Long Term Incentive Plan

RNS Number : 9009P

TT electronics PLC

30 October 2012

 



30 October 2012

TT electronics plc

Long Term Incentive Plan

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

On 29 October 2012, following full satisfaction of relevant performance conditions, the outstanding award made on 27 October 2009 under the Company's Long term Incentive Plan (the "Plan") over Ordinary shares in the Company of 25p each ("Shares") to P Murray, a Person Discharging Managerial Responsibilities ("PDMR"), vested in full.

The number of Shares vesting has been reduced as part of arrangements under which the Company will settle the tax and national insurance liability arising under the award. Accordingly, a reduced number of Shares were issued to satisfy the award as follows:

Name of Director/PDMR	Number of Shares over which the award was made	Tax and national insurance adjustment	Net shares allocated	Total holding following vesting of award (and percentage of issued Shares)
Pat Murray	202,667	105,387	97,280	97,280 (0.062%)

No consideration is payable. 

For further information please contact:

TT electronics plc

Geraint Anderson, Group Chief Executive: Tel: [phone]

Hudson Sandler

Andrew Hayes / Andrew Leach / Wendy Baker: Tel: [phone]

 

END

 

 

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