Director/PDMR Shareholding
Updated : 17:14
16 March 2021
Ultra Electronics Holdings plc
(the "Company")
Grant of Restricted Stock Unit Awards
On 15 March 2021, the following Persons Discharging Managerial Responsibility (the "Executives") were granted Restricted Stock Unit Awards over ordinary shares of 5 pence each in the Company ("RSUs") under the Ultra Electronics Long Term Incentive Plan 2017 ("LTIP") as follows:
Director/PDMR |
Number of RSUs
|
Michael Baptist | 1,289 |
Thomas Link | 1,402 |
Richard Cashin | 1,050 |
Louise Ruppel | 1,453 |
Steve Izquierdo | 1,283 |
Andrew Puryear | 914 |
The RSUs were granted using the average middle-market quotation over three days prior to date of grant (as derived from the London Stock Exchange Daily Official List), being £20.50.
The RSUs are in the form of nil cost options (other than that granted to Thomas Link and Andrew Puryear 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 during the holding period mentioned below.
The RSUs 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. The RSUs are also subject to the malus and clawback provisions of the LTIP.
No consideration was paid for the grant of the RSUs and no payment is due on their vesting or exercise.
Further information
The below 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 enquiries:
Alex Dent +44 (0) 20 8813 4321
For and on behalf of Ultra Electronics Holdings plc.
Louise Ruppel
General Counsel & Company Secretary
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Michael Baptist | ||||
b) | Position / status | President - Intelligence & Communications/PDMR | ||||
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 nil cost option RSUs under the Company's Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,289 | ||||
e) | Date of the transaction | 15 March 2021 | ||||
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 | President - Maritime/PDMR | ||||
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 conditional award RSUs under the Company's Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,402 | ||||
e) | Date of the transaction | 15 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Richard Cashin | ||||
b) | Position / status | President, Strategy and Corporate Development/PDMR | ||||
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 nil cost option RSUs under the Company's Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,050 Nil | ||||
e) | Date of the transaction | 15 March 2021 | ||||
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/PDMR | ||||
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 nil cost option RSUs under the Company's Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,453 | ||||
e) | Date of the transaction | 15 March 2021 | ||||
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 Human Resources Officer/PDMR | ||||
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 nil cost option RSUs under the Company's Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,283 | ||||
e) | Date of the transaction | 15 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Andrew Puryear | ||||
b) | Position / status | Chief Technology Officer/PDMR | ||||
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 conditional award RSUs under the Company's Long Term Incentive Plan 2017. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
| ||||
e) | Date of the transaction | 15 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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