REG - TT Electronics PLC - Director/PDMR Shareholding

TT electronicsAnnouncement

17/03/2020 10:35

RNS Number : 4376G
  
TT Electronics PLC
  
17 March 2020
  
 

17 March 2020
 
TT Electronics plc
Long Term Incentive Plan 2014 ("LTIP")
 
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
On 16 March 2020, 100% of the LTIP share awards granted on 15 March 2017 (the "2017 Awards") to Richard Tyson, Chief Executive Officer and Mark Hoad, Chief Financial Officer, both being Persons Discharging Managerial Responsibility, vested.
The following table sets out the transactions relating to the vesting of the 2017 Awards which were notified to the Company on 16 March 2020:
 



Executive Director


Shares Vested


Shares retained (post tax / NI)


Resultant beneficial interest in the Company's shares 




Richard Tyson


266,565


141,279


858,5301




Mark Hoad


203,844


108,037


658,1272



1  R Tyson's beneficial interest includes shares held by a PCA, Louise Tyson.
2 M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.
 
The balance of the vesting of the 2017 Awards to the Executive Directors was satisfied by the transfer of ordinary shares for no consideration to the relevant individual by the trustee of the Company's Employee Benefit Trust.
 
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 /
Amendment


Initial notification




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
 
Identification Code


Ordinary shares of 25p each
 
 
 
GB0008711763




b)


Nature of the transaction


Transfer of Ordinary Shares arising from vesting of Long Term Incentive Plan award granted on 15 March 2017




c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




£0.00


141,279








d)


Aggregated information
Aggregated volume
Price


 
See 4c above
See 4c above
 




e)


Date of the transaction


2020-03-16




f)


Place of the transaction


XLON



 
 



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 /
amendment


Initial notification




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
 
Identification Code


Ordinary shares of 25p each
 
 
 
GB0008711763




b)


Nature of the transaction


Transfer of Ordinary Shares arising from vesting of Long Term Incentive Plan award granted on 15 March 2017




c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




£0.00


108,037








d)


Aggregated information
Aggregated volume
Price


 
See 4c above
See 4c above
 




e)


Date of the transaction


2020-03-16




f)


Place of the transaction


XLON



 
For further information please contact:
 
TT Electronics plc
Richard Tyson, Chief Executive Officer:                               Tel:  + 44 (0)1932 825300
Mark Hoad, Chief Financial Officer:
Julian Weis, Head of Investor Relations                               
 
MHP Communications
Tim Rowntree / Rachel Mann:                                                Tel:  +44 (0)20 3128 8100
 


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