Director/PDMR Shareholding

RNS Number : 7140E

TT Electronics PLC

14 March 2022

 

14 March 2022

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 14 March 2022 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 2021 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  61,374

Mark Hoad  46,039

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 14 March 2022. 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	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 61,374
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2022-03-14
f)	Place of the transaction	Outside a trading venue

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	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 46,039
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2022-03-14
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 / Pete Lambie:                                              Tel:  [phone]

 

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