Director/PDMR Shareholding

RNS Number : 8895J

Electrocomponents PLC

06 July 2011

 



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 5 July 2011:

Ian Mason (Group Chief Executive)                        100,483 Shares

Simon Boddie (Group Finance Director)               66,989 Shares

No consideration is payable for the Shares. Vesting of the Shares will normally take place on 5 July 2013, being the second anniversary of the award date, subject normally to the director's continued employment by the Company. 

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 5 July 2011:

Ian Mason (Group Chief Executive)                        201,480 Shares

Simon Boddie (Group Finance Director)               100,740 Shares

No consideration is payable for the Shares.  Vesting of the Shares will take place on 5 July 2014 or such earlier date as the performance conditions are determined. The proportion of the award that vests will be subject to the satisfaction of performance conditions detailed in the Annual Report.

Ian Haslegrave

Company Secretary

6 July  2011

Electrocomponents plc

International Management Centre

8050 Oxford Business Park North

Oxford OX4 2HW

United Kingdom

Tel:      [phone]

Fax:     [phone]

www.electrocomponents.com

 

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