Director/PDMR Shareholding

RNS Number : 8990S
TT Electronics PLC
19 March 2021
 

19 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.

DetailsofPDMR/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.

DetailsofPDMR/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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLFIFVAIALIL
UK 100

Latest directors dealings