REG - TT Electronics PLC - Deferred Share Bonus Plan

TT electronicsAnnouncement

12/03/2024 09:15

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RNS Number : 5013G  TT Electronics PLC  12 March 2024

 

12 March 2024

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 11 March
2024 under the Company's Deferred Share Bonus Plan to the Executive Directors
of the Company.

 

In accordance with the Remuneration Policy, 30 per cent of the 2023 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

 

Peter
France
37,264

Mark
Hoad
108,817

 

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 11 March 2024. 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                                                         Peter France

 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     37,264
 d)  Aggregated information

     Aggregated volume                                            See 4c above

     Price                                                        See 4c above

 e)  Date of the transaction                                      2024-03-11
 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

2024-03-11

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     108,817
 d)  Aggregated information

     Aggregated volume                                            See 4c above

     Price                                                        See 4c above

 e)  Date of the transaction                                      2024-03-11
 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

2024-03-11

f)

Place of the transaction

Outside a trading venue

 

 

 

For further information please contact:

 

TT Electronics plc

Peter France, 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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