Director/PDMR Shareholding
Updated : 08:50
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) |
| ||||||||
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) |
| ||||||||
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 enquiries: Cherise 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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