TT Electronics PLC Long Term Incentive Plan 2014 (4936I)

TIDMTTG

RNS Number : 4936I

TT Electronics PLC

21 March 2018

21 March 2018

TT Electronics plc

Long Term Incentive Plan 2014 ("LTIP")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

On 19 March 2018, 100% of the LTIP share awards granted on 18 March 2015 (the "2015 Awards") to Richard Tyson, Chief Executive Officer and Mark Hoad, Chief Financial Officer, both being Persons Discharging Managerial Responsibility, vested.

The following table sets out the transactions relating to the vesting of the 2015 Awards which were notified to the Company on 20 March 2018:

 
 Executive    Shares    Shares retained   Total shares 
  Director     Vested    (post tax         held 
                         / NI) 
-----------  --------  ----------------  ------------- 
 Richard 
  Tyson       680,000   360,400           547,156 
-----------  --------  ----------------  ------------- 
 Mark Hoad    390,000   206,700           440,698 
-----------  --------  ----------------  ------------- 
 

The vesting of the 2015 Awards to the Executive Directors was satisfied by the transfer of ordinary shares for no consideration to the relevant individual by the trustee of the Company's Employee Benefit Trust.

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                         Richard Tyson 
===  ===========================  ===================================== 
 2.   Reason for the notification 
===  ================================================================== 
 a)   Position / status            CEO 
===  ===========================  ===================================== 
 b)   Initial notification         Initial notification 
       / 
       Amendment 
===  ===========================  ===================================== 
 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               Ordinary shares of 25p each 
       the financial instrument, 
       type of instrument 
 
       Identification               GB0008711763 
       Code 
===  ===========================  ===================================== 
 b)   Nature of the transaction    Transfer of Ordinary Shares arising 
                                    from vesting of Long Term Incentive 
                                    Plan award granted on 18 March 2015 
===  ===========================  ===================================== 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                     ----------  ---------- 
                                      GBP0.00     360,400 
                                     ----------  ---------- 
===  ===========================  ===================================== 
 d)   Aggregated information 
       Aggregated volume             See 4c above 
       Price                         See 4c above 
===  ===========================  ===================================== 
 e)   Date of the transaction      2018-03-19 
===  ===========================  ===================================== 
 f)   Place of the transaction     XLON 
===  ===========================  ===================================== 
 
 
 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         Initial notification 
       / 
       amendment 
===  ===========================  ===================================== 
 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               Ordinary shares of 25p each 
       the financial instrument, 
       type of instrument 
 
       Identification               GB0008711763 
       Code 
===  ===========================  ===================================== 
 b)   Nature of the transaction    Transfer of Ordinary Shares arising 
                                    from vesting of Long Term Incentive 
                                    Plan award granted on 18 March 2015 
===  ===========================  ===================================== 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                     ----------  ---------- 
                                      GBP0.00     206,700 
                                     ----------  ---------- 
===  ===========================  ===================================== 
 d)   Aggregated information 
       Aggregated volume             See 4c above 
       Price                         See 4c above 
===  ===========================  ===================================== 
 e)   Date of the transaction      2018-03-19 
===  ===========================  ===================================== 
 f)   Place of the transaction     XLON 
===  ===========================  ===================================== 
 

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 / Katie Hunt / Ivana Petkova:                            Tel:  [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHMMGZFKMVGRZM

(END) Dow Jones Newswires

March 21, 2018 11:19 ET (15:19 GMT)