TT Electronics PLC Deferred Share Bonus Plan
March 12 2024 - 4:01AM
RNS Regulatory News
RNS Number : 5013G
TT Electronics PLC
12 March 2024
12 March 2024
TT Electronics
plc
Deferred Share Bonus
Plan
TT Electronics plc (the "Company")
announces that conditional awards of ordinary shares of 25p each in
the Company ("Shares") were granted on 11 March 2024 under the
Company's Deferred Share Bonus Plan to the Executive Directors of
the Company.
In accordance with the Remuneration
Policy, 30 per cent of the 2023 short-term incentive award to the
Executive Directors is deferred into Shares. The award will vest on
the second anniversary.
Executive
Director
Number of Shares
Peter
France
37,264
Mark
Hoad
108,817
No consideration was payable for the
grant of awards.
Awards are subject to malus and
clawback provisions.
The Company was informed of the
above transactions on 11 March 2024. The following notifications,
made in accordance with the requirements of the EU Market Abuse
Regulation, give further details.
|
1.
|
Details of PDMR / person closely associated with them
('PCA')
|
|
a)
|
Name
|
Peter France
|
|
2.
|
Reason for the notification
|
|
a)
|
Position / status
|
CEO
|
|
b)
|
Initial notification /
Amendment
|
Initial notification
|
|
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
instrument, type of instrument
Identification Code
|
Ordinary shares of 25p
each
GB0008711763
|
|
b)
|
Nature of the transaction
|
Grant of conditional award of
ordinary shares under the terms of the Deferred Share Bonus
Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.00
|
37,264
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
See 4c above
See 4c above
|
|
e)
|
Date of the transaction
|
2024-03-11
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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 /
Amendment
|
Initial notification
|
|
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
instrument, type of instrument
Identification Code
|
Ordinary shares of 25p
each
GB0008711763
|
|
b)
|
Nature of the transaction
|
Grant of conditional award of
ordinary shares under the terms of the Deferred Share Bonus
Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.00
|
108,817
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
See 4c above
See 4c above
|
|
e)
|
Date of the transaction
|
2024-03-11
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
For
further information please contact:
TT
Electronics plc
Peter France, Chief Executive
Officer:
Tel: + 44 (0)1932 825300
Mark Hoad, Chief Financial
Officer:
Kate Moy, Head of Investor
Relations
MHP
Communications
Tim Rowntree / Ollie
Hoare:
Tel: +44 (0)20 3128 8100
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