Vesting of EIP Options

RNS Number : 6107M

Clarke(T.) PLC

30 April 2018

 

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 29^th April 2015 under the TClarke plc Equity Incentive Plan, which vested in full on 29^th April 2018.

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 shares withheld to meet liabilities:	Balance of shares transferred to Director:
Mark Lawrence	90,000	42,300	47,700
Mike Crowder	90,000	42,300	47,700

Formal notifications in respect of the 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 Vesting of conditional share award under the Equity Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) Nil 47,700 d) Aggregated information - Aggregated volume - Price N/A (single transaction) e) Date of the transaction 2018-04-30 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 Vesting of conditional share award under the Equity Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) Nil 47,700 d) Aggregated information - Aggregated volume - Price N/A (single transaction) e) Date of the transaction 2018-04-30 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]

30^th April 2018

 

END

 

 

DSHBXGDSLUXBGIG