Last checked at 4 Jan 2018 10:44
4 January 2018
TT Electronics plc (the "Company")
Long Term Incentive Plan 2014 ("LTIP")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
On 3 January 2018, 100 per cent of the LTIP award relating to shares in TT Electronics plc ("Shares") granted on 29 December 2014 to Mark Hoad, the Company's Chief Financial Officer and a Person Discharging Managerial Responsibility, vested.
The following table sets out the details of the transaction relating to the vesting of the LTIP award, which was notified to the Company on 4 January:
Executive Director | Shares Vested* | Shares retained (post tax / NI) | Total number of shares held following transaction |
Mark Hoad | 366,034 | 193,998 | 233,998 |
*Including dividend equivalents
The vesting of the LTIP Award was satisfied by the transfer of Shares for no consideration to the relevant individual by the trustee of the Company's Employee Benefit Trust.
The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details.
1. | Details of PDMR / person closely associated with them ('PCA') | |||||
a) | Name | Mark Hoad
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2. | Reason for the notification | |||||
a) | Position / status | CFO | ||||
b) | Initial notification / amendment | Initial notification | ||||
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 instrument, type of instrument
Identification Code | Ordinary shares of 25p each
GB0008711763 | ||||
b) | Nature of the transaction | Transfer of Ordinary Shares arising from vesting of Long Term Incentive Plan 2014 award | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
See 4c above See 4c above
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e) | Date of the transaction | 2018-01-03 | ||||
f) | Place of the transaction | XLON | ||||
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 and Communications
MHP Communications
Tim Rowntree / Katie Hunt / Ivana Petkova Tel: +44 (0)20 3128 8100