TTG Tt Electronics Plc

TIDMTTG

RNS Number : 5413N

TT Electronics PLC

30 September 2021

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 GBP2.26. 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           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 the financial   Ordinary Shares of 25p each 
        instrument, type of 
        instrument 
 
        Identification Code            GB0008711763 
====  =============================  ============================================== 
 b)    Nature of the transaction      Grant of options under the TT Electronics plc 
                                       2021 Sharesave Scheme 
====  =============================  ============================================== 
 c)    Price(s) and volume(s)           Price(s)      Volume(s) 
                                         a) GBP2.26    a) 7964 
                                          b) GBP2.26    b) 7964 
                                                      ---------- 
====  =============================  ============================================== 
 d)    Aggregated information         See 4c above 
        Aggregated volume              See 4c above 
        Price 
====  =============================  ============================================== 
 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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END

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September 30, 2021 04:39 ET (08:39 GMT)

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