DIALIGHT PLC — Remuneration Information 2015

Aug 4, 2015

National Storage Mechanism | Additional information

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RNS Number : 0949V

Dialight PLC

04 August 2015

Dialight plc ("Company")

Director/PDMR Shareholding

4 August 2015

Award under The Dialight plc 2014 Performance Share Plan ("PSP")

On 3 August 2015 the under mentioned Director/Person Discharging Managerial Responsibility, was granted an award that will entitle him to receive ordinary shares of 1.89 pence each in the Company in accordance with the rules of the PSP.

Name	Number of options granted under the PSP	Total number of shares over which incentive awards in the PSP held following notification	% of issued class
Michael Sutsko	71,644	71,644	0.22%

The award will normally vest on the third anniversary of grant subject to continued employment and the satisfaction of two performance conditions as set out below.

50% of the award is measured against the Company's total shareholder return ("TSR") over the three year period relative to the FTSE 250 Index (excluding investment trusts) ("TSR Performance Condition"). The remaining 50% of the option is measured against the Company's earnings per share ("EPS") over a three year period ("EPS Performance Condition").

TSR Performance Condition

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

EPS Performance Condition

No part of the award subject to the EPS Performance Condition will vest if the percentage increase in the Company's EPS is below 10% per annum, 25% of the shares subject to the EPS Performance Condition will vest if the percentage increase in the Company's EPS exceeds 10% per annum, rising on a straight-line basis, to 100% vesting if the percentage increase in the Company's EPS exceeds 25% per annum.

No consideration was paid for the grant of this award and no consideration is due to be paid by the participant on the vesting of the award.

This notification is made in accordance with DTR 3.1.4R(1).

Nick Giles

Company Secretary, Tel: +44 (0) 1638 778641

This information is provided by RNS

The company news service from the London Stock Exchange

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