8 Jan 2019 10:48
ELECTROCOMPONENTS PLC
("the Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The Company was notified yesterday that on 7 January 2019, Lindsley Ruth, Chief Executive Officer of the Company, acquired 256,892 ordinary shares of 10p each in the Company (the "Shares") pursuant to an award granted to him on 21 May 2015 under the Recruitment Plan 2015 after joining the Company (as disclosed in the Annual Report & Accounts for the year ended 31 March 2016).
On acquisition, Mr Ruth sold 121,164 Shares at a price of 499.448p per Share to satisfy taxation and national insurance liabilities and dealing fees. Mr Ruth retained the balance of 135,728 Shares.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Ian Haslegrave
Company Secretary
8 January 2019
1 .
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Lindsley Ruth | |||||
2.
| Reason for the notification
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a)
| Position/status
| Chief Executive Officer | |||||
b)
| Initial notification /Amendment
| Initial notification | |||||
3.
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Electrocomponents plc | |||||
b)
| LEI
| 549300KVXDURRKVW7R37 | |||||
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
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a)
| Description of the financial instrument, type of instrument | 10 pence ordinary shares
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Identification code | GB0003096442 | ||||||
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b)
| Nature of the transaction
| Vesting of conditional award of Shares made under the Recruitment Plan 2015 | |||||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| Nil | 256,892 |
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d)
| Aggregated information |
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- Aggregated volume | 256,892 | ||||||
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- Price | Nil | ||||||
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e)
| Date of the transaction
| 2019-01-07 | |||||
f)
| Place of the transaction
| London Stock Exchange XLON | |||||
5.
| 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
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a)
| Description of the financial instrument, type of instrument | 10 pence ordinary shares
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|
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Identification code | GB0003096442 | ||||||
|
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b)
| Nature of the transaction
| Sale of Shares to satisfy taxation and national insurance liabilities and dealing fees arising on vesting of conditional awards made under the Recruitment Plan 2015 | |||||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| GBP4.99448 | 121,164 |
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d)
| Aggregated information |
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- Aggregated volume | 121,164 | ||||||
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- Price | GBP605,151.17 | ||||||
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e)
| Date of the transaction
| 2019-01-07 | |||||
f)
| Place of the transaction
| London Stock Exchange XLON | |||||