REG - TT Electronics PLC - Director/PDMR Shareholding
RNS Number : 8990STT Electronics PLC19 March 202119 March 2021
TT Electronics plc
Long Term Incentive Plan
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
TT Electronics Long Term Incentive Plan ("LTIP"): vesting of 2018 Awards and related sales.
On 18 March 2021, certain conditional share awards granted over the ordinary shares of 25 pence each ("Shares") in the capital of the Company in March 2018 were settled; to the extent they vested on the same date.
The table below shows the number of related Shares acquired by the Executive Directors, 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
Richard Tyson
53,873
25,321
28,552
902,0821
Mark Hoad
37,077
17,427
19,650
702,7772
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 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) Richard Tyson
2) Mark Hoad
2.
Reason for the notification
a)
Position / status
1) CEO
2) 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
Acquisition of ordinary shares arising in connection with the settlement of Long Term Incentive Plan award granted on 14 March 2018
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1) £0.00
2) £0.00
1) 53,873
2) 37,077
d)
Aggregated information
Aggregated volume
Price
90,950
£0.00
e)
Date of the transaction
2021-03-18
f)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them ('PCA')
a)
Name
1) Richard Tyson
2) Mark Hoad
2.
Reason for the notification
a)
Position / status
1) CEO
2) 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
Disposal of shares to satisfy tax and NI liabilities in respect of the settlement of Long Term Incentive Plan award granted on 14 March 2018
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1) £2.10
2) £2.10
1) 25,321
2) 17,427
d)
Aggregated information
Aggregated volume
Price
42,748
£2.10
e)
Date of the transaction
2021-03-18
f)
Place of the transaction
London Stock Exchange
For further information please contact:
TT Electronics plc
Richard Tyson, Chief Executive Officer: Tel: + 44 (0)1932 825300
Mark Hoad, Chief Financial Officer:
Emma Darke, Head of Investor Relations
MHP Communications
Tim Rowntree / Rachel Mann: Tel: +44 (0)20 3128 8100
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