Director/PDMR Shareholding

RNS Number : 4376G

TT Electronics PLC

17 March 2020

 

17 March 2020

TT Electronics plc

Long Term Incentive Plan 2014 ("LTIP")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

On 16 March 2020, 100% of the LTIP share awards granted on 15 March 2017 (the "2017 Awards") to Richard Tyson, Chief Executive Officer and Mark Hoad, Chief Financial Officer, both being Persons Discharging Managerial Responsibility, vested.

The following table sets out the transactions relating to the vesting of the 2017 Awards which were notified to the Company on 16 March 2020:

Executive Director	Shares Vested	Shares retained (post tax / NI)	Resultant beneficial interest in the Company's shares
Richard Tyson	266,565	141,279	858,5301
Mark Hoad	203,844	108,037	658,1272

¹   R Tyson's beneficial interest includes shares held by a PCA, Louise Tyson.

² M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.

The balance of the vesting of the 2017 Awards to the Executive Directors was satisfied by the transfer of ordinary shares for no consideration to the relevant individual by the trustee of the Company's Employee Benefit Trust.

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further details.

1.	DetailsofPDMR/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	Transfer of Ordinary Shares arising from vesting of Long Term Incentive Plan award granted on 15 March 2017
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 141,279
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2020-03-16
f)	Place of the transaction	XLON

1.	DetailsofPDMR/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 award granted on 15 March 2017
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 108,037
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2020-03-16
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:

Julian Weis, Head of Investor Relations 

MHP Communications

Tim Rowntree / Rachel Mann:  Tel:  [phone]

 

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