Last checked at 11 May 2020 10:46
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