Director/PDMR Shareholding

RNS Number : 9977W

Clarke(T.) PLC

24 April 2019

 

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 24^th April 2019, 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	119,344
Mike Crowder	101,825
Trevor Mitchell	88,783

No consideration was paid for the grant of the conditional share awards.  The conditional share awards will normally vest on 24^th April 2022, 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 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 31^st December 2018.

Formal notifications in respect of the conditional share awards to the Executive 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 the financial instrument, type of instrument Identification code Ordinary shares of 10 pence each GB0002015021 b) Nature of the transaction Grant of a conditional share award under the Equity Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) Nil 119,344 d) Aggregated information - Aggregated volume - Price N/A (single transaction) e) Date of the transaction 2019-04-24 f) Place of the transaction Outside a trading venue 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 the financial instrument, type of instrument Identification code Ordinary shares of 10 pence each GB0002015021 b) Nature of the transaction Grant of a conditional share award under the Equity Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) Nil 101,825 d) Aggregated information - Aggregated volume - Price N/A (single transaction) e) Date of the transaction 2019-04-24 f) Place of the transaction Outside a trading venue 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 the financial instrument, type of instrument Identification code Ordinary shares of 10 pence each GB0002015021 b) Nature of the transaction Grant of a conditional share award under the Equity Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) Nil 88,783 d) Aggregated information - Aggregated volume - Price N/A (single transaction) e) Date of the transaction 2019-04-24 f) Place of the transaction Outside a trading venue For further information contact: TClarke plc Mark Lawrence - Group Chief Executive Trevor Mitchell - Finance Director David Lanchester - Company Secretary Tel: [phone] www.tclarke.co.uk N+1 Singer (Financial Adviser and Broker) Sandy Fraser Rachel Hayes Tel: [phone] www.nplus1singer.com RMS Partners Simon Courtenay Tel: [phone]

24^th April 2019

 

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