REG - TT Electronics PLC - Long Term Incentive Plan

TT electronicsAnnouncement

19/03/2024 16:45

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RNS Number : 4805H  TT Electronics PLC  19 March 2024

19 March 2024

 

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 2021 Awards and
related sales.

On 18 March 2024, certain conditional share awards granted over the ordinary
shares of 25 pence each ("Shares") in the capital of the Company on 16 March
2021 were settled to the extent they vested.

The table below shows the number of related Shares acquired by the remaining
Executive Director entitled to receive Shares under the award, 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
 Mark Hoad           115,147        54,120                                         61,027           873,226(1)

(1)  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)   Mark Hoad

 2.  Reason for the notification
 a)  Position / status                                            1)   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 16 March 2021
 c)  Price(s) and volume(s)

Price(s)       Volume(s)
                                                                  1)   £0.00     1)   115,147

 d)  Aggregated information

     Aggregated volume                                            115,147

     Price                                                        £0.00

 e)  Date of the transaction                                      2024-03-19
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 

Aggregated volume

Price

 

 

115,147

£0.00

 

e)

Date of the transaction

2024-03-19

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                                         1)   Mark Hoad

 2.  Reason for the notification
 a)  Position / status                                            1)   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 16 March 2021
 c)  Price(s) and volume(s)

Price(s)        Volume(s)
                                                                  1)   £1.563     1)   54,120
 d)  Aggregated information

     Aggregated volume                                            54,120

     Price                                                        £1.563

 e)  Date of the transaction                                      2024-03-19
 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

 

Aggregated volume

Price

 

 

54,120

£1.563

 

e)

Date of the transaction

2024-03-19

f)

Place of the transaction

London Stock Exchange

 

For further information please contact:

 

TT Electronics plc

Peter France, Chief Executive Officer:
                                 Tel:  + 44
(0)1932 825300

Mark Hoad, Chief Financial Officer:

Kate Moy, Head of Investor
Relations

 

MHP Communications

Tim Rowntree / Ollie Hoare:
               Tel:  +44 (0)20 3128 8100

 

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