RNS Number : 7063G
Ultra Electronics Holdings PLC
18 March 2020
18 March 2020
Ultra Electronics Holdings plc
(the "Company")
Deferred Bonus Share Award
The Company announces that, on 17 March 2020, Simon Pryce was granted a deferred bonus award under the Ultra Electronics Long Term Incentive Plan 2017 ("LTIP") entitling him to acquire 9,005 ordinary shares of 5 pence each in the Company.
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 received from grant to vesting.
The award 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 award may also be settled in cash at the discretion of the Remuneration Committee.
No consideration was paid for the grant of the award and no payment is due on its vesting or exercise.
Further information
The below 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) 20 8813 4321
For and on behalf of Ultra Electronics Holdings plc.
Louise Ruppel
General Counsel & Company Secretary
Date: 18 March 2020
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1.
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Details of PDMR / person closely associated with them ("PCA")
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a)
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Name
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Simon Pryce
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b)
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Position / status
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Chief Executive Officer/PDMR
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c)
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Initial notification / amendment
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Initial notification
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2
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Ultra Electronics Holdings plc
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b)
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LEI
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213800E68EATZGAJIP64
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3.
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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
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a)
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Description of the financial instrument
Identification Code
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5p Ordinary Shares
GB0009123323
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b)
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Nature of the transaction
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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).
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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Nil cost option
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9,005
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d)
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Aggregated information
- Aggregated volume
- Price
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Not applicable - single transaction
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e)
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Date of the transaction
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17 March 2020
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f)
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Place of the transaction
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Outside a trading venue
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