Ultra Electronics Holdings PLC Director/PDMR Shareholding (4715S)
March 16 2021 - 12:12PM
UK Regulatory
TIDMULE
RNS Number : 4715S
Ultra Electronics Holdings PLC
16 March 2021
16 March 2021
Ultra Electronics Holdings plc
(the "Company")
Deferred Bonus Awards
The Company announces that, on 15 March 2021, Simon Pryce and
Jos Sclater were granted deferred bonus awards over ordinary shares
of 5 pence each in the Company ("Awards") under the Ultra
Electronics Long Term Incentive Plan 2017 ("LTIP") as follows:
Number of Awards
Simon Pryce 16,529
-----------------
Jos Sclater 8,588
-----------------
The Awards were granted using the average middle-market
quotation over three days prior to date of grant (as derived from
the London Stock Exchange Daily Official List), being GBP20.50.
The Awards are in the form of nil cost options with a nil
exercise price. Additional shares may be delivered equivalent to
the value of dividends received from grant to vesting, and during
the holding periods mentioned below.
The Awards will normally vest on the third anniversary of the
grant date, subject to continuous employment. Vested options are
normally exercisable until the day before the 10th anniversary of
their grant. Upon vesting the shares acquired that are not sold to
fund tax liabilities are subject to a further two year holding
period.
The Awards and shares acquired upon vesting or exercise are
subject to the malus and clawback provisions of the LTIP.
No consideration was paid for the grant of the awards and no
payment is due on their vesting or exercise.
Further information
The below 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: Alex Dent
+44 (0) 20 8813 4321
For and on behalf of Ultra Electronics Holdings plc.
Louise Ruppel
General Counsel & Company Secretary
1. Details of PDMR / person closely associated with them ("PCA")
a) Name Simon Pryce
------------------------------ --------------------------------------------------
b) Position / status Chief Executive Officer/PDMR
------------------------------ --------------------------------------------------
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 deferred bonus award under the Company's
transaction Long Term Incentive Plan as nil cost options.
------------------------------ --------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 16,529
----------
------------------------------ --------------------------------------------------
d) Aggregated information
* Aggregated volume
16,529
* Price Nil
------------------------------ --------------------------------------------------
e) Date of the 15 March 2021
transaction
------------------------------ --------------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------------
1. Details of PDMR / person closely associated with them ("PCA")
a) Name Mark Josceline Sclater
------------------------------ --------------------------------------------------
b) Position / status Chief Financial Officer/PDMR
------------------------------ --------------------------------------------------
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 deferred bonus award under the Company's
transaction Long Term Incentive Plan as nil cost options.
------------------------------ --------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 8,588
----------
------------------------------ --------------------------------------------------
d) Aggregated information
* Aggregated volume
8,588
* Price Nil
------------------------------ --------------------------------------------------
e) Date of the 15 March 2021
transaction
------------------------------ --------------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------------
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END
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