Clarke(T.) PLC Director/PDMR Shareholding (6384E)
May 09 2017 - 10:04AM
UK Regulatory
TIDMCTO
RNS Number : 6384E
Clarke(T.) PLC
09 May 2017
TCLARKE PLC
(the "Company")
TCLARKE PLC EQUITY INCENTIVE PLAN - CONDITIONAL GRANT OF SHARES
AWARDS
On 8(th) May 2017, the Directors of the Company were granted
conditional share awards over ordinary shares of 10p each in the
capital of the Company ("Shares") under the TClarke plc Equity
Incentive Plan ("the Plan").
Details of the directors and the number of conditional share
awards granted to them under the Plan are as follows:
Director Number of
conditional
shares awarded
Mark Lawrence 115,000
Mike Crowder 100,000
Martin Walton 85,000
No consideration was paid for the grant of the conditional share
awards. The conditional share awards will normally vest on 8(th)
May 2020, being the third anniversary of the date of grant, subject
to continued employment with the Company and satisfaction of the
earnings per share performance condition as set out below:
Annual growth in EPS Proportion of award vesting
above RPI*
--------------------- ----------------------------
Less than 3% Nil
--------------------- ----------------------------
3% 25%
--------------------- ----------------------------
Between 3% and 10% Between 25% and 100%
on a straight line basis
--------------------- ----------------------------
Above 10% 100%
--------------------- ----------------------------
*Based on the underlying EPS for the year ended 31 December 2016
of 11.60p.
The following conditional share awards granted on 29(th) April
2014 have lapsed as the minimum performance conditions were not
met:
Director Number of conditional
shares lapsed
--------------- ----------------------
Mark Lawrence 85,000
--------------- ----------------------
Mike Crowder 85,000
--------------- ----------------------
Martin Walton 85,000
--------------- ----------------------
Formal notifications in respect of the conditional share awards to the directors are below;
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------------
a) Name Mark Lawrence
--- -------------------------------- ----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Group Chief Executive Officer
and Executive Director (PDMR).
--- -------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------------
a) Name TClarke plc
--- -------------------------------- ----------------------------------------
b) LEI 213800OIP8MU517BK123
--- -------------------------------- ----------------------------------------
4 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 Ordinary shares of 10 pence each
the financial
instrument, type
of instrument GB0002015021
Identification
code
--- -------------------------------- ----------------------------------------
b) Nature of the Grant of a conditional share
transaction award under the Equity Incentive
Plan
--- -------------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 115,000
---------- ----------
--- -------------------------------- ----------------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated
volume
* Price
--- -------------------------------- ----------------------------------------
e) Date of the transaction 2017-05-08
--- -------------------------------- ----------------------------------------
f) Place of the Outside a trading venue
transaction
--- -------------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------------
a) Name Mike Crowder
--- -------------------------------- ----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Group Managing Director and Executive
Director (PDMR).
--- -------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------------
a) Name TClarke plc
--- -------------------------------- ----------------------------------------
b) LEI 213800OIP8MU517BK123
--- -------------------------------- ----------------------------------------
4 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 Ordinary shares of 10 pence each
the financial
instrument, type
of instrument GB0002015021
Identification
code
--- -------------------------------- ----------------------------------------
b) Nature of the Grant of a conditional share
transaction award under the Equity Incentive
Plan
--- -------------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 100,000
---------- ----------
--- -------------------------------- ----------------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated
volume
* Price
--- -------------------------------- ----------------------------------------
e) Date of the transaction 2017-05-08
--- -------------------------------- ----------------------------------------
f) Place of the Outside a trading venue
transaction
--- -------------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------------
a) Name Martin Walton
--- -------------------------------- ----------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Group Finance Director and Executive
Director (PDMR).
--- -------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------------
a) Name TClarke plc
--- -------------------------------- ----------------------------------------
b) LEI 213800OIP8MU517BK123
--- -------------------------------- ----------------------------------------
4 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 Ordinary shares of 10 pence each
the financial
instrument, type
of instrument GB0002015021
Identification
code
--- -------------------------------- ----------------------------------------
b) Nature of the Grant of a conditional share
transaction award under the Equity Incentive
Plan
--- -------------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 85,000
---------- ----------
--- -------------------------------- ----------------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated
volume
* Price
--- -------------------------------- ----------------------------------------
e) Date of the transaction 2017-05-08
--- -------------------------------- ----------------------------------------
f) Place of the Outside a trading venue
transaction
--- -------------------------------- ----------------------------------------
For further information contact:
TClarke plc
Mark Lawrence - Group Chief Executive
Martin Walton - Finance Director
David Lanchester - Company Secretary
Tel: 020 7997 7400
www.tclarke.co.uk
N+1 Singer (Financial Adviser and Broker)
Sandy Fraser
Rachel Newton
Tel: 020 7496 3000
www.nplus1singer.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
9 May 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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