REG - TT Electronics PLC - Long Term Incentive Plan 2014

TT electronicsAnnouncement

21/03/2018 15:20

RNS Number : 4936I
TT Electronics PLC
21 March 2018
 

21 March 2018
 
TT Electronics plc
Long Term Incentive Plan 2014 ("LTIP")
 
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
On 19 March 2018, 100% of the LTIP share awards granted on 18 March 2015 (the "2015 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 2015 Awards which were notified to the Company on 20 March 2018:
 




Executive Director


Shares Vested


Shares retained (post tax / NI)


Total shares held




Richard Tyson


680,000


360,400


547,156




Mark Hoad


390,000


206,700


440,698




 
 
The vesting of the 2015 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 18 March 2015




c)


Price(s) and volume(s)


 




Price(s)


Volume(s)




£0.00


360,400




 




d)


Aggregated information
Aggregated volume
Price


 
See 4c above
See 4c above
 




e)


Date of the transaction


2018-03-19




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 18 March 2015




c)


Price(s) and volume(s)


 




Price(s)


Volume(s)




£0.00


206,700




 




d)


Aggregated information
Aggregated volume
Price


 
See 4c above
See 4c above
 




e)


Date of the transaction


2018-03-19




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:
Emma Darke, Head of Investor Relations and Communications           
 
MHP Communications
Tim Rowntree / Katie Hunt / Ivana Petkova:                            Tel:  +44 (0)20 3128 8100
 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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