Ultra Electronics Holdings PLC Director/PDMR Shareholding (4704W)
17 April 2019 - 5:49PM
UK Regulatory
TIDMULE
RNS Number : 4704W
Ultra Electronics Holdings PLC
17 April 2019
Ultra Electronics Holdings plc (the "Company")
Ultra Electronics Long Term Incentive Plan 2017
Deferred Bonus Share Award
On 16 April 2019 Executive Directors of the Company and other
Persons Discharging Managerial Responsibility, were granted
deferred bonus awards entitling them to acquire ordinary shares of
5 pence each in the Company under the Ultra Electronics Long Term
Incentive Plan 2017 as follows:
Director/PDMR Number of shares
covered by Award
Simon Pryce 4151
-------------------
Amitabh Sharma 3962
-------------------
The awards are in the form of options with a nil exercise price.
Additional shares may be delivered equivalent to the value of
dividends received from grant to vesting.
The awards 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 10(th) anniversary of
their grant.
Awards may also be settled in cash at the discretion of the
Remuneration Committee.
No consideration was paid for the grant of the awards and no
payment is due on their vesting or exercise.
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Simon Pryce
------------------------------ -------------------------------------------
b) Position / status CEO
------------------------------ -------------------------------------------
c) Initial notification Initial notification
/ amendment
------------------------------ -------------------------------------------
2 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Ultra Electronics Holdings plc
------------------------------ -------------------------------------------
b) LEI 213800E68EATZGAJIP64
-------------------------------- ----------------------------------------
3. 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
---------------------------------------------------------------------------
a) Description 5p Ordinary Shares
of the financial
instrument GB0009123323
Identification
Code
------------------------------ -------------------------------------------
b) Nature of the Grant of a deferred bonus award under
transaction 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).
------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0 4151
----------
------------------------------ -------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ -------------------------------------------
e) Date of the 16 April 2019
transaction
------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ -------------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Amitabh Sharma
------------------------------ -------------------------------------------
b) Position / status Group Finance Director
------------------------------ -------------------------------------------
c) Initial notification Initial notification
/ amendment
------------------------------ -------------------------------------------
2 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Ultra Electronics Holdings plc
------------------------------ -------------------------------------------
b) LEI 213800E68EATZGAJIP64
-------------------------------- ----------------------------------------
3. 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
---------------------------------------------------------------------------
a) Description 5p Ordinary Shares
of the financial
instrument GB0009123323
Identification
Code
------------------------------ -------------------------------------------
b) Nature of the Grant of a deferred bonus award under
transaction 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).
------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0 3962
----------
------------------------------ -------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ -------------------------------------------
e) Date of the 16 April 2019
transaction
------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ -------------------------------------------
Further information
The above 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) 02 8813 4321
For and on behalf of Ultra Electronics Holdings plc.
Louise Ruppel
General Counsel & Company Secretary
Date: 16 April 2019
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
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END
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