Ultra Electronics Holdings PLC Director/PDMR Shareholding (7063G)

TIDMULE

RNS Number : 7063G

Ultra Electronics Holdings PLC

18 March 2020

Ultra Electronics Holdings plc

(the "Company")

Deferred Bonus Share Award

The Company announces that, on 17 March 2020, Simon Pryce was granted a deferred bonus award under the Ultra Electronics Long Term Incentive Plan 2017 ("LTIP") entitling him to acquire 9,005 ordinary shares of 5 pence each in the Company.

The award is in the form of an option with a nil exercise price. Additional shares may be delivered equivalent to the value of dividends received from grant to vesting.

The award will normally vest on the third anniversary of the grant date, subject to continued employment. Vested options are normally exercisable until the day before the 10(th) anniversary of their grant.

The award may also be settled in cash at the discretion of the Remuneration Committee.

No consideration was paid for the grant of the award and no payment is due on its vesting or exercise.

Further information

The below notification is made in accordance with Article 19 of the Market Abuse Regulation and Rule 3.1 of the Disclosure and Transparency Rules.

Name of contact and telephone number for enquiries: Cherise Trumper +44 (0) 20 8813 4321

For and on behalf of Ultra Electronics Holdings plc.

Louise Ruppel

General Counsel & Company Secretary

Date: 18 March 2020

 
 1.     Details of PDMR / person closely associated with them ("PCA") 
 a)     Name                            Simon Pryce 
       ------------------------------  ---------------------------------------------------- 
 b)     Position / status               Chief Executive Officer/PDMR 
       ------------------------------  ---------------------------------------------------- 
 c)     Initial notification            Initial notification 
         / amendment 
       ------------------------------  ---------------------------------------------------- 
 2      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------------------------ 
 a)     Name                            Ultra Electronics Holdings plc 
       ------------------------------  ---------------------------------------------------- 
 b)   LEI                               213800E68EATZGAJIP64 
     --------------------------------  ---------------------------------------------------- 
 3.     Details of the transaction(s): section to be repeated for (i) 
         each type of instrument; (ii) each type of transaction; (iii) 
         each date; and (iv) each place where transactions have been 
         conducted 
       ------------------------------------------------------------------------------------ 
 a)     Description                     5p Ordinary Shares 
         of the financial 
         instrument                      GB0009123323 
         Identification 
         Code 
       ------------------------------  ---------------------------------------------------- 
 b)     Nature of the                   Grant of a deferred bonus award under the Company's 
         transaction                     Long Term Incentive Plan as a nil exercise price 
                                         option. Subject to continued service, it will 
                                         normally vest on the third anniversary of its 
                                         grant (and remain exercisable until the day before 
                                         the 10th anniversary of its grant). 
       ------------------------------  ---------------------------------------------------- 
 c)     Price(s) and                     Price(s)           Volume(s) 
         volume(s)                        Nil cost option    9,005 
                                                            ---------- 
       ------------------------------  ---------------------------------------------------- 
 d)          Aggregated information 
               *    Aggregated volume     Not applicable - single transaction 
 
 
               *    Price 
       ------------------------------  ---------------------------------------------------- 
 e)     Date of the                     17 March 2020 
         transaction 
       ------------------------------  ---------------------------------------------------- 
 f)     Place of the                    Outside a trading venue 
         transaction 
       ------------------------------  ----------------------------------------------------

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END

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March 18, 2020 14:13 ET (18:13 GMT)

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