Business
Award of Share Options to Executive Directors
Award of Share Options to Executive Directors.
About this update from Thruvision Group Plc
[{"type":"text","content":"\n\n\n22 August 2023\nThruvision Group plc\n \nAward of Share Options to Executive Directors\nThruvision Group plc (AIM: THRU), (\"Thruvision\" ) the leading provider of walk-through security technology, announces that on 22 August 2023, Colin Evans (Chief Executive) and Victoria Balchin (Chief Financial Officer) were awarded options under the Company Long Term Incentive Plan (\"LTIP\").\nOn 22 August 2023 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.\n\n\n\nName\n\n\nType of option award\n\n\nNo of shares awarded \n\n\nExercise price on award\n\n\nMarket Value on award\n\n\nDate of vesting\n\n\n\n\nColin Evans\n\n\nUnapproved\n\n\n1,000,000\n\n\n£0.27\n\n\n£270,000\n\n\n22 August 2026\n\n\n\n\nVictoria Balchin\n\n\nEMI - Tax approved\n\n\n400,000\n\n\n£0.27\n\n\n£108,000\n\n\n22 August 2026\n\n\n\nThe awards were granted pursuant to separate Award Agreements entered into between Thruvision Group plc and each Executive Director noted in the table above.\nEach 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 Thruvision and will remain exercisable at any point up until the tenth anniversary of the date of grant.\nIn addition, the vesting of the awards are subject to the achievement of challenging performance conditions relating to revenue and adjusted EBITDA.\nIn total 2,585,000 awards were made over ordinary shares of 1 pence in Thruvision Group plc to 31 employees on 22 August 2023.\nThe notification in Appendix 1 to this announcement, made in accordance with the requirements of the Market Abuse Regulation, provides further detail:\nFor further information please contact:\n \n\n\n\nThruvision Group plc \nColin Evans, Chief Executive\nVictoria Balchin, Chief Financial Officer\n\n\n+44 (0)1235 425400\n\n\n\n\n\n\n\n\n\n\n\n\n...