Clarke(T.) PLC Grant of EIP Options and Shares (2764M)
April 26 2018 - 8:33AM
UK Regulatory
TIDMCTO
RNS Number : 2764M
Clarke(T.) PLC
26 April 2018
TClarke plc
("the Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
The Company announces that on 25(th) April 2018, the following
Executive Directors of the Company were granted nil cost
conditional share awards over ordinary shares of 10p each in
Company ("Shares") pursuant to the TClarke plc Equity Incentive
Plan ("the Plan") as follows:
Director: Number of conditional
shares awarded:
Mark Lawrence 181,588
Mike Crowder 154,934
Trevor Mitchell 135,078
No consideration was paid for the grant of the conditional share
awards. The conditional share awards will normally vest on 25(th)
April 2021, 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%
--------------------- ----------------------------
*Base point from which performance is measured is based on
average underlying EPS for the three years ended 31(st) December
2017.
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 181,588
---------- ----------
--- -------------------------------- ----------------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated
volume
* Price
--- -------------------------------- ----------------------------------------
e) Date of the transaction 2018-04-25
--- -------------------------------- ----------------------------------------
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 154,934
---------- ----------
--- -------------------------------- ----------------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated
volume
* Price
--- -------------------------------- ----------------------------------------
e) Date of the transaction 2018-04-25
--- -------------------------------- ----------------------------------------
f) Place of the Outside a trading venue
transaction
--- -------------------------------- ----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------------
a) Name Trevor Mitchell
--- -------------------------------- ----------------------------------------
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 135,078
---------- ----------
--- -------------------------------- ----------------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated
volume
* Price
--- -------------------------------- ----------------------------------------
e) Date of the transaction 2018-04-25
--- -------------------------------- ----------------------------------------
f) Place of the Outside a trading venue
transaction
--- -------------------------------- ----------------------------------------
For further information contact:
TClarke plc
Mark Lawrence - Group Chief Executive
Trevor Mitchell - Finance Director
David Lanchester - Company Secretary
Tel: 020 7997 7400
www.tclarke.co.uk
N+1 Singer (Financial Adviser and Broker)
Sandy Fraser
Rachel Hayes
Tel: 020 7496 3000
www.nplus1singer.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
26(th) April 2018
This information is provided by RNS
The company news service from the London Stock Exchange
END
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