REG - Volex PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">VLX.L</Origin>

VolexAnnouncement

19/12/2014 12:11

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

This information is provided by RNS
The company news service from the London Stock Exchange
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