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Ultra Electronics (ULE)

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Wednesday 18 March, 2020

Ultra Electronics

Director/PDMR Shareholding

RNS Number : 7063G
Ultra Electronics Holdings PLC
18 March 2020

18 March 2020


Ultra Electronics Holdings plc
(the "Company")


Deferred Bonus Share Award

The Company announces that, on 17 March 2020, Simon Pryce was granted a deferred bonus award under the Ultra Electronics Long Term Incentive Plan 2017 ("LTIP") entitling him to acquire 9,005 ordinary shares of 5 pence each in the Company.

The award is in the form of an option with a nil exercise price. Additional shares may be delivered equivalent to the value of dividends received from grant to vesting.


The award will normally vest on the third anniversary of the grant date, subject to continued employment. Vested options are normally exercisable until the day before the 10th anniversary of their grant.


The award may also be settled in cash at the discretion of the Remuneration Committee.


No consideration was paid for the grant of the award and no payment is due on its vesting or exercise.


Further information


The below notification is made in accordance with Article 19 of the Market Abuse Regulation and Rule 3.1 of the Disclosure and Transparency Rules.


Name of contact and telephone number for enquiries:  Cherise Trumper  +44 (0) 20 8813 4321

For and on behalf of Ultra Electronics Holdings plc.


Louise Ruppel

General Counsel & Company Secretary

Date: 18 March 2020



Details of PDMR / person closely associated with them ("PCA")



Simon Pryce


Position / status

Chief Executive Officer/PDMR


Initial notification / amendment

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Ultra Electronics Holdings plc





Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


Description of the financial instrument

Identification Code

5p Ordinary Shares




Nature of the transaction

Grant of a deferred bonus award under the Company's Long Term Incentive Plan as a nil exercise price option. Subject to continued service, it will normally vest on the third anniversary of its grant (and remain exercisable until the day before the 10th anniversary of its grant).


Price(s) and volume(s)



Nil cost option



Aggregated information

-  Aggregated volume

-  Price


Not applicable - single transaction


Date of the transaction

17 March 2020


Place of the transaction

Outside a trading venue




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