Thruvision Group PLC Award of Share Options to Executive Directors (1062U)
November 30 2021 - 12:39PM
UK Regulatory
TIDMTHRU
RNS Number : 1062U
Thruvision Group PLC
30 November 2021
30 November 2021
Thruvision Group plc
Award of Share Options to Executive Directors
Thruvision Group plc (AIM: THRU), ("Thruvision" ) the leading
provider of safe distance people-screening technology to the
international security market, announces that on 30 November 2021,
Colin Evans (Chief Executive) and Adrian Crockett (Finance
Director) were awarded options under the Company Long Term
Incentive Plan ("LTIP").
On 30 November 2021 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 800,000 GBP0.1875 GBP150,000 30 November
2024
------------------- ------------- ---------- ------------- ----------------
Adrian Crockett EMI - Tax approved 200,000 GBP0.1875 GBP37,500 30 November
2024
------------------- ------------- ---------- ------------- ----------------
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 addition, the vesting of the awards are subject to the
achievement of a challenging performance condition relating to
revenue in the three year period ending 31 March 2024.
In total 2,370,000 awards were made over ordinary shares of 1
pence in Thruvision Group plc to 16 employees on 30 November
2021.
The notification in appendix 1 to this announcement, made in
accordance with the requirements of the 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 +44 (0)20 7597 5970
James Rudd / Sebastian Lawrence / Patrick Robb
FTI Consulting LLP +44 (0)20 3727 1000
Matt Dixon / Tom Blundell
About Thruvision
Thruvision is the leading provider of safe distance
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
between 3 and 10m. Addressing the growing need for fast, safe and
effective security, Thruvision completely removes the need for
physical "pat-downs" and has been vetted and approved by the US
Transportation Security Administration for surface transportation.
Operationally deployed in 20 countries around the world, Thruvision
is used for aviation and transportation security, retail supply
chain loss prevention, facilities and public area protection and
customs and border control. The company has offices near Oxford and
Washington DC.
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 800,000 Ordinary Shares of
1 pence each in Thruvision Group plc.
The award was granted with an option
price of GBP0.1875 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 800,000
------------------------------------------------------------------------ -----------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
----------------------------------------- -------------------------------------------------
(f) Date of the transaction 30 November 2021
----------------------------------------- -------------------------------------------------
(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 200,000 Ordinary Shares of 1pence
each in Thruvision Group plc.
The award was granted with an option
price of GBP0.1875 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 200,000
------------------------------------------------------------------------ -----------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
----------------------------------------- -------------------------------------------------
(f) Date of the transaction 30 November 2021
----------------------------------------- -------------------------------------------------
(g) Place of the transaction Outside a trading venue
----------------------------------------- -------------------------------------------------
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