30th Oct 2012 17:24
30 October 2012
TT electronics plc
Long Term Incentive Plan
This notification is made in accordance with DTR 3.1.4(1)(a).
On 29 October 2012, following full satisfaction of relevant performance conditions, the outstanding award made on 27 October 2009 under the Company's Long term Incentive Plan (the "Plan") over Ordinary shares in the Company of 25p each ("Shares") to P Murray, a Person Discharging Managerial Responsibilities ("PDMR"), vested in full.
The number of Shares vesting has been reduced as part of arrangements under which the Company will settle the tax and national insurance liability arising under the award. Accordingly, a reduced number of Shares were issued to satisfy the award as follows:
Name of Director/PDMR | Number of Shares over which the award was made | Tax and national insurance adjustment | Net shares allocated | Total holding following vesting of award (and percentage of issued Shares) |
Pat Murray | 202,667 | 105,387 | 97,280 | 97,280 (0.062%) |
No consideration is payable.
For further information please contact:
TT electronics plc
Geraint Anderson, Group Chief Executive: Tel: 01932 825300
Hudson Sandler
Andrew Hayes / Andrew Leach / Wendy Baker: Tel: 020 7796 4133
Related Shares:
Tt Electronics