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

 

END

 

 

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