TIDMTTG

RNS Number : 9669A

TT Electronics PLC

04 January 2018

4 January 2018

TT Electronics plc (the "Company")

Long Term Incentive Plan 2014 ("LTIP")

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

On 3 January 2018, 100 per cent of the LTIP award relating to shares in TT Electronics plc ("Shares") granted on 29 December 2014 to Mark Hoad, the Company's Chief Financial Officer and a Person Discharging Managerial Responsibility, vested.

The following table sets out the details of the transaction relating to the vesting of the LTIP award, which was notified to the Company on 4 January:

 
 Executive    Shares Vested*   Shares retained   Total number 
  Director                      (post tax         of shares held 
                                / NI)             following transaction 
-----------  ---------------  ----------------  ----------------------- 
 Mark Hoad    366,034          193,998           233,998 
-----------  ---------------  ----------------  -----------------------

*Including dividend equivalents

The vesting of the LTIP Award was satisfied by the transfer of Shares for no consideration to the relevant individual by the trustee of the Company's Employee Benefit Trust.

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

 
  1.   Details of PDMR / person closely associated with 
        them ('PCA') 
====  ================================================================== 
 a)    Name                         Mark Hoad 
====  ===========================  ===================================== 
 2.    Reason for the notification 
====  ================================================================== 
 a)    Position / status            CFO 
====  ===========================  ===================================== 
 b)    Initial notification         Initial notification 
        / 
        amendment 
====  ===========================  ===================================== 
 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               Ordinary shares of 25p each 
        the financial instrument, 
        type of instrument 
 
        Identification               GB0008711763 
        Code 
====  ===========================  ===================================== 
 b)    Nature of the transaction    Transfer of Ordinary Shares arising 
                                     from vesting of Long Term Incentive 
                                     Plan 2014 award 
====  ===========================  ===================================== 
 c)    Price(s) and volume(s)         Price(s)    Volume(s) 
                                      ----------  ---------- 
                                       GBP0.00     193,998 
                                      ----------  ---------- 
====  ===========================  ===================================== 
 d)    Aggregated information 
 
        Aggregated volume             See 4c above 
        Price                         See 4c above 
====  ===========================  ===================================== 
 e)    Date of the transaction      2018-01-03 
====  ===========================  ===================================== 
 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:

Emma Darke, Head of Investor Relations and Communications

MHP Communications

   Tim Rowntree / Katie Hunt / Ivana Petkova                              Tel:  +44 (0)20 3128 8100

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLLFSILVISIIT

(END) Dow Jones Newswires

January 04, 2018 05:44 ET (10:44 GMT)

Tt Electronics (LSE:TTG)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Tt Electronics Charts.
Tt Electronics (LSE:TTG)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Tt Electronics Charts.