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RNS Number : 0341F TT Electronics PLC 16 March 2022
16 March 2022
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 2019 Awards and
related sales.
On 15 March 2022, certain conditional share awards granted over the ordinary
shares of 25 pence each ("Shares") in the capital of the Company in March 2019
were settled to the extent they vested.
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 97,488 45,820 51,668 962,122(1)
Mark Hoad 65,817 30,934 34,883 746,032(2)
(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 / 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
Long Term Incentive Plan award granted on 11 March 2019
c) Price(s) and volume(s)
Price(s) Volume(s)
1) £0.00 1) 97,488
2) £0.00 2) 65,817
d) Aggregated information
Aggregated volume 163,305
Price £0.00
e) Date of the transaction 2022-03-15
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Price
163,305
£0.00
e)
Date of the transaction
2022-03-15
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 / 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 Long Term Incentive Plan award granted on 11 March 2019
c) Price(s) and volume(s)
Price(s) Volume(s)
1) £1.977 1) 45,820
2) £1.977 2) 30,934
d) Aggregated information
Aggregated volume 76,754
Price £1.977
e) Date of the transaction 2022-03-15
f) Place of the transaction London Stock Exchange
d)
Aggregated information
Aggregated volume
Price
76,754
£1.977
e)
Date of the transaction
2022-03-15
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:
Kate Moy, Head of Investor
Relations
MHP Communications
Tim Rowntree / Pete
Lambie:
Tel: +44 (0)20 3128 8100
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