Business
Deferred Share Bonus Plan
Deferred Share Bonus Plan.
About this update from Tt Electronics Plc
[{"type":"text","content":"\n\n15 March 2024\n \nTT Electronics plc\nDeferred Share Bonus Plan\n \nNOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS\nTT Electronics Deferred Share Bonus Plan (\"DSBP\"): vesting of 2022 Awards and related sales.\nOn 14 March 2022, the Company announced that conditional awards of ordinary shares of 25p each in the Company (\"Shares\"), equal to 20 per cent of the 2021 short-term incentive award, had been granted under the DSBP to the Executive Directors of the Company. On 14 March 2024, the deferred shares described above vested on the second anniversary of the conditional award of Shares.\nThe table below shows the number of related Shares acquired by the remaining Executive Director entitled to receive Shares under the award, the number of Shares sold to satisfy the tax and national insurance liabilities, and the number of Shares retained following the sales.\n\n\n\n\nExecutive Director\n\n\nShares Vested\n\n\nShares sold to satisfy tax and NI liabilities\n\n\nShares retained\n\n\nResultant beneficial interest in the Company's shares\n\n\n\n\nMark Hoad\n\n\n46,039\n\n\n21,639\n\n\n24,400\n\n\n812,1991\n\n\n\n\n1 M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.\n \nThe Company makes this announcement, including the notifications below, in accordance with the requirements of the EU Market Abuse Regulation.\n \n \n\n\n\n\n1.\n\n\nDetails of PDMR / person closely associated with them ('PCA')\n\n\n\n\na)\n\n\nName\n\n\n1) Mark Hoad\n \n\n\n\n\n2.\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition / status\n\n\n1) CFO\n\n\n\n\nb)\n\n\nInitial notification /\nAmendment\n\n\nInitial notification\n\n\n\n\n3.\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nTT Electronics plc\n\n\n\n\nb)\n\n\nLEI\n\n\n213800TJGBW5VFHQEV54\n\n\n\n\n4.\n\n\nDetails of the transaction(s)\n\n\n\n\na)\n\n\nDescription of the financial instrument, type of instrument\n \nIdentification Code\n\n\nOrdinary shares of 25p each\n \n \n \nGB0008711763\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\nAcquisition of ordinary shares arising in connection with the settlement of Deferred Share Bonus Pl...