TIDMVLX

RNS Number : 3212R

Volex PLC

08 December 2016

Volex plc

8 December 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 GBP0.25 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 
 Nat Rothschild        Executive Chairman    600,000 
                       Chief Financial 
 Daren Morris           Officer              600,000 
 Raymond Liu           Head of Asia                         105,313

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 GBP0.25 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 of PSP Awards 
                                               Granted 
 Nat Rothschild        Executive Chairman    1,256,168 
                       Chief Financial 
 Daren Morris           Officer              1,619,057 
 Raymond Liu           Head of Asia                         444,868

For further information please contact:

   Kim Small, Assistant Company Secretary, Volex plc                        + 44 (0)20 8017 3240

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 08, 2016 04:27 ET (09:27 GMT)

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