11 July 2022
Ultra Electronics Holdings plc
(the "Company")
Grant of Restricted Stock Unit Awards
On 8 July 2022, 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
|
|
Mike Baptist
|
774
|
|
Thomas Link
|
566
|
|
Louise Ruppel
|
910
|
|
Steve Izquierdo
|
793
|
|
Andrew Puryear
|
698
|
The RSUs 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 RSUs are in the form of nil cost conditional awards under which shares are automatically delivered on vesting and are subject to continued employment.
The RSUs would normally vest on the third anniversary of the grant date, subject to continued employment. 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.
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 conditional awards RSUs under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
774
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
774
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 award RSUs under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
566
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
566
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 award RSUs under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
910
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
910
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 award RSUs under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
793
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
793
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 award RSUs under the Company's Long Term Incentive Plan 2017.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
698
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
698
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
|
|