Director/PDMR Shareholding

RNS Number : 5729G

Luceco PLC

30 May 2017

LUCECO PLC (THE "COMPANY")

GRANT OF AWARDS UNDER PERFORMANCE SHARE PLAN

The 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.

Each 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:

PDMR	Role	Number of shares awarded
John Hornby	Chief Executive Officer	140,959
David Main	Chief Financial Officer	70,479
Wayne Hill	Group Commerical Director	35,240
Ian Pritchard	Company Secretary	23,645
John Williams	Group Specification Director	25,373

In addition each PDMR has been awarded a linked tax qualifying option over 12,082 shares at an exercise price of £2.483. 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.

The 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

This notification is made in accordance with the Market Abuse Regulation ("MAR"). Template notifications required by the MAR are attached to this announcement.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1. John Hornby 2. David Main 3. Wayne Hill 4. Ian Pritchard 5. John Williams
2	Reason for the notification
a)	Position/status	1. PDMR 2. PDMR 3. PDMR 4. PDMR 5. PDMR
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Luceco PLC
b)	LEI	213800BBFZK4W4P98U76
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 financial instrument, type of instrument Identification code	Ordinary shares of £0.0005 each ISIN: GB00BZC0LP49
b)	Nature of transaction	1,2,3,4 and 5 - An award of Ordinary Shares made under the Luceco PLC Performance Share Plan ("PSP") on 25 May 2017.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £2.483 2. £2.483 3. £2.483 4. £2.483 5. £2.483	1. 140,959 2. 70,479 3. 35,240 4. 23,645 5. 25,373
d)	Aggregated information - Aggregated volume - Price	N/A (Single transaction)
e)	Date of the transaction	25 May 2017
f)	Place of the transaction	Outside a trading venue