17th Apr 2019 08:47
Ultra Electronics Holdings plc (the "Company")
Ultra Electronics Long Term Incentive Plan 2017
Share Awards
On 16 April 2019 the following Executive Directors of the Company and other Persons Discharging Managerial Responsibility, were granted awards entitling them to acquire ordinary shares of 5 pence each in the Company under the Ultra Electronics Long Term Incentive Plan 2017 as follows:
Director/PDMR |
Number of shares covered by Award
| |
Simon | Pryce | 65,366 |
Amitabh | Sharma | 28,669 |
Carlos | Santiago | 30,959 |
Michael | Baptist | 14,986 |
Graeme | Stacey | 13,839 |
William | Terry | 18,244 |
Thomas | Link | 14,923 |
Louise | Ruppel* | 27,522 |
Steve | Izquierdo | 13,761 |
Chris | Binsley | 7,305 |
Total | 235,574 | |
* This award includes a recruitment award under the same conditions as identified below.
The awards are in the form of options with a nil exercise price (other than those granted to Carlos Santiago, Thomas Link and William Terry which are in the form of conditional awards under which shares are automatically delivered on vesting). Additional shares may be delivered equivalent to the value of dividends received from grant to vesting (and, in the case of options, during the holding period mentioned below).
The awards will normally vest on the third anniversary of the grant date, subject to continued employment and the satisfaction of performance conditions (each applicable to a quarter of the award) based upon relative total shareholder return against constituents of the FTSE 250 index (excluding investment trusts), return on invested capital (ROIC), organic operating profit (OOP), and organic operating revenue (OOR). Vested options are normally exercisable until the day before the 10th anniversary of their grant. Shares acquired that are not sold to fund tax withholding must normally be retained for 2 years from vesting.
Awards may also be settled in cash at the discretion of the Remuneration Committee.
No consideration was paid for the grant of the awards and no payment is due on their vesting or exercise.
Further information
The above notifications are made in accordance with Article 19 of the Market Abuse Regulation and Rule 3.1 of the Disclosure and Transparency Rules.
Name of contact and telephone number for enquiries: Cherise Trumper +44 (0) 02 8813 4321
For and on behalf of Ultra Electronics Holdings plc.
Louise Ruppel
General Counsel & Company Secretary
Date: 16 April 2019
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Simon Pryce | |||||||||||
b) | Position / status | CEO | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Amitabh Sharma | |||||||||||
b) | Position / status | Group Finance Director | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Carlos Santiago | |||||||||||
b) | Position / status | Group Executive Vice President | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Michael Baptist | |||||||||||
b) | Position / status | Divisional Managing Director | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Graeme Stacey | |||||||||||
b) | Position / status | Divisional Managing Director | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | William Terry | |||||||||||
b) | Position / status | Group Executive Vice President | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Thomas Link | |||||||||||
b) | Position / status | Divisional Managing Director | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Louise Ruppel | |||||||||||
b) | Position / status | Group Counsel & Company Secretary | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Stephen Izquierdo | |||||||||||
b) | Position / status | Chief HR Officer | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||||
a) | Name | Christopher Binsley | |||||||||||
b) | Position / status | Corporate Marketing Director | |||||||||||
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 | Grant of a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option. | |||||||||||
c) | Price(s) and volume(s) |
| |||||||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 16 April 2019 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
Related Shares:
ULE.L