Director/PDMR Shareholding

RNS Number : 3131A

Volex PLC

19 December 2014

 



Volex plc

Quoted on London Stock Exchange (VLX.L)

("Volex" or the "Company")

19 December 2014

                                                                                      SHARE AWARDS

Volex, a global provider of power and data cabling solutions, today announces that its Chief Executive Officer and certain Persons Discharging Managerial Responsibilities ("PDMRs") were each granted share awards over ordinary shares of £0.25 each in the Company (the "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	603,969
Jill Ezard	Chief Human Resources Officer	215,703
Allan Lam Matthew Becker	Power Division Chief Executive Data Division Chief Executive	262,199    252,809

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.

Following such awards, the Chief Executive Officer and certain PDMRs will hold options over an aggregate of Shares under the Performance Share Plan 2009 and the Restricted Share Scheme 2009 as set out below:

Director or PDMR	Position	Number of  PSP Awards Granted
Christoph Eisenhardt	Chief Executive Officer	2,005,673
Jill Ezard	Chief Human Resources Officer	399,442
Allan Lam Matthew Becker	Power Division Chief Executive Data Division Chief Executive	530,035      302,809

For further information please contact:

Nicole Pask
Company Secretary
Volex plc                                                                + 44 (0)20 3370 8830

 

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