11th Mar 2020 16:36
11 March 2020
Ultra Electronics Holdings plcVesting of LTIP Awards
Ultra Electronics Holdings plc (the "Company") announces the vesting of awards granted in the form of nil cost options ("Awards") over ordinary shares of 5p each in the Company ("Shares") in relation to Awards granted on 25 January 2019 under the Ultra Electronics Long Term Incentive Plan 2017. The Awards vested are the first of three tranches, which vest on the first, second and third anniversaries of 14 January 2019 (subject to closed period trading restrictions), the date on which Ms Ruppel commenced employment with the Company, in accordance with the terms of the grant. Although the first tranche of Awards vested on 14 January 2020, the transaction below took place on 10 March 2020 as the Company was previously in a closed period prior to release of results.
Name | Status | No. of Shares vested | No. of Shares sold to cover taxes and fees | No. of Shares retained net of taxes and fees |
Louise Ruppel | General Counsel & Company Secretary | 3,711 | 1,565 | 2,146 |
Following this transaction, Louise Ruppel has a beneficial interest in the Company over 2,146 Shares.
The below notification is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||||
a) | Name | L Ruppel | ||||||||
b) | Position / status | General Counsel & Company Secretary / PDMR | ||||||||
c) | Initial notification / amendment | Initial notification | ||||||||
2 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Ultra Electronics Holdings plc | ||||||||
b) | LEI | 213800E68EATZGAJIP64 |
| |||||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the financial instrument Identification Code | 5p Ordinary Shares
GB0009123323 | ||||||||
b) | Nature of the transaction | Vesting of nil cost options made under the Company's Long Term Incentive Plan. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Total No. Shares vested - 3,711 Total No. of Shares sold to cover taxes and fees - 1,565
Total Price £33,459.70 | ||||||||
e) | Date of the transaction | 10 March 2020 | ||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||
General enquiries
Cherise Trumper, Assistant Company Secretary: +44 (0) 0208 813 4321
For and on behalf of Ultra Electronics Holdings plc
Louise Ruppel
General Counsel & Company Secretary
Related Shares:
ULE.L