Thruvision Group PLC Award of Share Options to Executive Directors (1073K)
22 Agosto 2023 - 5:56AM
UK Regulatory
TIDMTHRU
RNS Number : 1073K
Thruvision Group PLC
22 August 2023
22 August 2023
Thruvision Group plc
Award of Share Options to Executive Directors
Thruvision 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").
On 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.
Name Type of option No of shares Exercise Market Date of
award awarded price on Value on vesting
award award
Colin Evans Unapproved 1,000,000 GBP0.27 GBP270,000 22 August
2026
------------------- ------------- ---------- ----------- ----------
Victoria EMI - Tax approved 400,000 GBP0.27 GBP108,000 22 August
Balchin 2026
------------------- ------------- ---------- ----------- ----------
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 Thruvision 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 challenging performance conditions relating to
revenue and adjusted EBITDA.
In total 2,585,000 awards were made over ordinary shares of 1
pence in Thruvision Group plc to 31 employees on 22 August
2023.
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
Colin Evans, Chief Executive
Victoria Balchin, Chief Financial
Officer +44 (0)1235 425400
Investec Investment Banking (NOMAD
& Broker)
James Rudd / Patrick Robb / Sebastian
Lawrence +44 (0)20 7597 5970
Meare Consulting
Adrian Duffield +44 (0) 7990 858548
About Thruvision ( www.thruvision.com)
Thruvision is the leading developer, manufacturer and supplier
of walk-through security technology. Its technology is deployed in
more than 20 countries around the world by government and
commercial organisations in a wide range of security situations,
where large numbers of people need to be screened quickly, safely
and efficiently. Thruvision's patented technology is uniquely
capable of detecting concealed objects in real time using an
advanced AI-based detection algorithm. The Group has offices and
manufacturing capability in the UK and US.
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 1,000,000 Ordinary Shares
of 1 pence each in Thruvision Group
plc.
The award was granted with an option
price of GBP0.27 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 1,000,000
------------------------------------------------------------------------ -----------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
-------------------------------------------------
(f) Date of the transaction 22 August 2023
----------------------------------------- -------------------------------------------------
(g) Place of the transaction Outside a trading venue
----------------------------------------- -------------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Victoria Balchin
----------------------------------------- -------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------------------
(a) Position/status Chief Financial Officer
----------------------------------------- -------------------------------------------------
(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 400,000 Ordinary Shares of 1 pence
each in Thruvision Group plc.
The award was granted with an option
price of GBP0.27 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 400,000
------------------------------------------------------------------------ -----------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
-------------------------------------------------
(f) Date of the transaction 22 August 2023
----------------------------------------- -------------------------------------------------
(g) Place of the transaction Outside a trading venue
----------------------------------------- -------------------------------------------------
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END
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