Last checked at 13 Apr 2017 12:34
13 April 2017
Acal plc
Director/PDMR Shareholding
Acal plc (LSE: ACL, "Acal" or the "Company"), a leading international supplier of customised electronics to industry, announces that on 31 March 2017, the Company granted long term incentive awards under the Acal plc 2008 Renewed Long-Term Incentive Plan ("LTIP").
LTIP Awards1
Name | Number of Shares Subject to LTIP Award |
Nicholas Jefferies | 242,788 |
Simon Gibbins | 106,900 |
(1) The LTIP awards are granted in the form of nil-cost options over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The awards will vest on the third anniversary of the date of grant, subject to the achievement of performance targets measured over a three year period. Vested shares will be subject to an additional two year holding period.
For further information, please contact:
Acal plc | 01483 544 500 |
Joanna Madge, Group Company Secretary |
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1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Nicholas Jefferies | ||||||
2 | Reason for the notification | |||||||
a) | Position / status | Group Chief Executive | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3 | Details of issuer | |||||||
a) | Name | Acal plc | ||||||
b) | LEI | 213800BMDLQU1VEEAN68 | ||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument
Identification code | Options over Ordinary Shares in Acal plc
GB0000055888 | ||||||
b) | Nature of the transaction | Award made pursuant to the Company's Long Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 31 March 2017 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Simon Gibbins | ||||||
2 | Reason for the notification | |||||||
a) | Position / status | Group Finance Director | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3 | Details of issuer | |||||||
a) | Name | Acal plc | ||||||
b) | LEI | 213800BMDLQU1VEEAN68 | ||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument
Identification code | Options over Ordinary Shares in Acal plc
GB0000055888 | ||||||
b) | Nature of the transaction | Award made pursuant to the Company's Long Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 31 March 2017 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
Notes to Editors:
About Acal plc
Acal is a leading international supplier of customised electronics to industry. It designs, manufactures and distributes customer-specific electronic products and solutions to 25,000 industrial manufacturers and is listed on the London Stock Exchange (LSE: ACL).
Acal has two divisions: Design & Manufacturing and Custom Distribution. The majority of its sales come from products and solutions which are created specifically for a customer. Acal works across a range of technologies, namely Communications & Sensors, Power & Magnetics, Electromechanical & Cabling, Microsystems, and Imaging & Photonics.
Acal operates through the following wholly-owned businesses: Acal BFi, Contour, Flux, Foss, Hectronic, MTC, Myrra, Noratel, Plitron, RSG, Stortech, Variohm and Vertec. It has operating companies and manufacturing facilities in a number of markets including the UK, Germany, France, the Nordic region, Benelux, Italy, Poland and Slovakia as well as in Asia (China, India, South Korea, Sri Lanka and Thailand), North America (the US and Canada) and South Africa.