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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tt Electronics Plc | LSE:TTG | London | Ordinary Share | GB0008711763 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 167.50 | 164.50 | 168.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electronic Components, Nec | 613.9M | -11.8M | -0.0670 | -25.30 | 298.32M |
From Apr 2019 to Apr 2024
TIDMTTG
RNS Number : 7207Z
TT Electronics PLC
16 March 2017
16 March 2017
TT Electronics plc
Long Term Incentive Plan 2014
This notification is made in accordance with DTR 3.1.4(1)(a).
TT Electronics plc (the "Company") announces that conditional awards of ordinary shares of 25p each in the Company ("Shares") were made on 15 March 2017 to the following Executive Directors of the Company:
Executive Director Maximum Number
of Shares
Richard Tyson 266,565
Mark Hoad 203,844
No consideration is payable for the grant of awards. The awards will normally vest three years from the date of grant, subject to achievement of the following performance conditions:
The performance target attached to 50 per cent of the award is based on earnings per share ("EPS") performance targets. 25 per cent of the Shares subject to this part of the award will vest for EPS growth of 5.0 per cent compound per annum, increasing on a straight-line basis to 100 per cent vesting for EPS growth of 12.0 per cent compound per annum.
The performance target attached to the other 50 per cent of the award is based on total shareholder return performance targets against the FTSE SmallCap (excluding Investment Trusts). 25 per cent of the Shares subject to this part of the award will vest at median performance increasing on a straight-line basis to 100 per cent vesting at the upper quartile of the comparator group.
Awards will be subject to clawback provisions.
The Company was informed of the above transactions on 15 March 2017.
For further information please contact:
TT Electronics plc
Richard Tyson, Chief Executive Officer: Tel: + 44 (0)1932 825300
Mark Hoad, Chief Financial Officer:
Emma Darke, Head of Investor Relations and Communications
MHP Communications
Tim Rowntree / Jamie Ricketts / Hannah Winter: Tel: +44 (0)20 3128 8100
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFLSVAIRLID
(END) Dow Jones Newswires
March 16, 2017 10:20 ET (14:20 GMT)
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