Director/PDMR Shareholding

RNS Number : 6546O

Electrocomponents PLC

01 July 2010

 



ELECTROCOMPONENTS PLC

Directors' Dealings in Shares

Deferred Share Bonus Plan Award

Electrocomponents Plc (the 'Company') announces that the following conditional award of ordinary shares of 10p each in the Company ('Shares') was made to the Executive Directors of the Company under the Company's Deferred Share Bonus Plan on 30 June 2010:

Ian Mason (Group Chief Executive)                        93,005 Shares

Simon Boddie (Group Finance Director)               62,003 Shares

No consideration is payable for the Shares. Vesting of the Shares will normally take place at the second anniversary of the award date, subject normally to the director's continued employment by the Company. 

Savings Related Share Option Plan Grant of Options

On 30 June 2010, options were granted to participating employees to buy Shares in the Company at an option price of 175p, under the terms of the Electrocomponents Savings Related Share Option Scheme. 

Included in this grant were options over 3,085 shares granted to Simon Boddie (Group Finance Director) at an option price of 175p.  Simon Boddie's Savings Related Share Option Scheme contract is due to mature on 1 September 2013, after which the options will normally become exercisable over a period of six months ending on 28^th February 2014.

Long Term Incentive Plan ('LTIP') Award

The following conditional award of Shares in the Company was made to the Executive Directors under the Company's LTIP on 30 June 2010:

Ian Mason (Group Chief Executive)                        248,009 Shares

Simon Boddie (Group Finance Director)               124,005 Shares

No consideration is payable for the Shares.  Vesting of the Shares will normally take place at the third anniversary of the award date.  The proportion of an award that vests will be subject to the satisfaction of a performance condition, as detailed in the Annual Report.

Ian Haslegrave

Company Secretary

1 July  2010

Electrocomponents plc

International Management Centre

8050 Oxford Business Park North

Oxford OX4 2HW

United Kingdom

Tel:      [phone]

Fax:     [phone]

www.electrocomponents.com

 

END

 

 

RDSSSLFDFFSSEFW