Business
Replacement Director/PDMR Shareholding
Replacement Director/PDMR Shareholding.
About this update from Luceco Plc
[{"type":"text","content":"\n \nRNS Number : 5969H Luceco PLC 08 June 2017 \n\nLUCECO PLC (THE \"COMPANY\")\n \nREPLACEMENT ANNOUNCEMENT\n \nAmendments have been made to the 'Grant of awards under performance share plan' announcement released on 30 May 2017 at 11.53am under RNS number 5729G due to an incorrect exercise price having been used to calculate the number of shares awarded.\n \nThe full amended text is shown below.\n \n8 June 2017\n \nGRANT OF AWARDS UNDER PERFORMANCE SHARE PLAN\n \nThe 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.\n \nEach of the following PDMRs have 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:\n \n\n\n\n\nPDMR\n\n\nRole \n\n\nNumber of shares awarded\n\n\n\n\nJohn Hornby \n\n\nChief Executive Officer \n\n\n145,331\n\n\n\n\nDavid Main \n\n\nChief Financial Officer \n\n\n72,665\n\n\n\n\nWayne Hill\n\n\nGroup Commercial Director\n\n\n36,333\n\n\n\n\nIan Pritchard\n\n\nCompany Secretary\n\n\n24,378\n\n\n\n\nJohn Williams \n\n\nGroup Specification Director\n\n\n26,160\n\n\n\n\n \nIn addition each PDMR has been awarded a linked tax qualifying option over 12,457 shares at an exercise price of £2.408. 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.\n \nThe awards will vest subject to 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 2017 to 31 December 2019. No consideration was paid for any of the awards \n \nThis notification is made in accordance with the Market Abuse Regulation (\"MAR\"). Template notifications required by the MAR are attached to this announcement. \n \n\n\n\n\n1\n\n\n...