Sharesave option grant to Executive Director

RNS Number : 9371Q

Thruvision Group PLC

24 October 2019

 

RNS

24 October 2019

Thruvision Group plc

("Thruvision" )

Sharesave option grant to Executive Director

Thruvision (AIM: THRU), the specialist provider of people-screening technology to the international security market, announces a grant of share options under the Thruvision Sharesave Scheme (the "Scheme").

The 2019 launch of the Scheme closed at 5pm on 23 October 2019. Only applications received before this time will be awarded share options under the Scheme.

Adrian Crockett (Finance Director) will be granted, under the rules of the Scheme, an option over 8,152 ordinary shares of 1p each with an exercise price of 22.08 pence per share.

The exercise price, set on 8 October 2019, is calculated on the basis of 80% of the closing middle market price of Thruvision shares on 7 October 2019. The option may be exercised between 1 December 2022 and 30 May 2023, assuming the conditions of the Scheme are met.

Immediately prior to this grant, Adrian Crockett did not have any entitlement under the Scheme.

In total 13 employees applied to be granted share options under the Scheme resulting in the anticipated award of 410,863 options in the week commencing 28 October 2019.

For further information please contact:

Thruvision Group plc                                                                     [phone]

Tom Black, Executive Chairman

Colin Evans, Chief Executive

Investec Bank plc                                                                             [phone]

James Rudd / Sebastian Lawrence / Patrick Robb

FTI Consulting LLP                                                                           [phone]

Matt Dixon / Shamma Kelly

About Thruvision

Thruvision Group plc is a specialist provider of people-screening technology. Using patented passive terahertz technology, Thruvision is uniquely capable of detecting metallic and non-metallic threats including weapons, explosives and contraband items that are hidden under clothing, at distances up to 10m. Addressing the growing need for fast, safe and effective security, Thruvision has been vetted and approved by the US Transportation Security Administration. Operationally deployed in 20 countries around the world, Thruvision is used for a range of applications including mass transit and aviation security, facilities and public area protection, customs and border control and supply chain loss prevention. The company has offices near Oxford, in Washington DC, and in Sydney.

www.thruvision.com 

 

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