3 February 2023
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").
The Remuneration Committee of the Group have granted, under the rules of the Scheme, an option over 81,447 Ordinary 1p shares with an exercise price of 17.68 pence per share to Victoria Balchin.
The exercise price, set on 11 January 2023, is calculated on the basis of 80% of the closing middle market price of Thruvision shares on 11 January 2023. The option may be exercised between 1 March 2026 and 31 August 2026, assuming the conditions of the Scheme are met.
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 | Victoria Balchin | |
| 2. | Reason for the notification | ||
| (a) | Position/status | Chief Financial Officer | |
| (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) |
| | | 17.68p | 81,447 |
| | |
| |
| (e) | Aggregated information - Aggregated volume - Price | N/A | |
| (f) | Date of the transaction | 3 February 2023 | |
| (g) | Place of the transaction | Not a trading venue | |
For further information please contact:
Thruvision Group plc +44 (0)1235 425400
Tom Black, Executive Chairman
Colin Evans, Chief Executive
Investec Investment Banking (NOMAD & Broker) +44 (0)20 7597 5970
Patrick Robb / James Rudd / Sebastian Lawrence
FTI Consulting LLP +44 (0)20 3727 1000
Matt Dixon
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.
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