Director/PDMR Shareholding

TT Electronics PLC

13 July 2026

 

13 July 2026

TT Electronics plc

Conditional share awards

As previously announced on 10 April 2026, TT Electronics plc (the "Company") is pleased to confirm that Ian Ashton joined the Board as Group Chief Financial Officer with effect from 29 June 2026.

On 29 June 2026, the Company was informed that, in accordance with the Company's approved Remuneration Policy and the terms of Ian's appointment, two conditional awards over ordinary shares in the Company of 25p each ("Shares") with future vesting dates have been granted. The following notifications are made in accordance with the requirements of the EU Market Abuse Regulation ("MAR").

A summary of the awards is set out below:

·    A performance-based award with a face value of 150% of salary under the Long-Term Incentive Plan 2024 ("2026 LTIP Award"). This award was made with the same performance conditions as the April 2026 grant to the CEO. This award is subject to the performance conditions described on page 73 of the 2025 Annual Report and shall ordinarily vest on the third anniversary of grant, subject to the LTIP rules. To the extent the award vests, a further two-year holding period shall apply.

·    A one-off award of conditional shares to compensate for the loss of unvested deferred bonus share awards and unvested restricted share awards forfeited upon joining the Company ("Buyout Award"). This award has been granted pursuant to Listing Rule 9.3.2R, is not subject to performance conditions and shall ordinarily vest on 31 March 2027.

Award	Number of Shares
2026 LTIP Award	576,419
Buyout Award	472,304

No consideration was payable for the grant of the awards. 

Awards are subject to malus and clawback provisions.

Further details of the reward arrangements for Ian Ashton, which are consistent with our principles and shareholder approved Remuneration Policy, will be fully disclosed in the Directors' Remuneration Report of the Annual Report and Accounts for the financial year ending 31 December 2026.

Notifications

The Company was informed of the above transactions on 29 June 2026. 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	Ian Ashton
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	a)   Grant of a conditional award of ordinary shares under the terms of the Long-Term Incentive Plan (2026 LTIP Award) b)   Grant of a conditional award of ordinary shares in respect of a one-off buyout of forfeited deferred bonus and restricted share awards (Buyout Award)
c)	Price(s) and volume(s)	Price(s) Volume(s) a)   £0.00 b)   £0.00 a)   576,419 b)   472,304
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2026-06-29
f)	Place of the transaction	Outside a trading venue

For further information please contact:

TT Electronics plc

Eric Lakin, Chief Executive Officer:                                       [e-mail]

Matthew Lee, Investor Relations                                            

MHP Communications

Tim Rowntree / Ollie Hoare:                                                     Tel:  [phone]

 

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