Acal PLC Director/PDMR Shareholding (4805C)

TIDMACL

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 Awards(1)

 
 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           Initial notification 
       / amendment 
---  -----------------------------  ------------------------ 
 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   Options over Ordinary 
       instrument, type of            Shares in Acal plc 
       instrument                     GB0000055888 
       Identification code 
---  -----------------------------  ------------------------ 
 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           Initial notification 
       / amendment 
---  -----------------------------  ------------------------ 
 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   Options over Ordinary 
       instrument, type of            Shares in Acal plc 
       instrument                     GB0000055888 
       Identification code 
---  -----------------------------  ------------------------ 
 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

END

DSHLLFVLSLIVLID

(END) Dow Jones Newswires

April 13, 2017 07:34 ET (11:34 GMT)