Sharesave option grant to Executive Director

RNS Number : 6072Z

Thruvision Group PLC

25 January 2022

 

25 January 2022

Thruvision Group plc

(" Thruvision " or the " Group ")

Sharesave option grant to Executive Director  

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

Earlier today the Remuneration Committee of the Group granted, under the rules of the Scheme, an option over 64,285 Ordinary 1p shares with an exercise price of 22.4 pence per share to Colin Evans (Chief Executive).

The exercise price, set on 30 December 2021, is calculated on the basis of 80% of the closing middle market price of Thruvision shares on 29 December 2021. The option may be exercised between 1 March 2025 and 31 August 2025, assuming the conditions of the Scheme are met.

Immediately prior to this grant, Colin Evans had 90,000 options under the scheme which have vested but have yet to be exercised at an option price of 20p.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

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/ Amendment	Initial notification
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 Financial Instrument	Ordinary shares of £0.01 each
(b)	Identification code of the Financial Instrument	GB00B627R876
(c)	Nature of the transaction	Grant of Options under the Sharesave Scheme.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		22.4p	64,285
(e)	Aggregated information -  Aggregated volume -   Price	N/A
(f)	Date of the transaction	25 January 2022
(g)	Place of the transaction	Not a trading venue

For further information please contact:

Thruvision Group plc Colin Evans, Chief Executive Tom Black, Executive Chairman	[phone]
Investec Bank plc Patrick Robb / James Rudd / Sebastian Lawrence	[phone]
FTI Consulting LLP Matt Dixon / Tom Blundell	[phone]

About Thruvision

Addressing the urgent need for "safe distance" people security screening in the COVID era, Thruvision is uniquely capable of detecting metallic and non-metallic items including weapons, explosives and contraband items that are hidden under clothing, at distances between 3 and 10m. Using patented passive terahertz technology, Thruvision completely removes the need for physical "pat-downs" and has been vetted and approved by the US Transportation Security Administration for surface transportation. Operationally deployed in 20 countries around the world, Thruvision is used for aviation security, retail supply chain loss prevention, customs and border control, and public area security. The company has offices near Oxford, and Washington DC.

www.thruvision.com

 

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