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31 Aug 2012 13:06
Filtronic plc
Performance Share Plan Awards and Director Shareholdings
Filtronic plc, the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market, announces that, following the achievement of performance targets for the year to 31 May 2012, a total of 220,417 ordinary shares of 10p each in the Company ("Ordinary Shares") have vested in certain executive directors and senior employees under its 2009 Performance Share Plan. This number of shares which have vested is stated after deduction of tax and national insurance.
Accordingly the Company has on 30 August 2012 purchased 220,417 shares in the market at 32.5p and has transferred these shares at 29p, being the market price of the Ordinary Shares at the vesting date, to the employees including the following:
Director/ PDMR | No of Ordinary Shares Vested | Resultant interest in Ordinary Shares | % of total voting rights |
Dr Hemant Mardia | 134,696 | 517,221 | 0.53 |
Michael Brennan | 44,432 | 98,165 | 0.10 |
Maura Moynihan (PDMR) | 23,022 | 94,222 | 0.10 |
The holdings of Dr Mardia include those of his connected parties.
Enquiries:
Filtronic plc | Tel. 01325 301 111 |
Howard Ford, Chairman | |
Alan Needle, CEO | |
Mike Brennan, CFO | |
Panmure Gordon (UK) Limited | Tel. 020 7886 2500 |
Dominic Morley | |
Walbrook PR Ltd | Tel. 020 7933 8780 |
Paul McManus | Mob. 07980 541 893 or paul.mcmanus@walbrookpr.com |
Helen Westaway | Mob. 07841 917 679 or helen.westaway@walbrookpr.com |
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