"). On 16 January 2018, Colin Evans (Managing Director)
surrendered his current entitlement under the LTIP.
On 17 January 2018 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 No of Exercise Market Date of
option award shares price Value vesting
awarded on award on award
---------- -------------- ---------- ---------- -------------- -----------
Tom Black EMI - Tax 585,175 GBP0.1538 GBP89,999,91 17 January
approved 2021
---------- -------------- ---------- ---------- -------------- -----------
Colin EMI - Tax 1,625,487 GBP0.1538 GBP249,999.90 17 January
Evans approved 2021
---------- -------------- ---------- ---------- -------------- -----------
Colin Unapproved 374,513 GBP0.1538 GBP57,600.09 17 January
Evans 2021
---------- -------------- ---------- ---------- -------------- -----------
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 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 total 5,850,175 awards were made over ordinary shares of 1
pence in Thruvision Group plc to 20 employees on 17 January
2018.
On 16 January 2018, in contemplation of the grant of the awards
detailed above, Colin Evans surrendered all rights and entitlements
in connection with the following nil cost awards over ordinary
shares of 1 pence in Thruvision Group plc which were granted under
the Thruvision Group plc Long Term Incentive Plan (formerly the
Digital Barriers Plc Long Term Incentive Plan):
Type of Option Date of Number of shares Exercise
award grant under award price
--------------- -------- ----------------- ---------
Unapproved 2 July 500,000 Nil
2015
--------------- -------- ----------------- ---------
Unapproved 28 July 250,000 Nil
2016
--------------- -------- ----------------- ---------
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
Tom Black, Executive Chairman
Colin Evans, Managing Director +44 (0)20 3553 5888
Investec Bank plc (Financial
Adviser, NOMAD & Broker)
Andrew Pinder / Sebastian Lawrence
/ Patrick Robb +44 (0)20 7597 5970
FTI Consulting LLP
Edward Bridges / Matt Dixon
/ Harry Staight +44 (0)20 3727 1000
About Thruvision
Thruvision Group plc is a specialist provider of
people-screening technology that can safely see weapons, explosives
and contraband hidden in peoples' clothing. Developed with
extensive support from the British and US Governments, Thruvision
technology is operationally proven and is being used to enhance the
security of transport hubs, borders, high profile buildings and
public areas.
www.thruvision.com
Appendix 1
1. Details of the person discharging managerial
responsibilities/person closely associated
----- ---------------------------------------------------------------------
(a) Name Tom Black
----- ---------------------------- ---------------------------------------
2. Reason for the notification
----- ---------------------------------------------------------------------
(a) Position/status Executive Chairman
----- ---------------------------- ---------------------------------------
(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 Ordinary shares of GBP0.01
of the Financial each in Thruvision Group plc
Instrument
----- ---------------------------- ---------------------------------------
(b) Identification GB00B627R876
code of the
Financial Instrument
----- ---------------------------- ---------------------------------------
(c) Nature of the Entry into an Award Agreement
transaction pursuant to which a tax advantaged
Enterprise Management Incentive
Award was granted over 585,175
Ordinary Shares of 1 pence
each in Thruvision Group plc.
The award was granted with
an option price of GBP0.1538
per share and will ordinarily
become exercisable three years
from the date of grant, subject
to the grantee's continued
service, and once exercisable
may be exercised at any point
up until the tenth anniversary
of the date of grant.
----- ---------------------------- ---------------------------------------
(d) Price(s) and Price(s) Volume(s)
volume(s)
------------------- ------------------
nil 585,175
------------------------------------------------------ ------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
----- ---------------------------- ---------------------------------------
(f) Date of the 17 January 2018
transaction
----- ---------------------------- ---------------------------------------
(g) Place of the Outside a trading venue
transaction
----- ---------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
----- -----------------------------------------------------------------------
(a) Name Colin Evans
----- ---------------------------- -----------------------------------------
2. Reason for the notification
----- -----------------------------------------------------------------------
(a) Position/status Managing 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 Ordinary shares of GBP0.01
of the Financial each in Thruvision Group plc
Instrument
----- ---------------------------- -----------------------------------------
(b) Identification GB00B627R876
code of the
Financial Instrument
----- ---------------------------- -----------------------------------------
(c) Nature of the Entry into an Award Agreement
transaction pursuant to which the following
option awards were granted
under the Thruvision Group
plc Long Term Incentive Plan:
(i) a tax advantaged Enterprise
Management Incentive Award
over 1,625,487 Ordinary Shares
of 1 pence each in Thruvision
Group plc; and
(ii) a non-tax advantaged award
over 374,513 Ordinary Shares
of 1 pence each in Thruvision
Group plc.
Each award was granted with
an option price of GBP0.1538
per share and will ordinarily
become exercisable three years
from the date of grant, subject
to the grantee's continued
service, and once exercisable
may be exercised at any point
up until the tenth anniversary
of the date of grant.
----- ---------------------------- -----------------------------------------
(d) Price(s) and Price(s) Volume(s)
volume(s)
------------------- --------------------
nil 2,000,000
------------------------------------------------------ --------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
----- ---------------------------- -----------------------------------------
(f) Date of the 17 January 2018
transaction
----- ---------------------------- -----------------------------------------
(g) Place of the Outside a trading venue
transaction
----- ---------------------------- -----------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
----- ----------------------------------------------------------------------------
(a) Name Colin Evans
----- ---------------------------- ----------------------------------------------
2. Reason for the notification
----- ----------------------------------------------------------------------------
(a) Position/status Managing 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 Ordinary shares of GBP0.01
of the Financial each in Thruvision Group plc
Instrument
----- ---------------------------- ----------------------------------------------
(b) Identification GB00B627R876
code of the
Financial Instrument
----- ---------------------------- ----------------------------------------------
(c) Nature of the Entry into a deed of surrender
transaction pursuant to which the following
option awards held by Colin
Evans under the Thruvision
Group plc Long Term Incentive
Plan were surrendered in full:
(iii) a non-tax advantaged
option award over 500,000 Ordinary
Shares of 1 pence each in Thruvision
Group plc, granted on 2 July
2015 with an option price of
nil; and
(iv) a non-tax advantaged option
award over 250,000 Ordinary
Shares of 1 pence each in Thruvision
Group plc, granted on 28 July
2016 with an option price of
nil.
----- ---------------------------- ----------------------------------------------
(d) Price(s) and Price(s) Volume(s)
volume(s)
---------------------- ----------------------
nil 750,000
--------------------------------------------------------- ----------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
----- ---------------------------- ----------------------------------------------
(f) Date of the 16 January 2017
transaction
----- ---------------------------- ----------------------------------------------
(g) Place of the Outside a trading venue
transaction
----- ---------------------------- ----------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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