TT Electronics PLC Deferred Share Bonus Plan
March 15 2024 - 3:30AM
RNS Regulatory News
RNS Number : 0379H
TT Electronics PLC
15 March 2024
15 March 2024
TT Electronics
plc
Deferred Share Bonus
Plan
NOTIFICATION OF TRANSACTIONS OF
DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR
CONNECTED PERSONS
TT Electronics Deferred Share Bonus
Plan ("DSBP"): vesting of 2022 Awards and related sales.
On 14 March 2022, the Company
announced that conditional awards of ordinary shares of 25p each in
the Company ("Shares"), equal to 20 per cent of the 2021 short-term
incentive award, had been granted under the DSBP to the Executive
Directors of the Company. On 14 March 2024, the deferred
shares described above vested on the second anniversary of the
conditional award of Shares.
The table below shows the number of
related Shares acquired by the remaining Executive Director
entitled to receive Shares under the award, the number of Shares
sold to satisfy the tax and national insurance liabilities, and the
number of Shares retained following the sales.
|
Executive Director
|
Shares Vested
|
Shares sold to satisfy tax and NI
liabilities
|
Shares retained
|
Resultant beneficial interest in the
Company's shares
|
|
Mark Hoad
|
46,039
|
21,639
|
24,400
|
812,1991
|
1 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) Mark Hoad
|
|
2.
|
Reason for the notification
|
|
a)
|
Position / status
|
1) 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
|
Acquisition of ordinary shares
arising in connection with the settlement of Deferred Share Bonus
Plan award granted on 14 March 2022
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1) £0.00
|
1) 46,039
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
46,039
£0.00
|
|
e)
|
Date of the transaction
|
2024-03-14
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of PDMR / person closely associated with them
('PCA')
|
|
a)
|
Name
|
1) Mark Hoad
|
|
2.
|
Reason for the notification
|
|
a)
|
Position / status
|
1) 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
|
Disposal of shares to satisfy tax
and NI liabilities in respect of the settlement of Deferred Share
Bonus Plan award granted on 14 March 2022
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1) £1.534
|
1) 21,639
|
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
21,639
£1.534
|
|
e)
|
Date of the transaction
|
2024-03-14
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
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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