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TT Electronics PLC (TTG)

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Monday 11 May, 2020

TT Electronics PLC

Block Listing Application and Block Listing Update

RNS Number : 4885M
TT Electronics PLC
11 May 2020
 

11 May 2020

 

TT Electronics plc (the "Company")

Block Listing Application and Block Listing Update

 

Application has been made to the UK Listing Authority and to The London Stock Exchange for a block listing of 5,000,000 ordinary shares of 25 pence each ("Ordinary Shares") to trade on the London Stock Exchange and to be admitted to the Official List.

When issued, these shares will rank pari passu with the Company's existing issued shares. 

Shares from this application will be allocated as follows:

TT Electronics Long Term Incentive Plan 2014: 5,000,000 shares

The shares are expected to be admitted to the Official List and to trading on the London Stock Exchange on or around 13 May 2020.

The Company also announces that the block listings for the following schemes are no longer required as the schemes have expired and there are no outstanding options. No further shares will now be allotted pursuant to these block listings, and as a result they are hereby cancelled.

Name of scheme

Balance of unallotted securities under scheme from previous block listing return:

TT Electronics plc 2004 Approved Company Share Option Plan May 2004

78,645

TT Electronics plc 2004 Unapproved Company Share Option Plan May 2004

296,231

In addition, the following block listings have been re-named following the renewal of schemes at the Company's AGM and the expiry of the TT Electronics Long Term Incentive Plan 2005. The balance of unallotted securities under each scheme remains the same as previously disclosed in the block listing six monthly return announced on 1st May 2020.

Previous name of scheme

New name of scheme (& balance of unallotted securities under scheme from previous block listing return)

TT Electronics plc USA Employee Stock Purchase Plan 2011

TT Electronics plc USA Employee Stock Purchase Plan (641,691)

TT Electronics Long Term Incentive Plan 2005 and TT Electronics plc Sharesave Scheme

TT Electronics plc Sharesave Scheme (2,651,902)

 

L D Boardman

Group Company Secretary

 


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