LONDON - Thruvision Group PLC (AIM: THRU), a leader in walk-through security technology, has announced the grant of share options to its Chief Financial Officer, Victoria Balchin. The grant was made under the company's Sharesave Scheme, according to a statement released today.
The Remuneration Committee of Thruvision has awarded Balchin an option over 194,595 Ordinary 1p shares at an exercise price of 7.4 pence per share. This price was determined as 80% of the closing middle market price of Thruvision shares on November 21, 2024. The options are set to become exercisable between March 1, 2028, and August 31, 2028, provided the Scheme's conditions are met.
These newly granted options are part of an incentive plan aimed at aligning the interests of the company's executives with those of its shareholders. The transaction falls under the regulatory framework of the EU Market Abuse Regulation and has been duly reported as an initial notification.
The move comes as Thruvision continues to assert its position in the security technology market, with its products being used in various applications ranging from airport security to loss prevention in retail environments.
The announcement is based on a press release statement and provides investors and the market with information regarding the company's internal management incentives. It is a routine disclosure for publicly traded companies, ensuring transparency in their corporate governance practices.
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