Award of Share Options
Thruvision Group plc announced on January 5, 2026, that it granted 26,600,000 share options under its Long Term Incentive Plan to a director and other employees. Notably, Chief Executive Officer Victoria Balchin received 10,000,000 options with an exercise price of £0.01 and a market value of £95,000 on the award date, vesting on January 5, 2029, subject to continued service and performance conditions. All options have an exercise price of £0.01 and are intended to retain and incentivize key personnel.
Select text to share a quote on X · sign in to keep highlights & notes in your THRU notes
Thruvision Group plc (AIM: THRU), ("Thruvision" or the "Company") a leading provider of walk-through security technology, announces that, on 5 January 2026, Thruvision granted 26,600,000 options over ordinary shares of 1 pence in Thruvision ("Options") under the Thruvision Group plc Long Term Incentive Plan ("LTIP") to a director and certain employees of the Company. Details of the award to the director of Thruvision are as follows:
| Name | Type of Option award | No of Options awarded | Exercise price on award | Market Value on award | Date of vesting |
|---|---|---|---|---|---|
| Victoria Balchin | EMI - Tax approved/ UK unapproved | 10,000,000 | £0.01 | £95,000 | 5 January 2029 |
The Options will become exercisable on the third anniversary of grant, subject to the grantee's continued service with Thruvision and will remain exercisable at any point up until the tenth anniversary of the date of grant. In addition, the vesting of the award is subject to the achievement of performance conditions relating to the strategic and financial objectives of the Group.
In total Options were granted to 27 employees to retain and incentivise key employees. All Options have an exercise price of £0.01.
The notification in Appendix 1 to this announcement, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
Appendix 1
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| (a) | Name | Victoria Balchin | |
| 2. | Reason for the notification | ||
| (a) | Position/status | Chief Executive Officer and Chief Financial Officer | |
| (b) | Initial notification/ Amendment | Initial notification | |
| 3. | Details of the issuer | ||
| (a) | Name | Thruvision Group plc | |
| (b) | LEI | 213800IZG9GM6G2TZE04 | |
| (a) | Description of the Financial Instrument | Ordinary shares of £0.01 each in Thruvision Group plc | |
| (b) | Identification code of the Financial Instrument | GB00B627R876 | |
| (c) | Nature of the transaction | Entry into an Award Agreement pursuant to which a tax advantaged Enterprise Management Incentive Award was granted over 8,840,000 Ordinary Shares of 1 pence each in Thruvision Group plc and a non-tax advantaged option award over 1,160,000 Ordinary Shares of 1 pence each in Thruvision Group plc. The award was granted with an option price of £0.01 per share and will ordinarily become exercisable three years from the date of grant, subject to the grantee's continued service, and once exercisable may be exercised at any point up until the tenth anniversary of the date of grant. | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 10,000,000 | ||
| (e) | Aggregated information - Aggregated volume - Price | N/A | |
| (f) | Date of the transaction | 5 January 2026 | |
| (g) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.