Director Shareholding
December 19 2002 - 12:55PM
UK Regulatory
RNS Number:3747F
Eleco PLC
19 December 2002
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
ELECO PLC
2) NAME OF DIRECTOR
1) Mr J H B KETTELEY
2) Mr D S DANNHAUSER
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the
age of 18 or in respect of an non-beneficial interest
HOLDING OF SHAREHOLDERS IN 2.
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
1) Mr J H B KETTELEY
2) Mr D S DANNHAUSER
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
VESTING OF LONG-TERM INCENTIVE PLAN AWARDS GRANTED IN 1998 AND 1999
7) Number of shares/amount of
stock acquired
1) 206,875
2) 201,250
8) 1) 0.48%
2) 0.47%
of issued Class
9) Number of shares/amount
of stock disposed
-
10) ( N/A %)
of issued Class
11) Class of security
ORDINARY 10p SHARES
12) Price per share
VESTED AT 24.5 PENCE
13) Date of transaction
19th DECEMBER, 2002
14) Date company informed
19th DECEMBER, 2002
15) Total holding following this notification
1) 4,128,473
2) 438,033
16) Total percentage holding of issued class following this notification
1) 9.58%
2) 1.02%
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
18) Period during which or date on which exercisable
19) Total amount paid (if any) for grant of the option
20) Description of shares or debentures involved: class, number.
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
22) Total number of shares or debentures over which options held
following this notification
23) Any additional information
Following the vesting of the shares shown on the Schedule 11, the
following shares were immediately sold at 24.5 pence to cover the tax
liabilities arising from the Long Term Incentive Plan Awards as follows.-
D S Dannhauser - 80,500
Resulting in Mr Dannhauser's total holding of -
357,533 - 0.83% of issued class.
24) Name of contact and telephone number for queries
LAURENCE HOLDCROFT - 01920 443830
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification 19th DECEMBER 2002
This information is provided by RNS
The company news service from the London Stock Exchange
END
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