Director/PDMR Shareholding

RNS Number : 1826C

Volex PLC

13 March 2014

 



13 March 2014     

VOLEX PLC

SHARE AWARDS

Volex plc ("Volex" or the "Company"), the global provider of power and data cabling solutions, today announces that on 12 March 2014 its Chief Executive Officer, Chief Financial Officer and Persons Discharging Managerial Responsibility ("PDMRs") were granted a number of Share Awards over ordinary shares of £0.25 each in the Company ("Shares").

Performance Share Awards

Performance share awards were granted under the Volex Group plc Performance Share Plan 2009 (the "PSP Awards") over the Company's Shares as follows:  

Director or PDMR	Position	Number of  PSP Awards Granted
Christoph Eisenhardt	Chief Executive Officer	771,704
Nick Parker	Chief Financial Officer	229,674
Allan Lam Jill Ezard	PDMR / Divisional Chief Executive of Power PDMR / Chief Human Resources Officer	217,836 183,739

The PSP Awards vest normally after three years with 50% linked to an operating profit hurdle and 50% linked to a relative total shareholder return hurdle.   In each case, the price payable for the acquisition of vested award shares is the nominal value of £0.25 per Share

Restricted Share Awards

An additional award of 50,000 shares was made to Allan Lam under the Volex Group plc Restricted Share Scheme 2009 (the "RSP Award").  The RSP Award, which is not performance-linked but is conditional upon continuing employment with Volex, will vest after three years.

Following such awards, Christoph Eisenhardt will hold options over an aggregate of 1,401,704 Shares.  This is the first award for Nick Parker, Allan Lam and Jill Ezard.

For further information please contact:

Nicole Pask
Company Secretary
Volex plc                                                                + 44 (0)20 3370 8854

 

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