Tt Electronics Regulatory News (TTG)

30 September 2013

TT electronics plc

Long Term Incentive Plan

This notification is made in accordance with DTR 3.1.4(1)(a).

On 24 September 2013 outstanding awards over ordinary shares in the Company of 25p each ("Shares") made on 24 September 2010 under the Company's Long Term Incentive Plan (the "Plan") vested as follows:

The Earnings Per Share ("EPS") performance condition attaching to 50 per cent of the award has been 88.75 per cent satisfied and accordingly, 44.375 per cent of the Shares attaching to this part of the award have vested.

The Total Shareholder Return ("TSR") performance condition attaching to the other 50 per cent of the award has been satisfied in full and accordingly, 50 per cent of the Shares attaching to this part of the award have vested.

Although award holders were entitled to receive an allocation of Shares calculated under the vesting arrangements described above (representing 94.375 per cent of the maximum award, as specified in column 3 below), a cash payment was offered to each PDMR (in lieu of Shares) of an amount equivalent to their respective tax and national insurance liability arising from the vesting of Shares under the Plan. Accordingly, a reduced number of Shares have been issued to certain PDMR's to satisfy the awards, as indicated in column 4 in the table below.

Awards were therefore released on 27 September 2013 to certain Persons Discharging Managerial Responsibilities ("PDMRs") as follows:

No consideration is payable on the vesting of Shares described in the table above. 

The Company was informed by the individuals listed above of the transactions described in this notification on 27 September 2013.

Mr Karbassi's shares are registered to Citibank London.

For further information please contact:

TT electronics plc

Geraint Anderson, Group Chief Executive: Tel: 01932 825300

Hudson Sandler

Andrew Hayes / Wendy Baker / Katie Matthews: Tel: 020 7796 4133