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DIA Dialight Plc

163.00
1.00 (0.62%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dialight Plc LSE:DIA London Ordinary Share GB0033057794 ORD 1.89P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.62% 163.00 156.00 170.00 170.00 169.00 169.00 4,655 16:35:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Semiconductor,related Device 169.7M 400k 0.0121 140.50 56.43M

Dialight PLC Director/PDMR Shareholding (9517R)

06/03/2019 7:00am

UK Regulatory


Dialight (LSE:DIA)
Historical Stock Chart


From May 2019 to May 2024

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TIDMDIA

RNS Number : 9517R

Dialight PLC

05 March 2019

Dialight plc (Company)

Director/PDMR Shareholdings

5 March 2019

Options and Awards under the Dialight plc 2014 Performance Share Plan (PSP)

On 5 March 2019, the under mentioned Directors/Persons Discharging Managerial Responsibility, were granted nil cost options that entitled each of them to receive ordinary shares of 1.89 pence each in the Company in accordance with the rules of the PSP:

 
 Name                Number of Options   Total number          % of issued 
                      granted under       of shares over        class 
                      the PSP             which incentive 
                                          awards in the 
                                          PSP held following 
                                          notification 
 Fariyal Khanbabi 
  (Director)                    68,803               196,685         0.604 
                    ------------------  --------------------  ------------ 
 Richard Allan                  12,503                12,503         0.038 
                    ------------------  --------------------  ------------ 
 Gary Ashburner                 10,002                10,002         0.031 
                    ------------------  --------------------  ------------ 
 

On 5 March 2019, the under mentioned Directors/Persons Discharging Managerial Responsibility, were granted conditional awards that entitled them to acquire ordinary shares of 1.89 pence each in the Company in accordance with the rules of the PSP:

 
 Name               Number of shares   Total number          % of issued 
                     awarded under      of shares over        class 
                     the PSP            which incentive 
                                        awards in the 
                                        PSP held following 
                                        notification 
 Martin Rapp 
  (Director)                 145,011               249,291         0.766 
                   -----------------  --------------------  ------------ 
 Luis Ramirez                 29,425                54,193         0.167 
                   -----------------  --------------------  ------------ 
 Sri Talpallikar              11,153                11,153         0.034 
                   -----------------  --------------------  ------------ 
 Rizwan Ahmad                 10,291                28,303         0.087 
                   -----------------  --------------------  ------------ 
 Aziz Rahman                   9,966                 9,966         0.031 
                   -----------------  --------------------  ------------ 
 Matt Boudiette               21,215                40,959         0.126 
                   -----------------  --------------------  ------------ 
 Tim Cillessen                10,530                14,851         0.046 
                   -----------------  --------------------  ------------ 
 

Options and awards will normally vest on the third anniversary of grant subject to continued employment. In relation to the awards made to Martin L. Rapp and Fariyal Khanbabi only, the award and options (respectively) are subject to the satisfaction of two performance conditions as set out below.

25% of the option or award is measured against the Company's total shareholder return (TSR) over the three year period relative to the FTSE SmallCap Index (excluding investment trusts) (TSR Performance Condition). The remaining 75% of the option or award is measured against the Company's earnings per share (EPS) in 2021 (EPS Performance Condition).

TSR Performance Condition

No part of an option or award subject to the TSR Performance Condition shall vest if the percentage change in the Company's TSR is below the percentage change in the TSR of the comparator index. 25% of the ordinary shares subject to the TSR Performance Condition will vest if the percentage change in the Company's TSR is equal to the percentage change in the TSR of the comparator index, rising on a straight-line basis, to 100% vesting if the percentage change in the Company's TSR is equal to the change in the TSR of the index plus 10% per annum.

EPS Performance Condition

No part of an option or award subject to the EPS Performance Condition will vest if the Company's 2021 EPS is below 40p, 25% of the ordinary shares subject to the EPS Option/Award will vest if the Company's 2021 EPS reaches 40p, rising on a straight-line basis, to 100% vesting if the Company's 2021 EPS exceeds 60p.

No consideration was paid for the grant of these options and awards and no consideration is due to be paid by the participant on the vesting of these options and awards. On vesting options will be exercisable between 5 March 2022 and 5 March 2024.

Holding Period

A mandatory two-year post-vesting holding period applies to the PSP options/awards granted to Martin L. Rapp and Fariyal Khanbabi.

The details of the awards and options are as follows:

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
 (a)   Name                                         i. Martin L. Rapp 
                                                     ii. Fariyal Khanbabi 
                                                     iii. Richard Allan 
                                                     iv. Luis Ramirez 
                                                     v. Sri Talpallikar 
                                                     vi. Rizwan Ahmad 
                                                     vii. Aziz Rahman 
                                                     viii. Matt Boudiette 
                                                     ix. Gary Ashburner 
                                                     x. Tim Cillessen 
      -------------------------------------------  -------------------------------- 
 2.    Reason for the notification 
      ----------------------------------------------------------------------------- 
 (a)   Position / status                            i. Group Chief Executive 
                                                     ii. Group Finance Director 
                                                     iii. Group General 
                                                     Counsel 
                                                     iv. Chief Operating 
                                                     Officer 
                                                     v. VP, Sales and Marketing 
                                                     vi. VP, Technology 
                                                     vii. VP, Engineering 
                                                     viii. VP, Signals / 
                                                     Components / Obstruction 
                                                     / Wind 
                                                     ix. VP, Sales - Americas 
                                                     x. VP / GM EMEA 
      -------------------------------------------  -------------------------------- 
 (b)   Initial notification / amendment             Initial notification 
      -------------------------------------------  -------------------------------- 
 3.    Details of the issuer 
      ----------------------------------------------------------------------------- 
 (a)   Name                                         Dialight plc 
      -------------------------------------------  -------------------------------- 
 (b)   LEI                                          2138001AD31KKD29Z495 
      -------------------------------------------  -------------------------------- 
 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      Ordinary shares of 
                                                     GBP0.0189 each 
      -------------------------------------------  -------------------------------- 
 (b)   Identification code of the Financial         GB0033057794 
        Instrument 
      -------------------------------------------  -------------------------------- 
 (c)   Nature of the transaction                    Grant of share options/awards 
                                                     under the Dialight 
                                                     plc PSP equity scheme 
      -------------------------------------------  -------------------------------- 
 (d)   Price(s) and volume(s)                       Price(s)        Volume(s) 
      -------------------------------------------  --------------  ---------------- 
                                                    i. Nil          i. 145,011 
                                                     ii. Nil         ii. 68,803 
                                                     iii. Nil        iii. 12,503 
                                                     iv. Nil         iv. 29,425 
                                                     v. Nil          v. 11,153 
                                                     vi. Nil         vi. 10,291 
                                                     vii. Nil        vii. 9,966 
                                                     viii. Nil       viii. 21,215 
                                                     ix. Nil         ix. 10,002 
                                                     x. Nil          x. 10,530 
      -------------------------------------------  --------------  ---------------- 
 (e)   Aggregated information 
         *    Aggregated volume                       328,899 awards and 
                                                      options 
                                                      Nil 
         *    Price 
      -------------------------------------------  -------------------------------- 
 (f)   Date of the transaction                      5 March 2019 
      -------------------------------------------  -------------------------------- 
 (g)   Place of the transaction                     Outside a trading venue 
      -------------------------------------------  -------------------------------- 
 

This announcement is made in accordance with Article 19.3 of the Market Abuse Regulation.

Richard Allan

General Counsel

Tel: +44 (0) 203 058 3546

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 06, 2019 02:00 ET (07:00 GMT)

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