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

 

END

 

 

DSHBUGDISSGDGDX