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

VolexAnnouncement

01/04/2016 07:06

RNS Number : 7752T
Volex PLC
01 April 2016
Volex plc
1 April 2016
SHARE AWARDS
 
Volex plc ("Volex" or the "Company") a global provider of power and data cabling solutions, today announces that 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 ofPSP Awards Granted
Nat Rothschild
Executive Chairman
656,168
Daren Morris
Chief Financial Officer
656,168
Raymond Liu
Head of Asia
339,555
The PSP Awards vest after three years with 50% linked to an operating profit target and 50% linked to a relative total shareholder return target. 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 PDMRs will hold options over an aggregate of Shares under the Performance Share Plan 2009 as set out below:
Director or PDMR
Position
 
Number ofPSP Awards Granted
Nat Rothschild
Executive Chairman
656,168
Daren Morris
Chief Financial Officer
1,019,057
Raymond Liu
Head of Asia
339,555
For further information please contact:
Kim Small, Assistant, Company Secretary, Volex plc  + 44 (0)20 3370 8830

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