TIDMTTG

RNS Number : 8990S

TT Electronics PLC

19 March 2021

19 March 2021

TT Electronics plc

Long Term Incentive Plan

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

TT Electronics Long Term Incentive Plan ("LTIP"): vesting of 2018 Awards and related sales.

On 18 March 2021, certain conditional share awards granted over the ordinary shares of 25 pence each ("Shares") in the capital of the Company in March 2018 were settled; to the extent they vested on the same date.

The table below shows the number of related Shares acquired by the Executive Directors, the number of Shares sold to satisfy the tax and national insurance liabilities, and the number of Shares retained following the sales.

 
 Executive        Shares    Shares sold    Shares retained   Resultant beneficial 
  Director         Vested    to satisfy                       interest in the 
                             tax and NI                       Company's shares 
                             liabilities 
 Richard Tyson    53,873    25,321         28,552            902,082(1) 
                 --------  -------------  ----------------  --------------------- 
 Mark Hoad        37,077    17,427         19,650            702,777(2) 
                 --------  -------------  ----------------  ---------------------

(1) R Tyson's beneficial interest includes shares held by a PCA, Louise Tyson.

(2) M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.

The Company makes this announcement, including the notifications below, in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.   Details of PDMR / person closely associated with them ('PCA') 
===  ==================================================================================== 
 a)   Name                           1) Richard Tyson 
                                      2) Mark Hoad 
===  =============================  ===================================================== 
 2.   Reason for the notification 
     ==================================================================================== 
 a)   Position / status              1) CEO 
                                      2) 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 the financial   Ordinary shares of 25p each 
       instrument, type of 
       instrument 
 
       Identification Code            GB0008711763 
===  =============================  ===================================================== 
 b)   Nature of the transaction      Acquisition of ordinary shares arising in connection 
                                      with the settlement of Long Term Incentive 
                                      Plan award granted on 14 March 2018 
===  =============================  ===================================================== 
 c)   Price(s) and volume(s)           Price(s)       Volume(s) 
                                        1) GBP0.00     1) 53,873 
                                         2) GBP0.00     2) 37,077 
                                                      ----------- 
===  =============================  ===================================================== 
 d)   Aggregated information 
 
       Aggregated volume               90,950 
       Price                           GBP0.00 
===  =============================  ===================================================== 
 e)   Date of the transaction        2021-03-18 
===  =============================  ===================================================== 
 f)   Place of the transaction       Outside a trading venue 
     =============================  ===================================================== 
 
 
 1.   Details of PDMR / person closely associated with them ('PCA') 
===  ==================================================================================== 
 a)   Name                           1) Richard Tyson 
                                      2) Mark Hoad 
===  =============================  ===================================================== 
 2.   Reason for the notification 
     ==================================================================================== 
 a)   Position / status              1) CEO 
                                      2) 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 the financial   Ordinary shares of 25p each 
       instrument, type of 
       instrument 
 
       Identification Code            GB0008711763 
===  =============================  ===================================================== 
 b)   Nature of the transaction      Disposal of shares to satisfy tax and NI liabilities 
                                      in respect of the settlement of Long Term Incentive 
                                      Plan award granted on 14 March 2018 
===  =============================  ===================================================== 
 c)   Price(s) and volume(s)           Price(s)       Volume(s) 
                                        1) GBP2.10     1) 25,321 
                                         2) GBP2.10     2) 17,427 
                                                      ----------- 
===  =============================  ===================================================== 
 d)   Aggregated information 
 
       Aggregated volume               42,748 
       Price                           GBP2.10 
===  =============================  ===================================================== 
 e)   Date of the transaction        2021-03-18 
===  =============================  ===================================================== 
 f)   Place of the transaction       London Stock Exchange 
     =============================  =====================================================

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

MHP Communications

Tim Rowntree / Rachel Mann: Tel: +44 (0)20 3128 8100

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END

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March 19, 2021 08:11 ET (12:11 GMT)

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