16 March 2022
TT Electronics plc
Long Term Incentive Plan
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
TT Electronics Long Term Incentive Plan ("LTIP"): vesting of 2019 Awards and related sales.
On 15 March 2022, certain conditional share awards granted over the ordinary shares of 25 pence each ("Shares") in the capital of the Company in March 2019 were settled to the extent they vested.
The table below shows the number of related Shares acquired by the Executive Directors, the number of Shares sold to satisfy the tax and national insurance liabilities, and the number of Shares retained following the sales.
| Executive Director | Shares Vested | Shares sold to satisfy tax and NI liabilities | Shares retained | Resultant beneficial interest in the Company's shares |
| Richard Tyson | 97,488 | 45,820 | 51,668 | 962,1221 |
| Mark Hoad | 65,817 | 30,934 | 34,883 | 746,0322 |
1 R Tyson's beneficial interest includes shares held by a PCA, Louise Tyson.
2 M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.
The Company makes this announcement, including the notifications below, in accordance with the requirements of the EU Market Abuse Regulation.
| 1. | Details of PDMR / person closely associated with them ('PCA') | |||||
| a) | Name | 1) Richard Tyson 2) Mark Hoad
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | 1) CEO 2) 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 | Acquisition of ordinary shares arising in connection with the settlement of Long Term Incentive Plan award granted on 11 March 2019 | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price |
163,305 £0.00
| ||||
| e) | Date of the transaction | 2022-03-15 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of PDMR / person closely associated with them ('PCA') | |||||
| a) | Name | 1) Richard Tyson 2) Mark Hoad
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | 1) CEO 2) 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 | Disposal of shares to satisfy tax and NI liabilities in respect of the settlement of Long Term Incentive Plan award granted on 11 March 2019 | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
Aggregated volume Price |
76,754 £1.977
| ||||
| e) | Date of the transaction | 2022-03-15 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
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
MHP Communications
Tim Rowntree / Pete Lambie: Tel: +44 (0)20 3128 8100
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