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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ultra Electronics Holdings Plc | LSE:ULE | London | Ordinary Share | GB0009123323 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3,500.00 | 3,496.00 | 3,498.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMULE
RNS Number : 7062G
Ultra Electronics Holdings PLC
18 March 2020
18 March 2020
Ultra Electronics Holdings plc
(the "Company")
Long Term Incentive Plan Awards
On 17 March 2020, the following Executive Directors of the Company and other Persons Discharging Managerial Responsibility (the "Executives") were granted awards over ordinary shares of 5 pence each in the Company ("Awards") under the Ultra Electronics Long Term Incentive Plan 2017 ("LTIP") as follows:
Hot Features
Premium
Director/PDMR Number of shares
covered by Award
Simon Pryce 72,867*
-------------------
Jos Sclater 32,453
-------------------
Michael Baptist 14,389
-------------------
Thomas Link 16,233
-------------------
Richard Cashin 9,164
-------------------
Louise Ruppel 12,679
-------------------
Steve Izquierdo 10,776
-------------------
Total 178,971
-------------------
* Awards over a further 10,410 shares will be made to Simon Pryce as soon as practicable following the forthcoming Annual General Meeting on the same vesting terms, subject to shareholder approval of the new Remuneration Policy and related amendments to the LTIP.
The Awards were granted using a closing middle-market quotation of GBP16.37 (as derived from the London Stock Exchange Daily Official List) as at 16 March 2020, being the day preceding the date of grant.
The awards are in the form of nil price options (other than that granted to Thomas Link 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, in the case of options, during the holding period mentioned below).
The awards will normally vest on the third anniversary of the grant date, subject to continued employment and the satisfaction of performance conditions (each applicable to a quarter of the award) based upon relative total shareholder return against constituents of the FTSE 250 index (excluding investment trusts), return on invested capital (ROIC), annual growth in organic operating profit (OOP), and annual growth in organic operating revenue (OOR). Vested options are normally exercisable until the day before the 10(th) anniversary of their grant. Shares acquired that are not sold to fund tax withholding must normally be retained for two years after vesting.
Awards may also be settled in cash at the discretion of the Remuneration Committee.
No consideration was paid for the grant of the awards 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: Cherise Trumper +44 (0) 20 8813 4321
For and on behalf of Ultra Electronics Holdings plc.
Louise Ruppel
General Counsel & Company Secretary
Date: 18 March 2020
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Simon Pryce
------------------------------ -------------------------------------------
b) Position / status Chief Executive Office/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 a conditional award under the
transaction Company's Long Term Incentive Plan 2017
as a nil exercise price option.
------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost options 83,277
----------
------------------------------ -------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ -------------------------------------------
e) Date of the 17 March 2020
transaction
------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ -------------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Jos Sclater
------------------------------ -------------------------------------------
b) Position / status Chief Finance 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 a conditional award under the
transaction Company's Long Term Incentive Plan 2017
as a nil exercise price option.
------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost options 32,453
----------
------------------------------ -------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ -------------------------------------------
e) Date of the 17 March 2020
transaction
------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ -------------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Michael Baptist
------------------------------ ---------------------------------------------------
b) Position / status President - Intelligence and 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 a conditional award under the
transaction Company's Long Term Incentive Plan 2017
as a nil exercise price option.
------------------------------ ---------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost options 14,389
----------
------------------------------ ---------------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ ---------------------------------------------------
e) Date of the 17 March 2020
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 a conditional award under the
transaction Company's Long Term Incentive Plan 2017
as a nil exercise price option.
------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost options 16,233
----------
------------------------------ -------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ -------------------------------------------
e) Date of the 17 March 2020
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 Global Director Strategy and 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 a conditional award under the
transaction Company's Long Term Incentive Plan 2017
as a nil exercise price option.
------------------------------ ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost options 9,164
----------
------------------------------ ------------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ ------------------------------------------------
e) Date of the 17 March 2020
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 a conditional award under the
transaction Company's Long Term Incentive Plan 2017
as a nil exercise price option.
------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost options 12,679
----------
------------------------------ -------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ -------------------------------------------
e) Date of the 17 March 2020
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 a conditional award under the
transaction Company's Long Term Incentive Plan 2017
as a nil exercise price option.
------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost options 10,776
----------
------------------------------ -------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transaction
* Price
------------------------------ -------------------------------------------
e) Date of the 17 March 2020
transaction
------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ -------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHSFSFAAESSEFD
(END) Dow Jones Newswires
March 18, 2020 14:12 ET (18:12 GMT)
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