Director/PDMR Shareholding

RNS Number : 5146M
Electrocomponents PLC
08 January 2019
 

ELECTROCOMPONENTS PLC

("the Company")

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

The Company was notified yesterday that on 7 January 2019, Lindsley Ruth, Chief Executive Officer of the Company, acquired 256,892 ordinary shares of 10p each in the Company (the "Shares") pursuant to an award granted to him on 21 May 2015 under the Recruitment Plan 2015 after joining the Company (as disclosed in the Annual Report & Accounts for the year ended 31 March 2016).

 

On acquisition, Mr Ruth sold 121,164 Shares at a price of 499.448p per Share to satisfy taxation and national insurance liabilities and dealing fees. Mr Ruth retained the balance of 135,728 Shares.

 

The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

 

Ian Haslegrave

Company Secretary

8 January 2019

 

 

 

 

 

1 .

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Lindsley Ruth

2.

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

Initial notification

3.

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Electrocomponents plc

b)

 

LEI

 

549300KVXDURRKVW7R37

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, type of instrument

10 pence ordinary shares

 

 

 

Identification code

GB0003096442

 

 

b)

 

Nature of the transaction

 

 

Vesting of conditional award of Shares made under the Recruitment Plan 2015

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

Nil

256,892

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

256,892

 

 

- Price

Nil

 

 

e)

 

Date of the transaction

 

 

2019-01-07

f)

 

Place of the transaction

 

 

London Stock Exchange

XLON

5.

 

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, type of instrument

10 pence ordinary shares

 

 

 

Identification code

GB0003096442

 

 

b)

 

Nature of the transaction

 

 

Sale of Shares to satisfy taxation and national insurance liabilities and dealing fees arising on vesting of conditional awards made under the Recruitment Plan 2015

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

GBP4.99448

121,164

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

121,164

 

 

- Price

GBP605,151.17

 

 

e)

 

Date of the transaction

 

 

2019-01-07

f)

 

Place of the transaction

 

 

London Stock Exchange

XLON

               

 


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