Director/PDMR Shareholding

RNS Number : 5386M

TClarke PLC

11 May 2020

 

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 the following Executive Directors of the Company today received nil cost conditional share awards over ordinary shares of 10p each in Company ("Shares") pursuant to the vesting of awards granted on 8^th May 2017 under the TClarke plc Equity Incentive Plan ("EIP"), which vested in full on 8^th May 2020. The Executive Directors also received dividend equivalent shares on the Shares vesting in accordance with the rules of the EIP.

On the maturity of the awards, the tax and NI liabilities arising were net settled and a portion of the Shares were withheld for each of the recipients. The balance of Shares due to each recipient was then transferred into the recipients' names by the Trustee of the TClarke Employee Share Ownership Trust, as indicated below:

Director:	Number of shares vesting:	Number of dividend equivalent shares	Number of shares withheld to meet liabilities:	Balance of shares transferred to Director:
Mark Lawrence	115,000	10,221	58,854	66,367
Mike Crowder	100,000	8,888	51,178	57,710

Formal notifications in respect of the Executive Directors 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 Vesting of conditional share award and associated dividend equivalent shares under the TClarke plc Equity Incentive Plan c) Price(s ) and volume(s) Price(s) Volume(s) Nil 66,367 d) Aggr e g ate d information - Aggr e g a tedvolume - Price N/A (single transaction) e ) Dateofthetransaction 2020-05-11 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 Vesting of conditional share award and associated dividend equivalent shares under the TClarke plc Equity Incentive Plan c) Price(s ) and volume(s) Price(s) Volume(s) Nil 57,710 d) Aggr e g ate d information - Aggr e g a tedvolume - Price N/A (single transaction) e ) Dateofthetransaction 2020-05-11 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: [phone] www.tclarke.co.uk Cenkos Securities plc (Corporate Broker) Max Hartley (Corporate Finance) Nick Searle (Sales) Tel: [phone] www.cenkos.com RMS Partners Simon Courtenay Tel: [phone]

11^th May 2020

 

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