RNS Number : 4701W
Ultra Electronics Holdings PLC
17 April 2019
 

Ultra Electronics Holdings plc (the "Company")

 

Ultra Electronics Long Term Incentive Plan 2017

 

Share Awards

On 16 April 2019 the following Executive Directors of the Company and other Persons Discharging Managerial Responsibility, were granted awards entitling them to acquire ordinary shares of 5 pence each in the Company under the Ultra Electronics Long Term Incentive Plan 2017 as follows:

 

Director/PDMR

 

Number of shares covered by Award

 

Simon

Pryce

    65,366

Amitabh

Sharma

    28,669

Carlos

Santiago

    30,959

Michael

Baptist

    14,986

Graeme

Stacey

    13,839

William

Terry

    18,244

Thomas

Link

    14,923

Louise

Ruppel*

    27,522

Steve

Izquierdo

    13,761

Chris

Binsley

       7,305

Total


  235,574

* This award includes a recruitment award under the same conditions as identified below.

 

The awards are in the form of options with a nil exercise price (other than those granted to Carlos Santiago, Thomas Link and William Terry which are in the form of conditional awards under which shares are automatically delivered on vesting). Additional shares may be delivered equivalent to the value of dividends received from grant to vesting (and, in the case of options, during the holding period mentioned below).

 

The awards will normally vest on the third anniversary of the grant date, subject to continued employment and the satisfaction of performance conditions (each applicable to a quarter of the award) based upon relative total shareholder return against constituents of the FTSE 250 index (excluding investment trusts), return on invested capital (ROIC), organic operating profit (OOP), and organic operating revenue (OOR). Vested options are normally exercisable until the day before the 10th anniversary of their grant. Shares acquired that are not sold to fund tax withholding must normally be retained for 2 years from vesting.

 

Awards may also be settled in cash at the discretion of the Remuneration Committee.

 

No consideration was paid for the grant of the awards and no payment is due on their vesting or exercise.

 

Further information

 

The above notifications are 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 enquiriesCherise Trumper  +44 (0) 02 8813 4321

For and on behalf of Ultra Electronics Holdings plc.

 

Louise Ruppel

General Counsel & Company Secretary

Date: 16 April 2019

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Simon Pryce

b)

Position / status

CEO

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

65,366





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Amitabh Sharma

b)

Position / status

Group Finance Director

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

28,669





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Carlos Santiago

b)

Position / status

Group Executive Vice President

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

30,959





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Michael Baptist

b)

Position / status

Divisional Managing Director

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

14,986





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Graeme Stacey

b)

Position / status

Divisional Managing Director

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

13,839





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

William Terry

b)

Position / status

Group Executive Vice President

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

18,244





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Thomas Link

b)

Position / status

Divisional Managing Director

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

14,923





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Louise Ruppel

b)

Position / status

Group Counsel & Company Secretary

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

27,522





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

13,761





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Christopher Binsley

b)

Position / status

Corporate Marketing Director

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

 

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 a conditional award under the Company's Long Term Incentive Plan 2017 as a nil exercise price option.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

7,305





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

Outside a trading venue

 


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