RNS Number : 4704W
Ultra Electronics Holdings PLC
17 April 2019
 

Ultra Electronics Holdings plc (the "Company")

 

Ultra Electronics Long Term Incentive Plan 2017

 

Deferred Bonus Share Award

On 16 April 2019 Executive Directors of the Company and other Persons Discharging Managerial Responsibility, were granted deferred bonus 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

4151

Amitabh Sharma

3962

 

The awards are in the form of options with a nil exercise price. Additional shares may be delivered equivalent to the value of dividends received from grant to vesting.

 

The awards will normally vest on the third anniversary of the grant date, subject to continued employment. Vested options are normally exercisable until the day before the 10th anniversary of their grant.

 

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.

 

 

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 deferred bonus award under the Company's Long Term Incentive Plan as a nil exercise price option. Subject to continued service, it will normally vest on the third anniversary of its grant (and remain exercisable until the day before the 10th anniversary of its grant).

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

4151





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 deferred bonus award under the Company's Long Term Incentive Plan as a nil exercise price option. Subject to continued service, it will normally vest on the third anniversary of its grant (and remain exercisable until the day before the 10th anniversary of its grant).

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

3962





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

 

 

Further information

 

The above notification is 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

 

 


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