Director/PDMR Shareholding

RNS Number : 5127B

Dialight PLC

18 February 2011

 



Dialight plc (the "Company")

Director/PDMR Shareholding

18 February 2011

Options and Awards under the Dialight Performance Share Plan ('PSP')

On 17 February 2011 the under mentioned Directors/Persons Discharging Managerial Responsibility, were granted nil cost options that entitled them to receive ordinary shares of 1.89 pence each in the Company in accordance with the rules of the PSP.

Name	Number of options  granted under the PSP	Total number of shares over which incentive awards held following notification	% of issued class
Mark Fryer	29,549	67,371	0.21%
Nick Giles	4,992	12,793	0.04%
Peter Livesey	3,598	3,598	0.01%
Nick Rowland	2,986	34,665	0.11%

On 17 February 2011 the under mentioned Directors/Persons Discharging Managerial Responsibility, were granted awards that entitled them to acquire ordinary shares of 1.89 pence each in the Company in accordance with the rules of the PSP.

Name	Number of shares awarded under the PSP	Total number of shares over which incentive awards held following notification	% of issued class
Roy Burton	58,137	*490,005	1.55%
John Doyle	5,590	43,625	0.14%
Gareth Eaton	5,031	35,950	0.11%
John Krauter	5,590	17,850	0.06%
Brian Todd	6,288	6,288	0.02%

*The figure provided in Notification dated 27 May 2010 (RNS Number 6625M) of 410,878 shares over which incentive awards are held by Roy Burton was understated by 20,990 shares due to a calculation error.

Dialight Performance Share Plan ('PSP')

Options and awards will normally vest on the third anniversary of grant subject to continued employment and the Company's total shareholder return ('TSR') over the three year period relative to the FTSE All Share Electronic/Electrical Equipment Index and the FTSE Small Cap Index. On vesting, options will be exercisable between 17 February 2014 and 17 February 2021. No award will vest if the percentage increase in the Company's TSR is below the percentage increase in the TSR of the comparator index, 25% of the ordinary shares subject to an award will vest if the percentage increase in the Company's TSR is equal to the percentage increase in the TSR of the comparator index, rising on a straight-line basis, to 100% vesting if the percentage increase in the Company's TSR is equal to the increase in the TSR of the index plus 15% per annum. No consideration was paid for the grant of these options and awards and no consideration is due to paid by the participant on the vesting of these options and awards.

This notification is made in accordance with DTR 3.1.4R(1)

Nick Giles

Company Secretary, Tel: [phone]

 

END

 

 

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