12 March 2024
TT Electronics plc
Deferred Share Bonus Plan
TT Electronics plc (the "Company") announces that conditional awards of ordinary shares of 25p each in the Company ("Shares") were granted on 11 March 2024 under the Company's Deferred Share Bonus Plan to the Executive Directors of the Company.
In accordance with the Remuneration Policy, 30 per cent of the 2023 short-term incentive award to the Executive Directors is deferred into Shares. The award will vest on the second anniversary.
Executive Director Number of Shares
Peter France 37,264
Mark Hoad 108,817
No consideration was payable for the grant of awards.
Awards are subject to malus and clawback provisions.
The Company was informed of the above transactions on 11 March 2024. 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 | Peter France
| ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | CEO | ||||
| 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 conditional award of ordinary shares under the terms of the Deferred Share Bonus Plan. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price |
See 4c above See 4c above
| ||||
| e) | Date of the transaction | 2024-03-11 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 / 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 conditional award of ordinary shares under the terms of the Deferred Share Bonus Plan.
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price |
See 4c above See 4c above
| ||||
| e) | Date of the transaction | 2024-03-11 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
For further information please contact:
TT Electronics plc
Peter France, Chief Executive Officer: Tel: + 44 (0)1932 825300
Mark Hoad, Chief Financial Officer:
Kate Moy, Head of Investor Relations
MHP Communications
Tim Rowntree / Ollie Hoare: Tel: +44 (0)20 3128 8100
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