REG - TT Electronics PLC - Director/PDMR Shareholding

TT electronicsAnnouncement

17/03/2022 07:00

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RNS Number : 0519F  TT Electronics PLC  17 March 2022

17 March 2022

 

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 2021 Awards and
related sales.

On 16 March 2021, the Company announced that conditional awards of ordinary
shares of 25p each in the Company ("Shares"), equal to 100 per cent of the
2020 short-term incentive award, had been granted under the DSBP to the
Executive Directors of the Company, with 80 per cent of the deferred Shares
vesting on the first anniversary of the award and the remaining 20 per cent of
the deferred Shares on the second anniversary.  On 16 March 2022, 80 per cent
of the deferred shares vested on the first anniversary of the conditional
award of Shares described above.

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       84,047         39,503                                         44,544           1,006,666(1)
 Mark Hoad           63,047         29,633                                         33,414           779,446(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
                                                                  Deferred Share Bonus Plan award granted on 16 March 2021
 c)  Price(s) and volume(s)

Price(s)        Volume(s)
                                                                  1)   £0.00      1)   84,047

                                                                  2)   £0.00      2)   63,047
 d)  Aggregated information

     Aggregated volume                                            147,094

     Price                                                        £0.00

 e)  Date of the transaction                                      2022-03-16
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 

Aggregated volume

Price

 

 

147,094

£0.00

 

e)

Date of the transaction

2022-03-16

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 Deferred Share Bonus Plan award granted on 16 March 2021
 c)  Price(s) and volume(s)

Price(s)        Volume(s)
                                                                  1)   £2.01      1)   39,503

                                                                  2)   £2.01      2)   29,633
 d)  Aggregated information

     Aggregated volume                                            69,136

     Price                                                        £2.01

 e)  Date of the transaction                                      2022-03-16
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

 

Aggregated volume

Price

 

 

69,136

£2.01

 

e)

Date of the transaction

2022-03-16

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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