Director / PDMR Shareholding

RNS Number : 0433X
TClarke PLC
29 April 2021
 

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 28 April 2021, 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:

Executive Director:

Number of conditional shares awarded:

Mark Lawrence

311,152

Mike Crowder

265,427

Trevor Mitchell

231,505

No consideration was paid for the grant of the conditional share awards.  The conditional share awards will normally vest on 28 April 2024, being the third anniversary of the date of grant, and will be subject to continued employment with the Company.

50% of the award will be subject to satisfaction of the earnings per share performance condition as set out below:

Annual growth rate in EPS above RPI*

Proportion of award vesting

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 31st December 2020.

50% of the award is being made to incentivise the achievement of the Company's 3 year ambitious organic growth plan achievement of which would substantially enhance earnings per share. This element of the award will be subject to satisfaction of the earnings per share performance condition as set out below:

Annual growth rate in EPS above RPI*

Proportion of award vesting

Less than 20%

Nil

Between 20% and 30%

Between Nil and 100% on a straight-line basis

Above 30%

100%

 

*Base point from which performance is measured is based on average underlying EPS for the three years ended 31st December 2020.

Formal notifications in respect of the conditional share awards to the Executive D irectors are below;

 

1

Deta ils  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Na me

Mark Lawrence

2

Reaso n for thenotification

a)

Position/status

Group Chief Executive Officer and Executive Director (PDMR).

b)

I nitial notification/Amendment

Initial notification

3

Deta ilsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneer or auction monitor

a)

Na me

TClarke plc

b)

L E I

213800OIP8MU517BK123

4

Deta ilsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;

(ii )eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeen conducted

a)

Descriptio n ofthe financialinstrument,type of instrument

 

I d e ntification code

Ordinary shares of 10 pence each

 

 

GB0002015021

 

 

b)

Natureofthetransaction

Grant of a conditional share award under the Equity Incentive Plan

c)

Price(s ) and volume(s)

 

Price(s)

Volume(s)

Nil

311,152

 

 

d)

 

Aggr e g ate d information

 

- Aggr e g a tedvolume

 

- Price

 

N/A (single transaction)

e )

Dateofthetransaction

2021-04-28

 

f)

Place ofthetransaction

Outside a trading venue

 

 

1

Deta ils  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Na me

Mike Crowder

2

Reaso n for thenotification

a)

Position/status

Group Managing Director and Executive Director (PDMR).

b)

I nitial notification/Amendment

Initial notification

3

Deta ilsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneer or auction monitor

a)

Na me

TClarke plc

b)

L E I

213800OIP8MU517BK123

4

Deta ilsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;

(ii )eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeen conducted

a)

Descriptio n ofthe financialinstrument,type of instrument

 

I d e ntification code

Ordinary shares of 10 pence each

 

 

GB0002015021

 

 

b)

Natureofthetransaction

Grant of a conditional share award under the Equity Incentive Plan

c)

Price(s ) and volume(s)

 

Price(s)

Volume(s)

Nil

265,427

 

 

d)

 

Aggr e g ate d information

 

- Aggr e g a tedvolume

 

- Price

 

N/A (single transaction)

e )

Dateofthetransaction

2021-04-28

 

f)

Place ofthetransaction

Outside a trading venue

 

 

1

Deta ils  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Na me

Trevor Mitchell

2

Reaso n for thenotification

a)

Position/status

Group Finance Director and Executive Director (PDMR).

b)

I nitial notification/Amendment

Initial notification

3

Deta ilsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneer or auction monitor

a)

Na me

TClarke plc

b)

L E I

213800OIP8MU517BK123

4

Deta ilsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;

(ii )eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeen conducted

a)

Descriptio n ofthe financialinstrument,type of instrument

 

I d e ntification code

Ordinary shares of 10 pence each

 

 

GB0002015021

 

 

b)

Natureofthetransaction

Grant of a conditional share award under the Equity Incentive Plan

c)

Price(s ) and volume(s)

 

Price(s)

Volume(s)

Nil

231,505

 

 

d)

 

Aggr e g ate d information

 

- Aggr e g a tedvolume

 

- Price

 

N/A (single transaction)

e )

Dateofthetransaction

2021-04-28

 

f)

Place ofthetransaction

Outside a trading venue

 

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

 

Cenkos Securities plc (Corporate Broker)

Max Hartley (Corporate Finance)

Nick Searle (Sales)

Tel: 020 7397 8900

www.cenkos.com

 

RMS Partners

Simon Courtenay

Tel: 020 3735 6551

 

 

 

29th April 2021

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