Director/PDMR Shareholding

Released : 20 Apr 2017 10:34

RNS Number : 8569C
Laird PLC
20 April 2017
 

Laird PLC

 

("the Company")

 

Director / PDMR shareholding

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Mr A J Quinlan

2

 

Reason for the notification

 

a)

 

Position/status

 

Executive Director and Chief Executive (PDMR)

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Laird PLC

b)

 

LEI

 

549300USVP6R8CB2V215

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

 

LAIRD PLC ORD 28.125P

 

 

 

GB00B1VNST91

 

b)

 

Nature of the transactions

 

Grant of Nil Cost Options under the Laird PLC 2015 Long-Term Incentive Plan.

 

The Option is subject to performance conditions, set out below, measured over a three year performance period.

 

Following the three-year vesting period a two-year holding period, with malus and clawback arrangements operating, will apply.

 

The Option is measured against two performance targets:

 

(1) Relative TSR performance (50% of the Grant); and

(2) Average Annual Growth in Continuing EPS (50% of the Grant);

 

and the Option vests as follows:

 

Measure

Performance Target

Vesting Level

(1) TSR

Upper quintile

Full Vesting

 

Median to upper quintile

Pro rata on a straight-line basis between 20% and full vesting

 

Below median

 

Nil

(2) EPS

Less than 5% pa

Nil

 

5% pa

10%

 

13% pa

100%

 

Between

5% and 13% pa

Between

10% and 100% on a straight-line basis

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

N/A

 

563,701

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

563,701

 

N/A

e)

 

Date of the transactions

19 April 2017

f)

 

Place of the transactions

 

London

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Mr K J Dangerfield

2

 

Reason for the notification

 

a)

 

Position/status

 

Executive Director and Chief Financial Officer (PDMR)

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Laird PLC

b)

 

LEI

 

549300USVP6R8CB2V215

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

 

LAIRD PLC ORD 28.125P

 

 

 

GB00B1VNST91

 

b)

 

Nature of the transactions

 

Grant of Nil Cost Options under the Laird PLC 2015 Long-Term Incentive Plan.

 

The Option is subject to performance conditions, set out below, measured over a three year performance period.

 

Following the three-year vesting period a two-year holding period, with malus and clawback arrangements operating, will apply.

 

The Option is measured against two performance targets:

 

(1) Relative TSR performance (50% of the Grant); and

(2) Average Annual Growth in Continuing EPS (50% of the Grant);

 

and the Option vests as follows:

 

Measure

Performance Target

Vesting Level

(1) TSR

Upper quintile

Full Vesting

 

Median to upper quintile

Pro rata on a straight-line basis between 20% and full vesting

 

Below median

 

Nil

(2) EPS

Less than 5% pa

Nil

 

5% pa

10%

 

13% pa

100%

 

Between

5% and 13% pa

Between

10% and 100% on a straight-line basis

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

N/A

 

373,665

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

373,665

 

N/A

e)

 

Date of the transactions

19 April 2017

f)

 

Place of the transactions

 

London

 

 

For further information contact:

J G du Plessis

General Counsel and Company Secretary

Tel : 020 7468 4040

 

 

About Laird:   

Laird is a global technology company providing systems, components and solutions that protect electronics from electromagnetic interference and heat, and that enable connectivity in mission-critical wireless applications and antennae systems.  Laird is a global leader in the field of innovative radio frequency ("RF") engineering.

 

Enquiries:

Laird PLC

MHP Communications

Tony Quinlan, Chief Executive

Kevin Dangerfield, Chief Financial Officer

Lucie Harwood,  VP Treasury and Investor Relations

Reg Hoare

Tim Rowntree

Jamie Ricketts

Ollie Hoare

Tel: +44 (0)20 7468 4040

Tel: +44 (0)20 3128 8100

 


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