REG - TT Electronics PLC - Deferred Share Bonus Plan

TT electronicsAnnouncement

15/03/2024 08:30

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RNS Number : 0379H  TT Electronics PLC  15 March 2024

15 March 2024

 

TT Electronics plc

Deferred Share Bonus Plan

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

TT Electronics Deferred Share Bonus Plan ("DSBP"): vesting of 2022 Awards and
related sales.

On 14 March 2022, the Company announced that conditional awards of ordinary
shares of 25p each in the Company ("Shares"), equal to 20 per cent of the 2021
short-term incentive award, had been granted under the DSBP to the Executive
Directors of the Company.  On 14 March 2024, the deferred shares described
above vested on the second anniversary of the conditional award of Shares.

The table below shows the number of related Shares acquired by the remaining
Executive Director entitled to receive Shares under the award, the number of
Shares sold to satisfy the tax and national insurance liabilities, and the
number of Shares retained following the sales.

 Executive Director  Shares Vested  Shares sold to satisfy tax and NI liabilities  Shares retained  Resultant beneficial interest in the Company's shares
 Mark Hoad           46,039         21,639                                         24,400           812,199(1)

(1)  M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.

 

The Company makes this announcement, including the notifications below, in
accordance with the requirements of the EU Market Abuse Regulation.

 

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                                         1)   Mark Hoad

 2.  Reason for the notification
 a)  Position / status                                            1)   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                                    Acquisition of ordinary shares arising in connection with the settlement of
                                                                  Deferred Share Bonus Plan award granted on 14 March 2022
 c)  Price(s) and volume(s)

Price(s)       Volume(s)
                                                                  1)   £0.00     1)   46,039
 d)  Aggregated information

     Aggregated volume                                            46,039

     Price                                                        £0.00

 e)  Date of the transaction                                      2024-03-14
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 

Aggregated volume

Price

 

 

46,039

£0.00

 

e)

Date of the transaction

2024-03-14

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                                         1)   Mark Hoad

 2.  Reason for the notification
 a)  Position / status                                            1)   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                                    Disposal of shares to satisfy tax and NI liabilities in respect of the
                                                                  settlement of Deferred Share Bonus Plan award granted on 14 March 2022
 c)  Price(s) and volume(s)

Price(s)        Volume(s)
                                                                  1)   £1.534     1)   21,639
 d)  Aggregated information

     Aggregated volume                                            21,639

     Price                                                        £1.534
 e)  Date of the transaction                                      2024-03-14
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

 

Aggregated volume

Price

 

 

21,639

£1.534

e)

Date of the transaction

2024-03-14

f)

Place of the transaction

London Stock Exchange

 

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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