TT Electronics PLC Director/PDMR Shareholding (8990S)
March 19 2021 - 8:11AM
UK Regulatory
TIDMTTG
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 Shares Shares sold Shares retained Resultant beneficial
Director Vested to satisfy interest in the
tax and NI Company's shares
liabilities
Richard Tyson 53,873 25,321 28,552 902,082(1)
-------- ------------- ---------------- ---------------------
Mark Hoad 37,077 17,427 19,650 702,777(2)
-------- ------------- ---------------- ---------------------
(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. Details of PDMR / 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 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 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) GBP0.00 1) 53,873
2) GBP0.00 2) 37,077
-----------
=== ============================= =====================================================
d) Aggregated information
Aggregated volume 90,950
Price GBP0.00
=== ============================= =====================================================
e) Date of the transaction 2021-03-18
=== ============================= =====================================================
f) Place of the transaction Outside a trading venue
============================= =====================================================
1. Details of PDMR / 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 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 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) GBP2.10 1) 25,321
2) GBP2.10 2) 17,427
-----------
=== ============================= =====================================================
d) Aggregated information
Aggregated volume 42,748
Price GBP2.10
=== ============================= =====================================================
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
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