TIDMTTG

RNS Number : 0757G

TT Electronics PLC

01 November 2018

1 November 2018

TT Electronics plc

Notification of Transaction of Persons Discharging Managerial Responsibility (PDMRS)

Exercise of options under the Company's 2015 Sharesave Scheme

TT Electronics plc (the "Company") announces that, on 1 November 2018, options were exercised by Mark Hoad, a PDMR of the Company, as set out in the table below pursuant to the maturity of the Company's 2015 Sharesave Scheme. The options were originally granted on 22 September 2015 at a price of 131p and all shares allotted were retained by the individual.

 
 PDMR         Number of options       Option price   Resultant beneficial 
               exercised and shares    (per share)    interest in the Company's 
               retained                               shares following exercise 
                                                      of Sharesave options 
 Mark Hoad           13,740               131p                454,438* 
             ----------------------  -------------  ---------------------------

*M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.

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

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
  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 the financial   Ordinary Shares of 25p each 
        instrument, type of 
        instrument 
 
        Identification Code            GB0008711763 
====  =============================  ============================================= 
 b)    Nature of the transaction      Exercise of options under the TT Electronics 
                                       plc 2015 Sharesave Scheme 
====  =============================  ============================================= 
 c)    Price(s) and volume(s)           Price(s)    Volume(s) 
                                         GBP1.31     13,740 
                                                    ---------- 
====  =============================  ============================================= 
 d)    Aggregated information 
        Aggregated volume               See 4c above 
        Price                           See 4c above 
====  =============================  ============================================= 
 e)    Date of the transaction        2018-11-01 
====  =============================  ============================================= 
 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 / Nessyah Hart:                              Tel:  +44 (0)20 3128 8100

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct 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 contact rns@lseg.com or visit www.rns.com.

END

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