TIDMCLG
RNS Number : 3044N
Clipper Logistics plc
16 January 2019
Clipper Logistics plc
("Clipper" or the "Company")
Grant of share awards and options
Clipper Logistics plc announces that the following share awards
were made on 16 January 2019 under the Company's Performance Share
Plan:
Conditional awards of nil-cost options over a total of 671,645
Ordinary Shares of 0.05 pence each ("shares") were granted to 13
employees, pursuant to the Company's Performance Share Plan.
("PSP"). Any vesting of the awards is subject to performance
conditions relating to growth in adjusted diluted earnings per
share, and the overall performance of Clipper. The period during
which the awards will be exercisable is 16/01/2022 - 16/01/2029,
with the exception of the options granted to the three Executive
Directors (Steven Parkin, Antony Mannix and David Hodkin) whose
options are subject to a two year holding period, and as such will
be exercisable during the period 16/01/2024 - 16/01/2029.
Included in the 13 employees, the below PDMRs (Person
Discharging Managerial Responsibilities) received conditional
awards:
Name Title Number of Ordinary Total number of Ordinary
Shares granted Shares over which
options held following
notification(1)
Steven Parkin Executive Chairman 173,499 602,535
-------------------- ------------------- ------------------------
Antony Mannix CEO 116,489 368,372
-------------------- ------------------- ------------------------
David Hodkin CFO 92,009 292,761
-------------------- ------------------- ------------------------
Roger Peel Managing Director 24,827 56,992
-------------------- ------------------- ------------------------
Richard Costello Managing Director 29,999 29,999
-------------------- ------------------- ------------------------
1. As disclosed in the Company's interim results to 31 October
2018, published on 6 December 2018, the Remuneration Committee
concluded that none of the PSP awards due to vest on 14 January
2019 would vest. The Remuneration Committee also concluded that
none of the PSP awards due to vest on 29 March 2019 will vest. The
final column of the table above reflects the non-vesting of these
awards.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Steven Parkin
------------------- --------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Executive Chairman
------------------- --------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Clipper Logistics plc
------------------- --------------------------------------------------
b) LEI 213800H9ZTUCXHVD1E79
------------------- --------------------------------------------------
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 0.05p
of the financial GB00BMMV6B79
instrument,
type of
instrument
Identification
code
------------------- --------------------------------------------------
b) Nature of Grant of conditional shares in the Company's PSP
the transaction
------------------- --------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) N/A 173,499
----------
------------------- --------------------------------------------------
d) Aggregated N/A - single transaction
information
Aggregated
volume
Price
------------------- --------------------------------------------------
e) Date of 16 January 2019
the transaction
------------------- --------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------- --------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Antony Mannix
------------------- --------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status CEO
------------------- --------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Clipper Logistics plc
------------------- --------------------------------------------------
b) LEI 213800H9ZTUCXHVD1E79
------------------- --------------------------------------------------
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 0.05p
of the financial GB00BMMV6B79
instrument,
type of
instrument
Identification
code
------------------- --------------------------------------------------
b) Nature of Grant of conditional shares in the Company's PSP
the transaction
------------------- --------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) N/A 116,489
----------
------------------- --------------------------------------------------
d) Aggregated N/A - single transaction
information
Aggregated
volume
Price
------------------- --------------------------------------------------
e) Date of 16 January 2019
the transaction
------------------- --------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------- --------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Hodkin
------------------- --------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status CFO
------------------- --------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Clipper Logistics plc
------------------- --------------------------------------------------
b) LEI 213800H9ZTUCXHVD1E79
------------------- --------------------------------------------------
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 0.05p
of the financial GB00BMMV6B79
instrument,
type of
instrument
Identification
code
------------------- --------------------------------------------------
b) Nature of Grant of conditional shares in the Company's PSP
the transaction
------------------- --------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) N/A 92,009
----------
------------------- --------------------------------------------------
d) Aggregated N/A - single transaction
information
Aggregated
volume
Price
------------------- --------------------------------------------------
e) Date of 16 January 2019
the transaction
------------------- --------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------- --------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Roger Peel
------------------- --------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Subsidiary Managing Director
------------------- --------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Clipper Logistics plc
------------------- --------------------------------------------------
b) LEI 213800H9ZTUCXHVD1E79
------------------- --------------------------------------------------
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 0.05p
of the financial GB00BMMV6B79
instrument,
type of
instrument
Identification
code
------------------- --------------------------------------------------
b) Nature of Grant of conditional shares in the Company's PSP
the transaction
------------------- --------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) N/A 24,827
----------
------------------- --------------------------------------------------
d) Aggregated N/A - single transaction
information
Aggregated
volume
Price
------------------- --------------------------------------------------
e) Date of 16 January 2019
the transaction
------------------- --------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------- --------------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Richard Costello
------------------- --------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Subsidiary Managing Director
------------------- --------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Clipper Logistics plc
------------------- --------------------------------------------------
b) LEI 213800H9ZTUCXHVD1E79
------------------- --------------------------------------------------
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 0.05p
of the financial GB00BMMV6B79
instrument,
type of
instrument
Identification
code
------------------- --------------------------------------------------
b) Nature of Grant of conditional shares in the Company's PSP
the transaction
------------------- --------------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) N/A 29,999
----------
------------------- --------------------------------------------------
d) Aggregated N/A - single transaction
information
Aggregated
volume
Price
------------------- --------------------------------------------------
e) Date of 16 January 2019
the transaction
------------------- --------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------- --------------------------------------------------
ENQUIRIES
Clipper: +44 (0)113 204 2050
Steve Parkin, Executive Chairman
Tony Mannix, Chief Executive Officer
David Hodkin, Chief Financial Officer
Public Relations Advisers:
Buchanan: +44 (0) 20 7466 5000
David Rydell
Stephanie Watson
Hannah Ratcliff
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHSFFFMMFUSEEF
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January 16, 2019 11:23 ET (16:23 GMT)
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