Employee Benefit Trust Share Purchase

RNS Number : 7466A

Luceco PLC

31 May 2019

 

LUCECO PLC (the "Company")

Luceco plc confirms that on 29 May 2019, Link Trustees (Jersey) Limited, acting as trustee of the Luceco plc Employee Benefit Trust (the "EBT"), purchased in the market a total of 500,000 Ordinary shares of nominal value 0.05 pence each in the capital of the Company at a price of £1.19504 per share.

Immediately following settlement of the above transaction, the EBT will hold 4,249,530 Ordinary shares, representing 2.643% of the Company's issued share capital with voting rights. All shares held by the EBT will ultimately be used to satisfy share awards and options granted under the Company's various share incentive arrangements. 

The Executive Directors and Persons Discharging Managerial Responsibility of the Company, together with other employees, are included in the potential beneficiaries of the EBT and are therefore treated as having an interest in some of those shares and the dealings thereof.

The Company's issued ordinary share capital consists of 160,800,000 Ordinary shares of 0.05 pence each.

 

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