Volex PLC Share Awards (2763Z)
December 14 2017 - 1:01AM
UK Regulatory
TIDMVLX
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 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 Position Number of PSP Awards
PDMR Granted
Nat Rothschild Executive Chairman 350,000
Chief Financial
Daren Morris 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 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 Position Number of PSP Awards
PDMR Granted
Nat Rothschild Executive Chairman 1,606,168
Chief Financial
Daren Morris 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
END
DSHUOSVRBWAUAAA
(END) Dow Jones Newswires
December 14, 2017 02:01 ET (07:01 GMT)
Volex (LSE:VLX)
Historical Stock Chart
From Apr 2024 to May 2024
Volex (LSE:VLX)
Historical Stock Chart
From May 2023 to May 2024