RNS Number : 3161O
Ultra Electronics Holdings PLC
28 January 2019
 

Ultra Electronics Holdings plc (the "Company")

 

Ultra Electronics Long Term Incentive Plan 2017

 

Director/PDMR Shareholding

On 25 January 2019 Louise Ruppel was granted an award entitling him to acquire 11,132 ordinary shares of 5 pence each in the Company under the Ultra Electronics Long Term Incentive Plan 2017.

The award is in the form of an option with a nil exercise price. Additional shares may be delivered equivalent to the value of dividends with record dates in the period from grant to vesting (or the end of the holding period mentioned below).

 

The award will normally vest in approximately equal tranches on the first, second and third anniversaries of 14 January 2019, the date on which Ms Ruppel commenced employment with the Company. Vesting is normally subject to continued employment.  The award will normally be exercisable until the day before the 10th anniversary of its grant.  The award may be settled in cash at the discretion of the Remuneration Committee.

 

No payment was made for the grant of the award and no payment is due on its vesting or exercise.

 

1.

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

a)

Name

Louise Ruppel

b)

Position / status

General 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 an award under the Company's Long Term Incentive Plan as a nil exercise price option. Subject to continued service, it will normally vest in equal tranches on 5 November in each of 2019, 2020 and 2021.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0

11,132





d)

Aggregated information

-      Aggregated volume

-      Price

 

Not applicable - single transaction

e)

Date of the transaction

25 January 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.

 

Cherise Trumper

Assistant Company Secretary

Date: 28 January 2019


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