TIDMULE

RNS Number : 4723S

Ultra Electronics Holdings PLC

16 March 2021

16 March 2021

Ultra Electronics Holdings plc

(the "Company")

Grant of Restricted Stock Unit Awards

On 15 March 2021, the following Persons Discharging Managerial Responsibility (the "Executives") were granted Restricted Stock Unit Awards over ordinary shares of 5 pence each in the Company ("RSUs") under the Ultra Electronics Long Term Incentive Plan 2017 ("LTIP") as follows:

 
 
   Director/PDMR      Number of 
                      RSUs 
 Michael Baptist    1,289 
                   ------------ 
 Thomas Link        1,402 
                   ------------ 
 Richard Cashin     1,050 
                   ------------ 
 Louise Ruppel      1,453 
                   ------------ 
 Steve Izquierdo    1,283 
                   ------------ 
 Andrew Puryear     914 
                   ------------ 
 

The RSUs 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 RSUs are in the form of nil cost 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 RSUs will normally vest on the third anniversary of the grant date, subject to continued employment. Vested options are normally exercisable until the day before the 10(th) anniversary of their grant. The RSUs are also subject to the malus and clawback provisions of the LTIP.

No consideration was paid for the grant of the RSUs 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

 
 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 option RSUs under the 
         transaction                     Company's Long Term Incentive Plan 2017. 
       ------------------------------  ------------------------------------------------- 
 c)     Price(s) and                     Price(s)    Volume(s) 
         volume(s)                        Nil         1,289 
                                                     ---------- 
       ------------------------------  ------------------------------------------------- 
 d)          Aggregated information 
               *    Aggregated volume 
                                          1,289 
 
               *    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 award RSUs under 
         transaction                     the Company's Long Term Incentive Plan 
                                         2017. 
       ------------------------------  ------------------------------------------ 
 c)     Price(s) and                     Price(s)    Volume(s) 
         volume(s)                        Nil         1,402 
                                                     ---------- 
       ------------------------------  ------------------------------------------ 
 d)          Aggregated information 
               *    Aggregated volume 
                                          1,402 
 
               *    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 option RSUs under the 
         transaction                     Company's Long Term Incentive Plan 2017. 
       ------------------------------  ----------------------------------------------------- 
 c)     Price(s) and                     Price(s)    Volume(s) 
         volume(s)                        Nil         1,050 
                                                     ---------- 
       ------------------------------  ----------------------------------------------------- 
 d)          Aggregated information 
               *    Aggregated volume 
                                          1,050 
                                          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                            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 option RSUs under the 
         transaction                     Company's Long Term Incentive Plan 2017. 
       ------------------------------  -------------------------------------------- 
 c)     Price(s) and                     Price(s)    Volume(s) 
         volume(s)                        Nil         1,453 
                                                     ---------- 
       ------------------------------  -------------------------------------------- 
 d)          Aggregated information 
               *    Aggregated volume 
                                          1,453 
 
               *    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 option RSUs under the 
         transaction                     Company's Long Term Incentive Plan 2017. 
       ------------------------------  -------------------------------------------- 
 c)     Price(s) and                     Price(s)    Volume(s) 
         volume(s)                        Nil         1,283 
                                                     ---------- 
       ------------------------------  -------------------------------------------- 
 d)          Aggregated information 
               *    Aggregated volume 
                                          1,283 
 
               *    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 award RSUs under 
         transaction                     the Company's Long Term Incentive Plan 
                                         2017. 
       ------------------------------  ------------------------------------------ 
 c)     Price(s) and                     Price(s)    Volume(s) 
         volume(s)                        Nil         914 
                                                     ---------- 
       ------------------------------  ------------------------------------------ 
 d)          Aggregated information 
               *    Aggregated volume 
                                          914 
 
               *    Price                 Nil 
       ------------------------------  ------------------------------------------ 
 e)     Date of the                     15 March 2021 
         transaction 
       ------------------------------  ------------------------------------------ 
 f)     Place of the                    Outside a trading venue 
         transaction 
       ------------------------------  ------------------------------------------ 
 
 

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