13th Jun 2005 17:00
Electrocomponents PLC13 June 2005 ELECTROCOMPONENTS PLC ("Electrocomponents") Long Term Incentive Share Option Plan (the " Plan") Electrocomponents announces the following: On 13 June 2005, the Company was informed that on 13 June 2005 the RemunerationCommittee granted options over Electrocomponents 10p ordinary shares ("Shares")to Mr I Mason (Group Chief Executive), and Mr R B Butler (Chief Process Officer)under the Rules of the Plan as follows: Total Interest Director Number of Shares Exercise Price in Share OptionsI Mason 550,000 251p 2,229,197R B Butler 300,000 251p 1,411,351 The options are normally exercisable between the third and tenth anniversariesof their grant, subject to performance conditions, which determine theproportion (which can vary between 0% and 100%) which will eventually vest. Following these transactions, Mr Mason has an interest in 37,349 Shares and MrButler has an interest in 38,349 Shares, together representing less than 0.1% ofthe issued share capital of the Company. At the close of business on 10 June 2005, the mid market price of 10p ordinaryshares in Electrocomponents plc was 249p. CARMELINA CARFORA Group Company Secretary 13 June 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ECM.L