Long Term Incentive Plan

RNS Number : 7859F

TT electronics PLC

29 April 2014

TT Electronics plc

On 28 April 2014 outstanding conditional awards over ordinary shares in the Company of 25p each ("Shares") made on 27 April 2011 under the Company's Long Term Incentive Plan (the "Plan") partially vested .

Although award holders were entitled to receive an allocation of Shares calculated under the vesting arrangements based on EPS and TRS performance conditions (representing 39.62 per cent of the maximum award, as specified in column 3 below), a cash payment was offered to each executive Director/Person Discharging Managerial Responsibility ("PDMR") (in lieu of Shares) of an amount equivalent to their respective tax and national insurance liability arising from the vesting of Shares under the Plan. Accordingly, a reduced number of Shares have been issued to certain executive Directors/PDMRs to satisfy the awards, as indicated in column 4 in the table below.

Awards were therefore released on 28 April 2014 to executive Directors and certain other PDMRs as follows:

Name of Director/PDMR	Number of Shares over which the award was made (in 2011)	Number of Shares vested (39.62%)	Number of Shares allotted (post tax/NI) to Director/PDMR	Total holding following vesting of award (and percentage of issued Shares)
Geraint Anderson	216,285	85,692	45,417	770,573 (0.48%)
Shatish Dasani	148,108	58,680	31,100	560,244 (0.35%)
Tim Roberts	108,142	42,845	22,708	197,011 (0.12%)
John Molloy	46,284	18,337	18,337	36,347 (0.022%)
Patrick Murray	69,426	27,506	14,578	42,086 (0.026%)
Gareth Mycock	35,000	13,867	7,350	7,350 (0.0046%)
John Leighton-Jones	35,000	13,867	7,350	8,391 (0.0052%)