Director/PDMR Shareholding

RNS Number : 9669A

TT Electronics PLC

04 January 2018

 

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
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)	Price(s) Volume(s) £0.00 193,998
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
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:  [phone]

 

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