28th Aug 2008 16:47
28 August 2008
TT electronics plc
Long Term Incentive Plan ("LTIP")
TT electronics plc ("the Company") announces that a conditional award of ordinary shares of 25p each in the Company ("Shares") was today made to the following Executive Directors of the Company:
|
Director/PDMR |
Maximum Number of Shares |
|
|
Geraint Anderson |
341,463 |
|
|
Shatish D Dasani |
214,634 |
|
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 to achievement of the performance criteria. The performance criteria require that the Company's earnings per share, measured over a three year period, must grow in 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 same period, must have grown by at least 7 per cent compound per annum in excess of the Retail Price Index.
For further information please contact:
|
TT electronics plc |
|
|
Geraint Anderson, Group Chief Executive: |
Tel: 01932 841 310 |
|
Biddicks |
|
|
Zoë Biddick: |
Tel: 020 7448 1000 |
Related Shares:
Tt Electronics