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ECM Electrocomponents Plc

1,047.00
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Electrocomponents Plc LSE:ECM London Ordinary Share GB0003096442 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,047.00 1,043.00 1,045.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Director Shareholding

03/07/2003 4:21pm

UK Regulatory


RNS Number:1409N
Electrocomponents PLC
03 July 2003

Long Term Incentive Plan (the " Plan") - 2000 Awards



Electrocomponents announces the following:



In July 2000, the Remuneration Committee recommended to the Trustee of the
Electrocomponents Employee Trust that conditional awards of Electrocomponents
10p ordinary shares ("Shares") be made under the Plan to Mr R. A. Lawson
(Chairman), Mr J. L. Hewitt, (Deputy Chairman and Group Finance Director), Mr I.
Mason (Group Chief Executive) and Mr R. B. Butler (Chief Process Officer).



On 2 July 2003, the Remuneration Committee confirmed that in accordance with the
terms of the Performance Target set for the Awards granted in July 2000, they
have recommended to the Trustee that all the original awards lapse. Following
this recommendation the Trustee has confirmed that the awards have lapsed,
thereby terminating the interest of the above Directors in the shares to which
the awards related.



Mr Lawson has an interest in 403,374 Shares, Mr Hewitt has an interest in 75,382
Shares, Mr Mason has an interest in 37,349 Shares and Mr Butler has an interest
in 38,349 Shares, together representing less than 0.1% of the issued share
capital of the Company.



In addition, as the Trust is a discretionary trust, each of the directors is,
together with other employees of the Company and its subsidiaries, a beneficiary
of the Trust and therefore interested in all of the shares in the Trust.  As at
3 July 2003, there were 308,416 shares in the Trust.



CARMELINA CARFORA

GROUP COMPANY SECRETARY



3 July 2003








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

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