Director/PDMR Shareholding

RNS Number : 9930B

Clarkson PLC

05 November 2009

 



5 November 2009

CLARKSON PLC 

("the Company")

Director/PDMR Shareholdings

This notification is made in accordance with DTR 3.1.4

On 5 November 2009 the following awards over ordinary shares in the Company were granted under the Clarkson PLC Long Term Incentive Plan (the "Plan") to Persons Discharging Managerial Responsibility ("PDMRs") of the Company:

No consideration was paid for the grant of the award which represents restricted shares due to Mr Case and Mr Woyda in fulfilment of their 2008 bonus as disclosed in the 2008 annual report. 

The vesting of the award is subject to continued employment and will normally vest on the fourth anniversary of grant.

The number of shares to be awarded was established and they were due to be granted on 1 May, at the same time as all higher earning employees. Mr Case and Mr Woyda deferred the grant of their awards to give priority to all other employees who received the 2008 final dividend and 2009 interim dividend. 

Mr Case and Mr Woyda have waived both these dividends.

	Effective Date of Grant	Issue Price	Restricted Shares Issued	Vesting Date
Andi Case	1 May 2009	£5.06	57,233	30 April 2013
Jeff Woyda	1 May 2009	£5.06	18,937	30 April 2013

Following these awards the PDMRs' interest in the Company's share capital is as follows:

	Ordinary Shares	Percentage of Issued Share Capital	Restricted Shares	Percentage of Issued Share Capital	Performance Related Share Awards	Performance Related Options
Andi      Case	485,294	2.56%	267,233	1.41%	85,139	50,000
Jeff Woyda	-	-	18,937	0.10%	79,091	-

The following award over ordinary shares in the Company was granted under the Clarkson PLC Long Term Incentive Plan (the "Plan") to a Person Discharging Managerial Responsibility ("PDMR") of the Company. The shares were allocated in two tranches on 18 September 2009 and 29 May 2009 but the effective date of grant was 1 May 2009.

No consideration was paid for the grant of the award which is structured as an award of restricted shares.

The vesting of the award is subject to continued employment, and will normally vest on the fourth anniversary of grant.

	Effective Date of Grant	Issue Price	Restricted Shares Issued	Vesting Date
Martin Stopford	1 May 2009	£5.06	5,469	30 April 2013

As of the date of this announcement, Mr Stopford's interest in the Company's share capital is as follows:

	Ordinary Shares	Percentage of Issued Share Capital	Restricted Shares	Percentage of Issued Share Capital	Performance Related Share Awards	Performance Related Options
Martin Stopford	13,744	0.07%	5,469	0.03%	71,182	-

For further details contact:

Jeff Woyda

Finance Director

Clarkson PLC

Tel: [phone]

 

END

 

 

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