17th Mar 2006 11:26
Ultra Electronics Holdings PLC17 March 2006 Director/PDMR Shareholding Ultra Electronics Holdings plc (the "Company") announces that on 23rd February2006, awards ("Awards") to acquire ordinary shares in the Company were grantedto the following executive Directors and other Persons Discharging ManagerialResponsibility under the Ultra Electronics Long-Term Incentive Plan. Douglas Caster 24,727Andrew Hamment 12,858Frank Hope 17,309David Jeffcoat 17,309Alan Jan-Janin 10,385Colin Ross 7,789Rakesh Sharma 8,902Keith Thomson 4,673 The Awards have been made in accordance with the Company's Long-Term IncentivePlan approved by the Company's Remuneration Committee, and vesting is subject tothe performance criteria approved at that meeting. The Awards are granted as nil cost options; the calculations of the number ofshares awarded being based on the average price on the 10-days leading up to andincluding 17th February 2006 of £10.11 per share. The realisation of Awards is to be dependent upon the Company's earnings pershare ("EPS") growth over a three-year period relative to the EPS growth of agroup of comparative companies. Vesting commences at 20% for median performance,rising on a straight-line basis so that the Award vests in full forupper-quartile performance. To the extent that the targets are not met at theend of the three-year period, the Award lapses. For further information, please contact: D JeffcoatCompany SecretaryTel: +44 (0)20 813 4321 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ULE.L