Thruvision Group PLC Sharesave option grant to Executive Director (6072Z)
January 25 2022 - 11:06AM
UK Regulatory
TIDMTHRU
RNS Number : 6072Z
Thruvision Group PLC
25 January 2022
25 January 2022
Thruvision Group plc
(" Thruvision " or the " Group ")
Sharesave option grant to Executive Director
Thruvision (AIM:THRU), the leading provider of "safe distance"
people-screening technology to the international security market
announces a grant of share options under the Thruvision Sharesave
Scheme (the "Scheme").
Earlier today the Remuneration Committee of the Group granted,
under the rules of the Scheme, an option over 64,285 Ordinary 1p
shares with an exercise price of 22.4 pence per share to Colin
Evans (Chief Executive).
The exercise price, set on 30 December 2021, is calculated on
the basis of 80% of the closing middle market price of Thruvision
shares on 29 December 2021. The option may be exercised between 1
March 2025 and 31 August 2025, assuming the conditions of the
Scheme are met.
Immediately prior to this grant, Colin Evans had 90,000 options
under the scheme which have vested but have yet to be exercised at
an option price of 20p.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail:
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
Financial Instrument
----------------------------------------- ---------------------------------------
(b) Identification code GB00B627R876
of the Financial
Instrument
----------------------------------------- ---------------------------------------
(c) Nature of the transaction Grant of Options under the Sharesave
Scheme.
----------------------------------------- ---------------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
------------------ -------------------
22.4p 64,285
------------------ -------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
----------------------------------------- ---------------------------------------
(f) Date of the transaction 25 January 2022
----------------------------------------- ---------------------------------------
(g) Place of the transaction Not a trading venue
----------------------------------------- ---------------------------------------
For further information please contact:
Thruvision Group plc
Colin Evans, Chief Executive +44 (0)1235 425
Tom Black, Executive Chairman 400
Investec Bank plc
Patrick Robb / James Rudd / Sebastian +44 (0)20 7597
Lawrence 5970
FTI Consulting LLP +44 (0)20 3727
Matt Dixon / Tom Blundell 1000
About Thruvision
Addressing the urgent need for "safe distance" people security
screening in the COVID era, Thruvision is uniquely capable of
detecting metallic and non-metallic items including weapons,
explosives and contraband items that are hidden under clothing, at
distances between 3 and 10m. Using patented passive terahertz
technology, 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 security, retail supply chain loss prevention,
customs and border control, and public area security. The company
has offices near Oxford, and Washington DC.
www.thruvision.com
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END
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