DIALIGHT PLC — Remuneration Information 2016

Mar 17, 2016

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RNS Number : 4804S

Dialight PLC

17 March 2016

Dialight plc ("Company")

Director/PDMR Shareholdings

17 March 2016

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

On 16 March 2016 the under mentioned Directors/Persons Discharging Managerial Responsibility, was granted a nil cost option that entitled her 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
Fariyal Khanbabi (Director)	49,240	109,239	O.336%

On 16 March 2016 the under mentioned Directors/Persons Discharging Managerial Responsibility, were granted 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 awarded under the PSP	Total number of shares over which incentive awards in the PSP held following notification	% of issued class
Michael Sutsko (Director)	96,485	168,129	0.517%
Rizwan Ahmad	6,700	14,064	0.043%
Matt Boudiette	5,025	5,025	0.015%
Dennis Geary	6,700	6,700	0.021%
John Peck	6,700	14,116	0.043%
Michael Schratz	7,537	13,996	0.043%

Options and awards 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 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 50% of the option or award is measured against the Company's earnings per share ("EPS") in 2018 ("EPS Performance Condition").

TSR Performance Condition

No part of an option or 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 ordinary 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 an option or award subject to the EPS Performance Condition will vest if the Company's 2018 EPS is below 40p, 25% of the ordinary shares subject to the EPS Option/Award will vest if the Company's 2018 EPS exceeds 40p, rising on a straight-line basis, to 100% vesting if the Company's 2018 EPS exceeds 50p.

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 16 March 2019 and 16 March 2021.

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

Fariyal Khanbabi, 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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