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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