TIDMTTG

RNS Number : 7140E

TT Electronics PLC

14 March 2022

14 March 2022

TT Electronics plc

Deferred Share Bonus Plan

TT Electronics plc (the "Company") announces that conditional awards of ordinary shares of 25p each in the Company ("Shares") were granted on 14 March 2022 under the Company's Deferred Share Bonus Plan to the Executive Directors of the Company.

In accordance with the Remuneration Policy, 20 per cent of the 2021 short-term incentive award to the Executive Directors is deferred into Shares. The award will vest on the second anniversary.

   Executive Director                                                             Number of Shares 

Richard Tyson 61,374

Mark Hoad 46,039

No consideration was payable for the grant of awards.

Awards are subject to malus and clawback provisions.

The Company was informed of the above transactions on 14 March 2022. 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           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   Ordinary shares of 25p each 
       instrument, type of 
       instrument 
 
       Identification Code            GB0008711763 
===  =============================  ============================================== 
 b)   Nature of the transaction      Grant of conditional award of ordinary shares 
                                      under the terms of the Deferred Share Bonus 
                                      Plan. 
===  =============================  ============================================== 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        GBP0.00     61,374 
                                                   ---------- 
===  =============================  ============================================== 
 d)   Aggregated information 
       Aggregated volume               See 4c above 
       Price                           See 4c above 
===  =============================  ============================================== 
 e)   Date of the transaction        2022-03-14 
===  =============================  ============================================== 
 f)   Place of the transaction       Outside a trading venue 
     =============================  ============================================== 
 
 
 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           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   Ordinary shares of 25p each 
       instrument, type of 
       instrument 
 
       Identification Code            GB0008711763 
===  =============================  ============================================== 
 b)   Nature of the transaction      Grant of conditional award of ordinary shares 
                                      under the terms of the Deferred Share Bonus 
                                      Plan. 
===  =============================  ============================================== 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        GBP0.00     46,039 
                                                   ---------- 
===  =============================  ============================================== 
 d)   Aggregated information 
       Aggregated volume               See 4c above 
       Price                           See 4c above 
===  =============================  ============================================== 
 e)   Date of the transaction        2022-03-14 
===  =============================  ============================================== 
 f)   Place of the transaction       Outside a trading venue 
     =============================  ============================================== 
 

For further information please contact:

TT Electronics plc

   Richard Tyson, Chief Executive Officer:                               Tel:  + 44 (0)1932 825300 

Mark Hoad, Chief Financial Officer:

Kate Moy, Head of Investor Relations

MHP Communications

   Tim Rowntree / Pete Lambie:                                               Tel:  +44 (0)20 3128 8100 

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March 14, 2022 11:00 ET (15:00 GMT)

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