31st May 2007 17:25
TT electronics PLC31 May 2007 TT electronics plc Long Term Incentive Plan ("LTIP") TT electronics plc ("the Company") announces that on 31 May 2007 a conditionalaward of ordinary shares of 25p each in the Company ("Shares") was made to thefollowing Executive Directors of the Company: Director Maximum Number of Shares Neil A. Rodgers 47,826Roderick W. Weaver 38,868James W. Armstrong 29,953 No consideration is payable for the award. The LTIP was approved by shareholders at the 2005 Extraordinary General Meeting.The award will vest in three years from the date of grant, subject toachievement of the performance criteria. The performance criteria require thatthe Company's earnings per share, measured over a three year period, must growin excess of the Retail Price Index by at least 3 per cent compound per annum.For full vesting the Company's earnings per share, measured over the sameperiod, must have grown by at least 7 per cent compound per annum in excess ofthe 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