Director/PDMR Shareholding

RNS Number : 9159G

Electrocomponents PLC

04 July 2012

 



ELECTROCOMPONENTS PLC (the "Company")

Deferred Bonus Plan (the "Plan") - Vesting of 2010 Awards

Electrocomponents announces the following:

On 30 June 2010, the Remuneration Committee awarded 93,005 ordinary 10 pence shares in the Company ("Shares") to Ian Mason (Group Chief Executive) and 62,003 Shares to Simon Boddie (Group Finance Director) under the Plan, subject to a two year retention period and continued employment with the Company.

On 2 July 2012, the shares vested in full.  No consideration is payable for the Shares.

The Company was informed on 3 July 2012 that Shares were sold on behalf of Ian Mason and Simon Boddie as follows at a price of 207.5p in order to meet their income tax and National Insurance liabilities (and associated dealing costs) on the vesting of the Awards.

Ian Mason                              48,460 Shares

Simon Boddie                       32,307 Shares

Following these transactions, Ian Mason has an interest in a total of 294,126 Shares and Simon Boddie has an interest in a total of 187,349 Shares, together representing 0.1% of the issued share capital of the Company.

This announcement relates to transactions notified in accordance with DTR 3.1.2R.

Ian Haslegrave

Company Secretary

4 July 2012

 

END

 

 

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