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RNS Number : 4805C
Acal PLC
13 April 2017
 

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

 

 

 

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)

 

Price

Volume

Nil

242,788

 

 

d)

Aggregated information

 

N/A

 

 

 

 

 

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)

 

Price

Volume

Nil

106,900

 

 

d)

Aggregated information

 

N/A

 

 

 

 

 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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