TIDMCKN

RNS Number : 4930V

Clarkson PLC

14 April 2021

Clarkson PLC

("Clarksons" or "the Company")

14 April 2021

Director/PDMR Shareholdings

This notification is made in accordance with the Market Abuse Regulation.

Grant of Deferred Share Awards

The Company announces that on 13 April 2021, in fulfilment of the 10% deferred element of the 2020 bonus, as disclosed in the 2020 annual report, the following Deferred Share Awards over ordinary shares of 25p each in the Company were granted under the Clarkson PLC 2014 Long Term Incentive Plan (the "Plan") to Executive Directors of the Company.

The vesting of these awards is subject to continued employment and they will normally vest on 13 April 2025.

 
 Director        Number of shares   Form of award 
                  under award 
 Mr Andi Case    8,253              Restricted shares 
                -----------------  ------------------ 
 Mr Jeff Woyda   2,134              Restricted shares 
                -----------------  ------------------ 
 

Grant of Performance Awards

Also on 13 April 2021, the following Performance Awards over ordinary shares of 25p each in the Company were granted under the Plan, as disclosed in the 2020 annual report.

Vesting of these awards is subject to the fulfilment of certain performance conditions over a three-year period and continued employment, followed by a two-year holding period. Under the Plan rules, the Remuneration Committee has full discretion to ensure that the final outturn reflects all relevant factors, including consideration of any windfall gains.

 
 Director        Number of shares   Form of award 
                  under award 
 Mr Andi Case    28,576             Nil Cost Option 
                -----------------  ---------------- 
 Mr Jeff Woyda   18,184             Nil Cost Option 
                -----------------  ---------------- 
 

Following the above transactions, which are detailed in the attached PDMR Notification Dealing Forms, the Directors' interests in the Company's share capital is as follows:

 
 Director         Ordinary   % of       Restricted   % of       Performance-related   SAYE       % of 
                   shares     issued     shares       issued     options*              options    issued 
                              share                   share                                       share 
                              capital                 capital                                     capital 
                 ---------             -----------             --------------------  --------- 
 Mr Andi Case     514,458    1.69%      47,702       0.16%      122,797               -          0.40% 
                 ---------  ---------  -----------  ---------  --------------------  ---------  --------- 
 Mr Jeff Woyda    80,602     0.27%      11,812       0.04%      76,102                813        0.25% 
                 ---------  ---------  -----------  ---------  --------------------  ---------  --------- 
 

* Includes the vesting outcome of the award granted on 14 May 2018, which formally vests on 14 May 2021. This was based on performance over a three-year period to 31 December 2020, the outcome of which has already been measured and disclosed in the 2020 annual report.

For further details please contact:

Company enquiries:

Deborah Abrehart

Company Secretary

Tel: +44(0)20 7334 3185

Camarco:

Billy Clegg

Jennifer Renwick

Tel: +44(0)20 3757 4983 / 4994

About Clarkson PLC

Clarkson PLC is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.

Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors. Clarksons continues to drive innovation across its business, developing digital solutions which underpin the Group's unrivalled expertise and knowledge with leading technology.

The Group employs over 1,600 people in 53 different offices across its four divisions and is number one or two in all its market segments.

The Company has delivered 18 years of consecutive dividend growth. The highly cash-generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on the upturn in its markets.

Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.

For more information, visit www.clarksons.com

 
 PDMR DEALING NOTIFICATION TEMPLATE 
 Notification and public disclosure of transactions by persons 
  discharging managerial responsibilities and persons closely 
  associated with them 
 1       Details of the person discharging managerial responsibilities/person 
          closely associated 
        ----------------------------------------------------------------------------------------- 
 a)      Name                                      Andi Leigh Case 
        ----------------------------------------  ----------------------------------------------- 
 2       Reason for the notification 
        ----------------------------------------------------------------------------------------- 
 a)      Position/status                           Chief Executive Officer 
        ----------------------------------------  ----------------------------------------------- 
 b)      Initial notification                      Initial notification 
          /Amendment 
        ----------------------------------------  ----------------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        ----------------------------------------------------------------------------------------- 
 a)      Name                                      Clarkson PLC 
        ----------------------------------------  ----------------------------------------------- 
 b)      Legal Entity                              2138007G6BGTEHI3OT22 
          Identifier 
        ----------------------------------------  ----------------------------------------------- 
 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                               Ordinary shares of 25p each in Clarkson PLC 
          of the financial 
          instrument, 
          type of instrument 
        ----------------------------------------  ----------------------------------------------- 
         Identification                            GB0002018363 
          code 
        ----------------------------------------  ----------------------------------------------- 
 b)      Nature of the                             Grant of Deferred Share Award (restricted 
          transaction                               shares) under the Clarkson PLC 2014 Long 
                                                    Term Incentive Plan in respect of deferred 
                                                    bonus. 
        ----------------------------------------  ----------------------------------------------- 
 c)      Price(s) and                              Price(s)                 Volume(s) 
          volume(s) 
        ----------------------------------------  -----------------------  ---------------------- 
   GBP28.87                                                                 8,253 
  -----------------------------------------------------------------------  ---------------------- 
 
 d)      Aggregated information                    Not applicable - single transaction 
        ----------------------------------------  ----------------------------------------------- 
  - Aggregated 
   volume 
 -----------------------------------------------------------------  -----  ---------------------- 
  - Price 
 -----------------------------------------------------------------  -----  ---------------------- 
 e)      Date of the                               13 April 2021 
          transaction 
        ----------------------------------------  ----------------------------------------------- 
 f)      Place of the                              Outside a trading venue 
          transaction 
        ----------------------------------------  ----------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                      Jeffrey David Woyda 
      ----------------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                           Chief Financial Officer & Chief Operating 
                                                  Officer 
      ----------------------------------------  -------------------------------------------------- 
 b)    Initial notification                      Initial notification 
        /Amendment 
      ----------------------------------------  -------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------------- 
 a)    Name                                      Clarkson PLC 
      ----------------------------------------  -------------------------------------------------- 
 b)    Legal Entity                              2138007G6BGTEHI3OT22 
        Identifier 
      ----------------------------------------  -------------------------------------------------- 
 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 25p each in Clarkson PLC 
        the financial 
        instrument, type 
        of instrument 
      ----------------------------------------  -------------------------------------------------- 
       Identification                            GB0002018363 
        code 
      ----------------------------------------  -------------------------------------------------- 
 b)    Nature of the                             Grant of Deferred Share Award (restricted 
        transaction                               shares) under the Clarkson PLC 2014 Long Term 
                                                  Incentive Plan in respect of deferred bonus. 
      ----------------------------------------  -------------------------------------------------- 
 c)    Price(s) and                              Price(s)                 Volume(s) 
        volume(s) 
      ----------------------------------------  -----------------------  ------------------------- 
   GBP28.87                                                               2,134 
  ---------------------------------------------------------------------  ------------------------- 
 
 d)    Aggregated information                    Not applicable - single transaction 
      ----------------------------------------  -------------------------------------------------- 
  - Aggregated 
   volume 
 -----------------------------------------------------------------  ---  ------------------------- 
  - Price 
 -----------------------------------------------------------------  ---  ------------------------- 
 e)    Date of the transaction                   13 April 2021 
      ----------------------------------------  -------------------------------------------------- 
 f)    Place of the                              Outside a trading venue 
        transaction 
      ----------------------------------------  -------------------------------------------------- 
 
 
 PDMR DEALING NOTIFICATION TEMPLATE 
 Notification and public disclosure of transactions by persons 
  discharging managerial responsibilities and persons closely 
  associated with them 
 1       Details of the person discharging managerial responsibilities/person 
          closely associated 
        ----------------------------------------------------------------------------------------- 
 a)      Name                                      Andi Leigh Case 
        ----------------------------------------  ----------------------------------------------- 
 2       Reason for the notification 
        ----------------------------------------------------------------------------------------- 
 a)      Position/status                           Chief Executive Officer 
        ----------------------------------------  ----------------------------------------------- 
 b)      Initial notification                      Initial notification 
          /Amendment 
        ----------------------------------------  ----------------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        ----------------------------------------------------------------------------------------- 
 a)      Name                                      Clarkson PLC 
        ----------------------------------------  ----------------------------------------------- 
 b)      Legal Entity                              2138007G6BGTEHI3OT22 
          Identifier 
        ----------------------------------------  ----------------------------------------------- 
 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 25p each in Clarkson PLC 
          the financial 
          instrument, type 
          of instrument 
        ----------------------------------------  ----------------------------------------------- 
         Identification                            GB0002018363 
          code 
        ----------------------------------------  ----------------------------------------------- 
 b)      Nature of the                             Grant of Performance Award (in the form of 
          transaction                               a nil cost option) under the Clarkson PLC 
                                                    2014 Long Term Incentive Plan. 
        ----------------------------------------  ----------------------------------------------- 
 c)      Price(s) and                              Price(s)                 Volume(s) 
          volume(s) 
        ----------------------------------------  -----------------------  ---------------------- 
   GBP28.87                                                                 28,576 
  -----------------------------------------------------------------------  ---------------------- 
 
 d)      Aggregated information                    Not applicable - single transaction 
        ----------------------------------------  ----------------------------------------------- 
  - Aggregated 
   volume 
 -----------------------------------------------------------------  -----  ---------------------- 
  - Price 
 -----------------------------------------------------------------  -----  ---------------------- 
 e)      Date of the transaction                   13 April 2021 
        ----------------------------------------  ----------------------------------------------- 
 f)      Place of the                              Outside a trading venue 
          transaction 
        ----------------------------------------  ----------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                      Jeffrey David Woyda 
      ----------------------------------------  ----------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------------- 
 a)    Position/status                           Chief Financial Officer & Chief Operating 
                                                  Officer 
      ----------------------------------------  ----------------------------------------------- 
 b)    Initial notification                      Initial notification 
        /Amendment 
      ----------------------------------------  ----------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------------- 
 a)    Name                                      Clarkson PLC 
      ----------------------------------------  ----------------------------------------------- 
 b)    Legal Entity                              2138007G6BGTEHI3OT22 
        Identifier 
      ----------------------------------------  ----------------------------------------------- 
 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 25p each in Clarkson PLC 
        the financial 
        instrument, type 
        of instrument 
      ----------------------------------------  ----------------------------------------------- 
       Identification                            GB0002018363 
        code 
      ----------------------------------------  ----------------------------------------------- 
 b)    Nature of the                             Grant of Performance Award (in the form of 
        transaction                               a nil cost option) under the Clarkson PLC 
                                                  2014 Long Term Incentive Plan. 
      ----------------------------------------  ----------------------------------------------- 
 c)    Price(s) and                              Price(s)                Volume(s) 
        volume(s) 
      ----------------------------------------  ----------------------  ----------------------- 
   GBP28.87                                                              18,184 
  --------------------------------------------------------------------  ----------------------- 
 
 d)    Aggregated information                    Not applicable - single transaction 
      ----------------------------------------  ----------------------------------------------- 
  - Aggregated 
   volume 
 ----------------------------------------------------------------  ---  ----------------------- 
  - Price 
 ----------------------------------------------------------------  ---  ----------------------- 
 e)    Date of the transaction                   13 April 2021 
      ----------------------------------------  ----------------------------------------------- 
 f)    Place of the                              Outside a trading venue 
        transaction 
      ----------------------------------------  ----------------------------------------------- 
 

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END

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