TT Electronics PLC Deferred Share Bonus Plan

RNS Number : 5013G

TT Electronics PLC

12 March 2024

 

 

12 March 2024

TT Electronics plc

Deferred Share Bonus Plan

 

 

TT Electronics plc (the "Company") announces that conditional awards of ordinary shares of 25p each in the Company ("Shares") were granted on 11 March 2024 under the Company's Deferred Share Bonus Plan to the Executive Directors of the Company.

 

In accordance with the Remuneration Policy, 30 per cent of the 2023 short-term incentive award to the Executive Directors is deferred into Shares. The award will vest on the second anniversary.

 

Executive Director                                                             Number of Shares

 

Peter France                                                                                         37,264

Mark Hoad                                                                                          108,817

 

No consideration was payable for the grant of awards. 

 

Awards are subject to malus and clawback provisions.

 

The Company was informed of the above transactions on 11 March 2024. The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further details.

 

 

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Peter France
2.	Reason for the notification
a)	Position / status	CEO
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TT Electronics plc
b)	LEI	213800TJGBW5VFHQEV54
4.	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument   Identification Code	Ordinary shares of 25p each       GB0008711763
b)	Nature of the transaction	Grant of conditional award of ordinary shares under the terms of the Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 37,264
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2024-03-11
f)	Place of the transaction	Outside a trading venue

 

 

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Mark Hoad
2.	Reason for the notification
a)	Position / status	CFO
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	TT Electronics plc
b)	LEI	213800TJGBW5VFHQEV54
4.	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument   Identification Code	Ordinary shares of 25p each       GB0008711763
b)	Nature of the transaction	Grant of conditional award of ordinary shares under the terms of the Deferred Share Bonus Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 108,817
d)	Aggregated information Aggregated volume Price	See 4c above See 4c above
e)	Date of the transaction	2024-03-11
f)	Place of the transaction	Outside a trading venue

 

 

 

For further information please contact:

 

TT Electronics plc

Peter France, Chief Executive Officer:                                  Tel:  + 44 (0)1932 825300

Mark Hoad, Chief Financial Officer:

Kate Moy, Head of Investor Relations                                   

 

MHP Communications

Tim Rowntree / Ollie Hoare:                                                     Tel:  [phone]

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