Director/PDMR Shareholding

RNS Number : 0740R

Electrocomponents PLC

24 June 2015

 

ELECTROCOMPONENTS PLC (the "Company")

Deferred Share Bonus Plan (the "DSBP") - Vesting of 2013 Awards

Electrocomponents announces the following:

On 21 June 2013, the Remuneration Committee awarded 2,883 ordinary 10 pence shares in the Company ("Shares") to Simon Boddie (Group Finance Director) under the DSBP, subject to a two year retention period and, normally, continued employment with the Company.

On 22 June 2015, the shares vested in full.  No consideration is payable for the Shares.

Simon Boddie informed the Company on 23 June 2015 that 1,216 Shares were sold on his behalf at a price of 227.6p in order to meet his income tax and National Insurance liabilities (and associated dealing costs) on the vesting of the Awards.

Following these transactions, Simon Boddie has an interest in a total of 299,412 Shares, representing less than 0.1% of the issued share capital and voting rights of the Company.

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

Ian Haslegrave

Company Secretary

24 June 2015

 

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