TIDMULE
RNS Number : 4719S
Ultra Electronics Holdings PLC
16 March 2021
16 March 2021
Ultra Electronics Holdings plc
(the "Company")
Long Term Incentive Plan Awards
On 15 March 2021, the following Executive Directors of the
Company and other Persons Discharging Managerial Responsibility
(the "Executives") were granted awards over ordinary shares of 5
pence each in the Company ("Awards") under the Ultra Electronics
Long Term Incentive Plan 2017 ("LTIP") as follows:
Director/PDMR Number of
Awards
Simon Pryce 68,160
------------
Jos Sclater 31,875
------------
Michael Baptist 11,720
------------
Thomas Link 13,184
------------
Richard Cashin 7,683
------------
Louise Ruppel 10,326
------------
Steve Izquierdo 9,000
------------
Andrew Puryear 8,515
------------
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 price options (other than that
granted to Thomas Link and Andrew Puryear which are in the form of
conditional awards under which shares are automatically delivered
on vesting). Additional shares may be delivered equivalent to the
value of dividends received from grant to vesting, and during the
holding period mentioned below.
The Awards will normally vest on the third anniversary of the
grant date, subject to continued employment and the satisfaction of
performance conditions (each applicable to a quarter of the award)
based upon relative total shareholder return against constituents
of the FTSE 250 index (excluding investment trusts), return on
invested capital (ROIC), annual growth in organic operating profit
(OOP), and annual growth in organic operating revenue (OOR). Vested
options are normally exercisable until the day before the 10(th)
anniversary of their grant. The Awards are also subject to the
malus and clawback provisions of the LTIP.
For Simon Pryce and Jos Sclater, the shares acquired upon
vesting that are not sold to fund tax liabilities are subject to a
further two-year holding period.
No consideration was paid for the grant of the awards and no
payment is due on their vesting or exercise.
Further information
The below notifications are 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
Date: 16 March 2021
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Simon Pryce
------------------------------ ------------------------------------------------
b) Position / status Chief Executive Office/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 nil cost options under the Company's
transaction Long Term Incentive Plan 2017.
------------------------------ ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 68,160
----------
------------------------------ ------------------------------------------------
d) Aggregated information
* Aggregated volume
68,160
Nil
* Price
------------------------------ ------------------------------------------------
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 nil cost options under the Company's
transaction Long Term Incentive Plan 2017.
------------------------------ ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 31,875
----------
------------------------------ ------------------------------------------------
d) Aggregated information
* Aggregated volume
31,875
Nil
* Price
------------------------------ ------------------------------------------------
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 Michael Baptist
------------------------------ -------------------------------------------------
b) Position / status President - Intelligence & Communications/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 nil cost options under the Company's
transaction Long Term Incentive Plan 2017.
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 11,720
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
11,720
* 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 Thomas Link
------------------------------ --------------------------------------------
b) Position / status President - Maritime/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 conditional awards under the
transaction Company's Long Term Incentive Plan 2017.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 13,184
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume
13,184
* 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 Richard Cashin
------------------------------ -----------------------------------------------------
b) Position / status President, Strategy and Corporate Development/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 nil cost options under the Company's
transaction Long Term Incentive Plan 2017.
------------------------------ -----------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 7,683
----------
------------------------------ -----------------------------------------------------
d) Aggregated information
* Aggregated volume
7,683
* 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 Louise Ruppel
------------------------------ ------------------------------------------------
b) Position / status Group Counsel & Company Secretary/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 nil cost options under the Company's
transaction Long Term Incentive Plan 2017.
------------------------------ ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 10,326
----------
------------------------------ ------------------------------------------------
d) Aggregated information
* Aggregated volume
10,326
* 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 Stephen Izquierdo
------------------------------ ------------------------------------------------
b) Position / status Chief Human Resources 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 nil cost options under the Company's
transaction Long Term Incentive Plan 2017.
------------------------------ ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 9,000
----------
------------------------------ ------------------------------------------------
d) Aggregated information
* Aggregated volume
9,000
* 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 Andrew Puryear
------------------------------ --------------------------------------------
b) Position / status Chief Technology 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 conditional awards under the
transaction Company's Long Term Incentive Plan 2017.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 8,515
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume
8,515
* 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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