11 July 2022
Ultra Electronics Holdings plc
(the "Company")
Deferred Bonus Awards
The Company announces that, on 8 July 2022, Simon Pryce and Jos Sclater were granted deferred bonus awards over ordinary shares of 5 pence each in the Company ("Awards") under the Ultra Electronics Long Term Incentive Plan 2017 ("LTIP") as follows:
|
|
Number of Awards
|
|
Simon Pryce
|
10,009
|
|
Jos Sclater
|
6,241
|
The Awards were granted using the middle-market quotation of 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 continuous employment.
The Awards and shares acquired upon vesting are subject to the malus and clawback provisions of the LTIP.
No consideration was paid for the grant of the awards and no payment is due on their vesting.
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: 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 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 deferred bonus award under the Company's Long Term Incentive Plan as nil cost conditional awards.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
10,009
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
10.009
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 deferred bonus award under the Company's Long Term Incentive Plan as nil cost conditional awards.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
6,241
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
6,241
Nil
|
|
e)
|
Date of the transaction
|
8 July 2022
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
|
|
|