Ultra Electronics Holdings PLC Directorate Change (0533B)

TIDMULE

RNS Number : 0533B

Ultra Electronics Holdings PLC

30 March 2017

Ultra Electronics Holdings plc

("Ultra" or "the Group")

APPOINTMENT OF NON-EXECUTIVE DIRECTORS

Ultra is pleased to announce that Geeta Gopalan and Victoria Hull have been appointed to the Board of Ultra as Non-Executive Directors with effect from 28 April 2017.

Geeta has wide-ranging experience and knowledge of the financial services sector particularly in digital innovation, payments, retail and commercial banking. Her Non-Executive Directorships include UK retail bank Virgin Money Holdings and Virgin Money Plc, Wizink Bank S.A (a Spanish digital bank) and Vocalink Plc the UK's payment infrastructure provider. Geeta is also a Non-Executive Member and Vice-Chair of the England Committee of the Big Lottery Fund, a non-departmental public body.

Victoria is a former Executive Director and General Counsel of Invensys plc and Telewest Communications plc. Her legal career commenced at Clifford Chance LLP. Victoria has extensive UK and international M&A and business experience and is a skilled and knowledgeable Board member.

Douglas Caster, Chairman, commented:

"I am delighted to welcome Geeta and Victoria onto the Board of Ultra. Their broad and relevant experience will be valuable to the Board and I am confident that they will make a substantial contribution to Ultra's continuing success."

This announcement is made in accordance with paragraph 9.6.11 of the Listing Rules. There are no details to be disclosed under paragraph 9.6.13 (2) to (6) of the Listing Rules.

- Ends -

Enquiries:

Douglas Caster, Chairman

Rakesh Sharma, Chief Executive 020 8813 4307

Susan Ellis, Corporate Affairs Director 07836 522 722

James White, MHP Communications 020 3128 8756

www.ultra-electronics.com

020 8813 4321

Further information about Ultra:

Ultra Electronics is an internationally successful defence, security, transport and energy company with a long track record of development and growth. The Group manages a portfolio of specialist capabilities generating innovative solutions to customer needs. Ultra applies electronic and software technologies in demanding and critical environments ranging from military applications, through safety-critical devices in aircraft, to nuclear controls and sensor measurement. These capabilities have seen the Group's highly-differentiated products contributing to a large number of platforms and programmes.

Ultra has world-leading positions in many of its specialist capabilities and, as an independent, non-threatening partner, is able to support all of the main prime contractors in its sectors. As a result of such positioning, Ultra's systems, equipment or services are often mission or safety-critical to the successful operation of the platform to which they contribute. In turn, this mission-criticality secures Ultra's positions for the long-term which underpins the superior financial performance of the Group.

Ultra offers support to its customers through the design, delivery and support phases of a programme. Ultra businesses have a high degree of operational autonomy where the local management teams are empowered to devise and implement competitive strategies that reflect their expertise in their specific niches. The Group has a small head office and executive team that provide to the individual businesses the same agile, responsive support that they provide to customers, as well as formulating Ultra's overarching, corporate strategy.

Across the Group's three divisions, Ultra operates in the following eight market segments:

 
                              *    Land 
        *    Aerospace 
                              *    Maritime 
        *    Communications 
                              *    Nuclear 
        *    C2ISR 
 
        *    Infrastructure          *    Underwater Warfare 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 30, 2017 09:22 ET (13:22 GMT)