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RNS Number : 5383T TT Electronics PLC 20 March 2023
20 March 2023
TT Electronics plc
Deferred Share Bonus Plan
TT Electronics plc (the "Company") announces that conditional awards of
ordinary shares of 25p each in the Company ("Shares") were granted on 16 March
2023 under the Company's Deferred Share Bonus Plan to the Executive Directors
of the Company.
In accordance with the Remuneration Policy, 20 per cent of the 2022 short-term
incentive award to the Executive Directors is deferred into Shares. The award
will vest on the second anniversary.
Executive
Director
Number of Shares
Richard
Tyson
42,070
Mark
Hoad
31,558
No consideration was payable for the grant of awards.
Awards are subject to malus and clawback provisions.
The Company was informed of the above transactions on 17 March 2023. The
following notifications, made in accordance with the requirements of the EU
Market Abuse Regulation, give further details.
1. Details of PDMR / person closely associated with them ('PCA')
a) Name Richard Tyson
2. Reason for the notification
a) Position / status CEO
b) Initial notification / Initial notification
Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name TT Electronics plc
b) LEI 213800TJGBW5VFHQEV54
4. Details of the transaction(s)
a) Description of the financial instrument, type of instrument Ordinary shares of 25p each
Identification Code
GB0008711763
b) Nature of the transaction Grant of conditional award of ordinary shares under the terms of the Deferred
Share Bonus Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£0.00 42,070
d) Aggregated information
Aggregated volume See 4c above
Price See 4c above
e) Date of the transaction 2023-03-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Price
See 4c above
See 4c above
e)
Date of the transaction
2023-03-16
f)
Place of the transaction
Outside a trading venue
1. Details of PDMR / person closely associated with them ('PCA')
a) Name Mark Hoad
2. Reason for the notification
a) Position / status CFO
b) Initial notification / Initial notification
Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name TT Electronics plc
b) LEI 213800TJGBW5VFHQEV54
4. Details of the transaction(s)
a) Description of the financial instrument, type of instrument Ordinary shares of 25p each
Identification Code
GB0008711763
b) Nature of the transaction Grant of conditional award of ordinary shares under the terms of the Deferred
Share Bonus Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£0.00 31,558
d) Aggregated information
Aggregated volume See 4c above
Price See 4c above
e) Date of the transaction 2023-03-16
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Price
See 4c above
See 4c above
e)
Date of the transaction
2023-03-16
f)
Place of the transaction
Outside a trading venue
For further information please contact:
TT Electronics plc
Richard Tyson, Chief Executive Officer:
Tel: + 44 (0)1932
825300
Mark Hoad, Chief Financial Officer:
Kate Moy, Head of Investor
Relations
MHP Communications
Tim Rowntree / Ollie
Hoare:
Tel: +44 (0)20 3128 8100
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