Director/PDMR Shareholding

RNS Number : 7627R

Electrocomponents PLC

01 July 2020

 

ELECTROCOMPONENTS PLC

Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities

Electrocomponents plc (the 'Company') announces that David Egan, Chief Financial Officer, has been awarded 8,930 ordinary shares of 10 pence each in the capital of the Company (the 'Shares') at nil cost (the 'Award of Shares') on Monday, 29 June 2020. 4,210 Shares were sold at 664.00 pence per Share on Tuesday, 30 June 2020 to cover David's tax liabilities and sales costs. David retains the remaining shares.

The value of the Award of Shares reflects the uplift in David's base remuneration for the performance of additional duties and responsibilities that he undertook in the three month period commencing November 2019 during Lindsley Ruth's, Chief Executive Officer, absence from the business. Further details are set out in the 2020 Annual Report and Accounts.

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

1 July 2020

LEI: 549300KVXDURRKVW7R37

1 .		Details of the person discharging managerial responsibilities / person closely associated
a)		Name		David Egan
2.		Reason for the notification
a)		Position/status		Chief Financial 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		Award of Shares
c)	Price(s) and volume(s)
					Price(s)	Volume(s)
					Nil	8,930
d)	Aggregated information
	- Aggregated volume		8,930
	- Price		Nil
e)	Date of the transaction		2020-06-29
f)	Place of the transaction		Outside a trading venue
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 cover tax liabilities and sale costs.
c)	Price(s) and volume(s)
					Price(s)	Volume(s)
					GBP 6.64	4,210
d)	Aggregated information
	- Aggregated volume		4,210
	- Price		GBP 27,954.40
e)	Date of the transaction		2020-06-30
f)	Place of the transaction		London Stock Exchange XLON

 

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