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1 Nov 2021 16:56
1 November 2021
TT Electronics plc
Notification of Transaction of Persons Discharging Managerial Responsibility (PDMRS)
Exercise of options under the Company's 2018 Sharesave Scheme
TT Electronics plc (the "Company") announces that, on 1 November 2021, options were exercised by Mark Hoad and Richard Tyson, both PDMRs of the Company, as set out in the table below pursuant to the maturity of the Company's 2018 Sharesave Scheme. The options were originally granted on 28 September 2018 at a price of 215p and all shares allotted were retained by the individual.
PDMR | Number of options exercised and shares retained | Option price (per share) | Resultant beneficial interest in the Company's shares following exercise of Sharesave options |
Richard Tyson | 8,372 | 215p | 910,454* |
Mark Hoad | 8,372 | 215p | 711,149** |
*R Tyson's beneficial interest includes shares held by a PCA, Louise Tyson.
**M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further details.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. | Details of PDMR / person closely associated with them ('PCA') | |||||
a) | Name | a) Richard Tyson b) Mark Hoad
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2. | Reason for the notification | |||||
a) | Position / status | a) CEO b) 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 | Exercise of options under the TT Electronics plc 2018 Sharesave Scheme | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price |
See 4c above See 4c above
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e) | Date of the transaction | 2021-11-01 | ||||
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:
Kate Moy, Head of Investor Relations and Communications:
MHP Communications
Tim Rowntree / Rachel Mann: Tel: +44 (0)20 3128 8100
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