TT ELECTRONICS PLC

Remuneration Information • Mar 15, 2024

National Storage Mechanism | Additional information

RNS Number : 0379H

TT Electronics PLC

15 March 2024

15 March 2024

TT Electronics plc

Deferred Share Bonus Plan

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

TT Electronics Deferred Share Bonus Plan ("DSBP"): vesting of 2022 Awards and related sales.

On 14 March 2022, the Company announced that conditional awards of ordinary shares of 25p each in the Company ("Shares"), equal to 20 per cent of the 2021 short-term incentive award, had been granted under the DSBP to the Executive Directors of the Company.  On 14 March 2024, the deferred shares described above vested on the second anniversary of the conditional award of Shares.

The table below shows the number of related Shares acquired by the remaining Executive Director entitled to receive Shares under the award, the number of Shares sold to satisfy the tax and national insurance liabilities, and the number of Shares retained following the sales.

Executive Director	Shares Vested	Shares sold to satisfy tax and NI liabilities	Shares retained	Resultant beneficial interest in the Company's shares
Mark Hoad	46,039	21,639	24,400	812,1991

1   M Hoad's beneficial interest includes shares held by a PCA, Tracy Hoad.

The Company makes this announcement, including the notifications below, in accordance with the requirements of the EU Market Abuse Regulation.

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

1)   Mark Hoad

2.

Reason for the notification

a)

Position / status

1)   CFO

b)

Initial notification /

Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

TT Electronics plc

b)

LEI

213800TJGBW5VFHQEV54

4.

Details of the transaction(s)

a)

Description of the financial instrument, type of instrument

Identification Code

Ordinary shares of 25p each

GB0008711763

b)

Nature of the transaction

Acquisition of ordinary shares arising in connection with the settlement of Deferred Share Bonus Plan award granted on 14 March 2022

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1)   £0.00	1)   46,039

d)

Aggregated information

Aggregated volume

Price

46,039

£0.00

e)

Date of the transaction

2024-03-14

f)

Place of the transaction

Outside a trading venue

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

1)   Mark Hoad

2.

Reason for the notification

a)

Position / status

1)   CFO

b)

Initial notification /

amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

TT Electronics plc

b)

LEI

213800TJGBW5VFHQEV54

4.

Details of the transaction(s)

a)

Description of the financial instrument, type of instrument

Identification Code

Ordinary shares of 25p each

GB0008711763

b)

Nature of the transaction

Disposal of shares to satisfy tax and NI liabilities in respect of the settlement of Deferred Share Bonus Plan award granted on 14 March 2022

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1)   £1.534	1)   21,639

d)

Aggregated information

Aggregated volume

Price

21,639

£1.534

e)

Date of the transaction

2024-03-14

f)

Place of the transaction

London Stock Exchange

For further information please contact:

TT Electronics plc

Peter France, Chief Executive Officer:                                  Tel:  + 44 (0)1932 825300

Mark Hoad, Chief Financial Officer:

Kate Moy, Head of Investor Relations                                   

MHP Communications

Tim Rowntree / Ollie Hoare:                                                     Tel:  +44 (0)20 3128 8100

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