ELECTROCOMPONENTS PLC
Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities
Electrocomponents plc (the 'Company') announces that David Egan, Chief Financial Officer, has been awarded 8,930 ordinary shares of 10 pence each in the capital of the Company (the 'Shares') at nil cost (the 'Award of Shares') on Monday, 29 June 2020. 4,210 Shares were sold at 664.00 pence per Share on Tuesday, 30 June 2020 to cover David's tax liabilities and sales costs. David retains the remaining shares.
The value of the Award of Shares reflects the uplift in David's base remuneration for the performance of additional duties and responsibilities that he undertook in the three month period commencing November 2019 during Lindsley Ruth's, Chief Executive Officer, absence from the business. Further details are set out in the 2020 Annual Report and Accounts.
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
1 July 2020
LEI: 549300KVXDURRKVW7R37
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1 .
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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David Egan |
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2.
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial notification |
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3.
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Electrocomponents plc |
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b)
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LEI
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549300KVXDURRKVW7R37 |
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4.
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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)
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Description of the financial instrument, type of instrument |
10 pence ordinary shares
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Identification code |
GB0003096442 |
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b)
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Nature of the transaction
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Award of Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil |
8,930 |
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d)
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Aggregated information |
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- Aggregated volume |
8,930 |
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- Price |
Nil |
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e)
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Date of the transaction
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2020-06-29 |
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f)
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Place of the transaction
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Outside a trading venue |
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5.
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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)
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Description of the financial instrument, type of instrument |
10 pence ordinary shares
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Identification code |
GB0003096442 |
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b)
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Nature of the transaction
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Sale of shares to cover tax liabilities and sale costs. |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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GBP 6.64 |
4,210 |
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d)
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Aggregated information |
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- Aggregated volume |
4,210 |
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- Price |
GBP 27,954.40 |
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e)
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Date of the transaction
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2020-06-30 |
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f)
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Place of the transaction
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London Stock Exchange XLON |
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