Deferred Share Bonus Plan

RNS Number : 5383T

TT Electronics PLC

20 March 2023

 

20 March 2023

TT Electronics plc

Deferred Share Bonus Plan

TT Electronics plc (the "Company") announces that conditional awards of ordinary shares of 25p each in the Company ("Shares") were granted on 16 March 2023 under the Company's Deferred Share Bonus Plan to the Executive Directors of the Company.

In accordance with the Remuneration Policy, 20 per cent of the 2022 short-term incentive award to the Executive Directors is deferred into Shares. The award will vest on the second anniversary.

Executive Director  Number of Shares

Richard Tyson  42,070

Mark Hoad  31,558

No consideration was payable for the grant of awards. 

Awards are subject to malus and clawback provisions.

The Company was informed of the above transactions on 17 March 2023. The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further details.

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Richard Tyson
2.	Reason for the notification
a)	Position / status	CEO
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	Grant of conditional award of ordinary shares under the terms of the Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 42,070
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2023-03-16
f)	Place of the transaction	Outside a trading venue

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	Grant of conditional award of ordinary shares under the terms of the Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 31,558
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2023-03-16
f)	Place of the transaction	Outside a trading venue

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 

MHP Communications

Tim Rowntree / Ollie Hoare:  Tel:  [phone]

 

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