Director/PDMR Shareholding

RNS Number : 8334U
Carclo plc
04 August 2022
 

Carclo plc

 

DIRECTOR/PDMR Shareholding

 

Notification and public disclosure of LTIP Awards to Directors/Persons Discharging Managerial Responsibilities and their Closely Associated Persons

 

Carclo plc confirms that an allocation was granted under the terms of the Carclo plc 2017 Performance Share Plan to Persons Discharging Managerial Responsibilities as set out below.  The awards were granted on 3 August 2022 and the ordinary shares will vest at the end of a three-year period depending on the achievement of performance targets set out in the LTIP, and for Phil White only, as an executive director, are then subject to a further two-year holding period.  The awards take the form of nil cost options, being an option under the LTIP, with a nil exercise price.

 

Name

Status

No. of shares subject to allocation




Phil White

Director

386,778

Chief Financial Officer






Rob Stutzman

PDMR

175,492

Divisional CEO (CTP)






Alan Hook

PDMR

88,154

Divisional CEO (Aerospace)



 

Following this award, total holding and interests in ordinary share in Carclo plc are:

 

Name

Total holdings of ordinary shares

Percentage of current issued share capital

Total interest in ordinary shares

Phil White

74,278

0.10%

773,556

Rob Stutzman

Nil

Nil

526,474

Alan Hook

82,170

0.11%

176,308

 

This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Phil White

2

Reason for the notification

a) 

Position/status

PDMR (Chief Financial Officer)

b) 

Initial notification/Amendment

This is an initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Carclo plc

b)

LEI

21380078MEM399JPI956

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 the financial instrument, type of instrument

Identification code

Ordinary shares of 5p

 

ISIN:  GB0001751915

b) 

Nature of the transaction

Grant of an award under the Carclo plc 2017 Performance Share Plan as a conditional award of shares.  Subject to continued service, normally vests after 3 years and subject to a further 2 year holding period.

c) 

Price(s) and volume(s)

Price(s)

Volume(s)

 


GBP Nil

386,778

d) 

Aggregated information

-  Aggregated volume

-  Price

 

Aggregated volume:   386,778

 

GBP Nil

e) 

Date of the transaction

2022-08-03

f) 

Place of the transaction

XLON

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Rob Stutzman

2

Reason for the notification

c) 

Position/status

PDMR (Divisional CEO - CTP)

d) 

Initial notification/Amendment

This is an initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Carclo plc

b)

LEI

21380078MEM399JPI956

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.

g) 

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5p

 

ISIN:  GB0001751915

h) 

Nature of the transaction

Grant of an award under the Carclo plc 2017 Performance Share Plan as a conditional award of shares.  Subject to continued service, normally vests after 3 years.

i) 

Price(s) and volume(s)

Price(s)

Volume(s)

 


GBP Nil

175,492

j) 

Aggregated information

-  Aggregated volume

-  Price

 

Aggregated volume:  175,492

 

GBP Nil

k) 

Date of the transaction

2022-08-03

l) 

Place of the transaction

XLON

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Alan Hook

2

Reason for the notification

e) 

Position/status

PDMR (Divisional CEO - Aerospace)

f) 

Initial notification/Amendment

This is an initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Carclo plc

b)

LEI

21380078MEM399JPI956

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.

m)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5p

 

ISIN:  GB0001751915

n) 

Nature of the transaction

Grant of an award under the Carclo plc 2017 Performance Share Plan as a conditional award of shares.  Subject to continued service, normally vests after 3 years.

o) 

Price(s) and volume(s)

Price(s)

Volume(s)

 


GBP Nil

88,154

p) 

Aggregated information

-  Aggregated volume

-  Price

 

Aggregated volume:  88,154

 

GBP Nil

q) 

Date of the transaction

2022-08-03

r) 

Place of the transaction

XLON

 

 

Subject to the rules of the LTIP and the satisfaction of the performance conditions detailed below and continued employment, the earliest vesting date of the award is normally 3 August 2025.

 

The performance measures for these awards are equally weighted between Earnings per Share ("EPS") and Absolute Total Shareholder Return ("TSR") targets, whereby 50% will vest after three years based on TSR performance (share price performance between date of grant (3 August 2022) and vesting date (3 August 2025)) and 50% will vest after three years based on EPS performance (growth in underlying earnings excluding IAS19 pension accounting, exceptional items and discontinued business) over the three year period.

 

 

A Wakes

Company Secretary

01924 268040

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