13th Dec 2018 15:03
Ultra Electronics Holdings plc (the "Company")
Ultra Electronics Long Term Incentive Plan 2017
Director/PDMR Shareholding
On 13 December 2018 Stephen Izquierdo was granted an award entitling him to acquire 2,272 ordinary shares of 5 pence each in the Company under the Ultra Electronics Long Term Incentive Plan 2017.
The award is in the form of an option with a nil exercise price. Additional shares may be delivered equivalent to the value of dividends with record dates in the period from grant to vesting (or the end of the holding period mentioned below).
The award will normally vest in approximately equal tranches on the first, second and third anniversaries of 5 November 2018, the date on which Mr Izquierdo commenced employment with the Company. Vesting is normally subject to continued employment. The award will normally be exercisable until the day before the 10th anniversary of its grant. Shares not sold to fund tax withholding on their acquisition must normally be retained for 2 years from vesting. The award may be settled in cash at the discretion of the Remuneration Committee.
No payment was made for the grant of the award and no payment is due on its vesting or exercise.
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 |
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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 an award under the Company's Long Term Incentive Plan as a nil exercise price option. Subject to continued service, it will normally vest in equal tranches on 5 November in each of 2019, 2020 and 2021. | |||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |||||||||||
e) | Date of the transaction | 13 December 2018 | |||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||
Further information
The above notification is 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: Anant Prakash +44 (0) 02 8813 4321
For and on behalf of Ultra Electronics Holdings plc.
Anant Prakash
General Counsel & Company Secretary
Date: 13 December 2018
Related Shares:
ULE.L