Ultra Electronics Holdings PLC Director/PDMR Shareholding (4723S)
March 16 2021 - 1:14PM
UK Regulatory
TIDMULE
RNS Number : 4723S
Ultra Electronics Holdings PLC
16 March 2021
16 March 2021
Ultra Electronics Holdings plc
(the "Company")
Grant of Restricted Stock Unit Awards
On 15 March 2021, 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
Michael Baptist 1,289
------------
Thomas Link 1,402
------------
Richard Cashin 1,050
------------
Louise Ruppel 1,453
------------
Steve Izquierdo 1,283
------------
Andrew Puryear 914
------------
The RSUs were granted using the average middle-market quotation
over three days prior to date of grant (as derived from the London
Stock Exchange Daily Official List), being GBP20.50.
The RSUs are in the form of nil cost options (other than that
granted to Thomas Link and Andrew Puryear which are in the form of
conditional awards under which shares are automatically delivered
on vesting). Additional shares may be delivered equivalent to the
value of dividends received from grant to vesting, and during the
holding period mentioned below.
The RSUs 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 10(th) anniversary of
their grant. 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 or exercise.
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 Initial notification
/ amendment
------------------------------ -------------------------------------------------
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 5p Ordinary Shares
of the financial
instrument GB0009123323
Identification
Code
------------------------------ -------------------------------------------------
b) Nature of the Grant of nil cost option RSUs under the
transaction Company's Long Term Incentive Plan 2017.
------------------------------ -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 1,289
----------
------------------------------ -------------------------------------------------
d) Aggregated information
* Aggregated volume
1,289
* Price Nil
------------------------------ -------------------------------------------------
e) Date of the 15 March 2021
transaction
------------------------------ -------------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ -------------------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Thomas Link
------------------------------ ------------------------------------------
b) Position / status President - Maritime/PDMR
------------------------------ ------------------------------------------
c) Initial notification Initial notification
/ amendment
------------------------------ ------------------------------------------
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 5p Ordinary Shares
of the financial
instrument GB0009123323
Identification
Code
------------------------------ ------------------------------------------
b) Nature of the Grant of conditional award RSUs under
transaction the Company's Long Term Incentive Plan
2017.
------------------------------ ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 1,402
----------
------------------------------ ------------------------------------------
d) Aggregated information
* Aggregated volume
1,402
* Price Nil
------------------------------ ------------------------------------------
e) Date of the 15 March 2021
transaction
------------------------------ ------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ ------------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Richard Cashin
------------------------------ -----------------------------------------------------
b) Position / status President, Strategy and Corporate Development/PDMR
------------------------------ -----------------------------------------------------
c) Initial notification Initial notification
/ amendment
------------------------------ -----------------------------------------------------
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 5p Ordinary Shares
of the financial
instrument GB0009123323
Identification
Code
------------------------------ -----------------------------------------------------
b) Nature of the Grant of nil cost option RSUs under the
transaction Company's Long Term Incentive Plan 2017.
------------------------------ -----------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 1,050
----------
------------------------------ -----------------------------------------------------
d) Aggregated information
* Aggregated volume
1,050
Nil
* Price
------------------------------ -----------------------------------------------------
e) Date of the 15 March 2021
transaction
------------------------------ -----------------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ -----------------------------------------------------
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 Initial notification
/ amendment
------------------------------ --------------------------------------------
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 5p Ordinary Shares
of the financial
instrument GB0009123323
Identification
Code
------------------------------ --------------------------------------------
b) Nature of the Grant of nil cost option RSUs under the
transaction Company's Long Term Incentive Plan 2017.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 1,453
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume
1,453
* Price Nil
------------------------------ --------------------------------------------
e) Date of the 15 March 2021
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
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 Initial notification
/ amendment
------------------------------ --------------------------------------------
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 5p Ordinary Shares
of the financial
instrument GB0009123323
Identification
Code
------------------------------ --------------------------------------------
b) Nature of the Grant of nil cost option RSUs under the
transaction Company's Long Term Incentive Plan 2017.
------------------------------ --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 1,283
----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume
1,283
* Price Nil
------------------------------ --------------------------------------------
e) Date of the 15 March 2021
transaction
------------------------------ --------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ --------------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Andrew Puryear
------------------------------ ------------------------------------------
b) Position / status Chief Technology Officer/PDMR
------------------------------ ------------------------------------------
c) Initial notification Initial notification
/ amendment
------------------------------ ------------------------------------------
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 5p Ordinary Shares
of the financial
instrument GB0009123323
Identification
Code
------------------------------ ------------------------------------------
b) Nature of the Grant of conditional award RSUs under
transaction the Company's Long Term Incentive Plan
2017.
------------------------------ ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 914
----------
------------------------------ ------------------------------------------
d) Aggregated information
* Aggregated volume
914
* Price Nil
------------------------------ ------------------------------------------
e) Date of the 15 March 2021
transaction
------------------------------ ------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------ ------------------------------------------
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END
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