16th Jan 2007 17:04
TT electronics PLC16 January 2007 TT electronics plc Long Term Incentive Plan ("LTIP") TT electronics plc ("the Company") announces that on 16 January 2007 thefollowing conditional award of ordinary shares of 25p each in the Company("Shares") was made to the Executive Directors of the Company. Director Maximum Number of Shares John W. Newman 117596 Neil A. Rodgers 61878 Roderick W. Weaver 50288 James W. Armstrong 38754 No consideration is payable for the award. The LTIP was approved by shareholders at the 2005 EGM. The award will vest inthree years from the date of grant, subject to achievement of the performancecriteria. The performance criteria require that the Company's earnings pershare, measured over a three year period, must grow in excess of the RetailPrice Index by at least 3 per cent compound per annum. For full vesting theCompany's earnings per share, measured over the same period, must have grown byat least 7 per cent compound per annum in excess of the Retail Price Index. For further information please contact: TT electronics plcJohn W Newman, Executive Chairman: Tel: 01932 856 647 BiddicksZoe Biddick: Tel: 020 7448 1000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tt Electronics