11 July 2022
Ultra Electronics Holdings plc
(the "Company")
Long Term Incentive Plan Awards
On 8 July 2022, the following Executive Directors of the Company and other Persons Discharging Managerial Responsibility (the "Executives") were granted conditional awards over ordinary shares of 5 pence each in the Company ("Awards") under the Ultra Electronics Long Term Incentive Plan 2017 ("LTIP") as follows:
|
Director/PDMR
|
Number of Awards
|
|
Simon Pryce
|
40,037
|
|
Jos Sclater
|
19,285
|
|
Mike Baptist
|
7,042
|
|
Thomas Link
|
7,635
|
|
Louise Ruppel
|
6,187
|
|
Steve Izquierdo
|
5,498
|
|
Andrew Puryear
|
5,028
|
The Awards were granted using the middle-market quotation on the dealing day prior to date of grant (as derived from the London Stock Exchange Daily Official List), being £34.90.
The Awards are in the form of nil-cost conditional awards under which shares are automatically delivered on vesting.
The Awards would normally vest on the third anniversary of the grant date, subject to continued employment and the satisfaction of performance conditions (each applicable to a quarter of the award) based upon relative total shareholder return against constituents of the FTSE 250 index (excluding investment trusts), return on invested capital (ROIC), annual growth in organic operating profit (OOP), and annual growth in organic operating revenue (OOR).
No consideration was paid for the grant of the awards and no payment is due on their vesting.
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
|
Simon Pryce
|
|
b)
|
Position / status
|
Chief Executive Office/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 conditional awards under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
40,037
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
40,037
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
|
|
|
1.
|
Details of PDMR / person closely associated with them ("PCA")
|
|
a)
|
Name
|
Mark Josceline Sclater
|
|
b)
|
Position / status
|
Chief Financial 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 conditional awards under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
19,285
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
19,285
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
|
|
|
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 conditional awards under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
7,042
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
7,042
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
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 nil cost conditional awards under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
7,635
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
7,635
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
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 conditional awards under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
6,187
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
6,187
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
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 conditional awards under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
5,498
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
5,498
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
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 nil cost conditional awards under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
5,028
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
5,028
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
|
|