30 September 2021
TT Electronics plc
Notification of Transaction of Persons Discharging Managerial Responsibility (PDMRS)
Grant of options to PDMRs under the Company's 2021 Sharesave Scheme
TT Electronics plc (the "Company") announces that the following PDMRs have, on 29 September 2021, been granted options ("Options") to purchase ordinary shares of 25p each in the Company (the "Shares") pursuant to the Company's 2021 Sharesave Scheme at an exercise price of £2.26. The awards in favour of each of the PDMRs set out below are made under the 2021 Sharesave Scheme which is available to all of the Company's UK employees, subject to qualifying conditions.
| PDMR | Number of Shares over which Options granted
|
| Richard Tyson | 7964 |
| Mark Hoad | 7964 |
The Options issued under the Sharesave Scheme are, in normal circumstances, not exercisable until the completion of a three-year savings period, which will end on 30 September 2024 and will then be exercisable for a period of six months from the maturity date of 1 November 2024.
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further details.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1. | Details of PDMR / person closely associated with them ('PCA') | |||||
| a) | Name | a) Richard Tyson b) Mark Hoad
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | a) CEO b) CFO c) # | ||||
| 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 options under the TT Electronics plc 2021 Sharesave Scheme | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | See 4c above See 4c above
| ||||
| e) | Date of the transaction | 2021-09-29 | ||||
| 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:
Kate Moy, Head of Investor Relations and Communications
MHP Communications
Tim Rowntree / Rachel Mann: Tel: +44 (0)20 3128 8100
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