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1 Jul 2010 14:15
ELECTROCOMPONENTS PLC
Directors' Dealings in Shares
Deferred Share Bonus Plan Award
Electrocomponents Plc (the 'Company') announces that the following conditional award of ordinary shares of 10p each in the Company ('Shares') was made to the Executive Directors of the Company under the Company's Deferred Share Bonus Plan on 30 June 2010:
Ian Mason (Group Chief Executive) 93,005 Shares
Simon Boddie (Group Finance Director) 62,003 Shares
No consideration is payable for the Shares. Vesting of the Shares will normally take place at the second anniversary of the award date, subject normally to the director's continued employment by the Company.
Savings Related Share Option Plan Grant of Options
On 30 June 2010, options were granted to participating employees to buy Shares in the Company at an option price of 175p, under the terms of the Electrocomponents Savings Related Share Option Scheme.
Included in this grant were options over 3,085 shares granted to Simon Boddie (Group Finance Director) at an option price of 175p. Simon Boddie's Savings Related Share Option Scheme contract is due to mature on 1 September 2013, after which the options will normally become exercisable over a period of six months ending on 28th February 2014.
Long Term Incentive Plan ('LTIP') Award
The following conditional award of Shares in the Company was made to the Executive Directors under the Company's LTIP on 30 June 2010:
Ian Mason (Group Chief Executive) 248,009 Shares
Simon Boddie (Group Finance Director) 124,005 Shares
No consideration is payable for the Shares. Vesting of the Shares will normally take place at the third anniversary of the award date. The proportion of an award that vests will be subject to the satisfaction of a performance condition, as detailed in the Annual Report.
Ian Haslegrave
Company Secretary
1 July 2010
Electrocomponents plc
International Management Centre
8050 Oxford Business Park North
Oxford OX4 2HW
United Kingdom
Tel: +44 (0)1865 204000
Fax: +44 (0)1865 207400
www.electrocomponents.com
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