Source - LSE Regulatory
RNS Number : 2648Z
Thruvision Group PLC
10 January 2024

10 January 2024

Thruvision Group plc


Award of Share Options to Executive Director

Thruvision Group plc (AIM: THRU), ("Thruvision" ) the leading provider of walk-through security technology, announces that on 10 January 2024, Victoria Balchin (Chief Financial Officer) was awarded options under the Company Long Term Incentive Plan ("LTIP").

On 10 January 2024 the following awards over ordinary shares of 1 pence in Thruvision Group plc were granted under the Thruvision Group plc Long Term Incentive Plan to the Executive Director detailed below.


Type of option award

No of shares awarded

Exercise price on award

Market Value on award

Date of vesting

Victoria Balchin

EMI - Tax approved/ UK unapproved





10 January


The award was granted pursuant to a separate Award Agreement entered into between Thruvision Group plc and the Executive Director noted in the table above.

The award (regardless of whether it was granted as an EMI award or a non-tax advantaged award) will ordinarily 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 total 2,950,000 awards were made over ordinary shares of 1 pence in Thruvision Group plc to 6 employees on 10 January 2024 to retain and incentivise key members of the senior leadership team, with particular attention on recent hires  to the organisation.

The notification in Appendix 1 to this announcement, made in accordance with the requirements of the  Market Abuse Regulation, provides further detail:

For further information please contact:


Thruvision Group plc                                    

Colin Evans, Chief Executive

Victoria Balchin, Chief Financial Officer

+44 (0)1235 425400

Investec Investment Banking (NOMAD & Broker)

James Rudd / Patrick Robb / Sebastian Lawrence

+44 (0)20 7597 5970


Meare Consulting

Adrian Duffield

+44 (0) 7990 858548



About Thruvision (

Thruvision is the leading developer, manufacturer and supplier of walk-through security technology. Its technology is deployed in more than 20 countries around the world by government and commercial organisationsin a wide range of security situations, where large numbers of people need to be screened quickly, safely and efficiently. Thruvision's patented technology is uniquely capable of detecting concealed objects in real time using an advanced AI-based detection algorithm. The Group's offices are near Oxford and Washington DC


Appendix 1



Details of the person discharging managerial responsibilities/person closely associated



Victoria Balchin


Reason for the notification



 Chief Financial Officer


Initial notification/ Amendment

Initial notification



Details of the issuer



Thruvision Group plc





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


Description of the Financial Instrument

Ordinary shares of £0.01 each in Thruvision Group plc


Identification code of the Financial Instrument




Nature of the transaction

Entry into an Award Agreement pursuant to which a tax advantaged Enterprise Management Incentive Award was granted over 285,866 Ordinary Shares of 1 pence each in Thruvision Group plc and a non-tax advantaged option award over 714,134 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.


Price(s) and volume(s)






Aggregated information

-              Aggregated volume

-              Price






Date of the transaction

10 January 2024


Place of the transaction

Outside a trading venue


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