REG - Volex PLC - Share Awards <Origin Href="QuoteRef">VLX.L</Origin>

VolexAnnouncement

14/12/2017 07:05

RNS Number : 2763Z
Volex PLC
14 December 2017
Volex plc
14 December 2017
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 recently 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
350,000
Daren Morris
Chief Financial Officer
700,000
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
1,606,168
Daren Morris
Chief Financial Officer
2,319,057
For further information please contact:
Daren Morris, Volex plc  + 44 (0)20 8017 3232

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