Director/PDMR Shareholding

RNS Number : 0655W

Clarkson PLC

20 April 2021

 

CLARKSON PLC

("the Company")

20 April 2021

Director/PDMR Shareholdings

This notification is made in accordance with the UK Market Abuse Regulation.

Vesting of Deferred Share Awards

The Company announces that, on 19 April 2021, the Deferred Share Awards granted on 18 April 2017 under the Clarkson PLC 2014 Long Term Incentive Plan vested following the end of a four-year deferral period. The following Executive Directors acquired ordinary shares of 25p each in the Company in connection with the vesting and sold part of their acquired shares to fund tax liabilities arising from the vesting.

Director	Ordinary shares acquired on vesting	Shares sold at £28.45 per ordinary share to cover tax liabilities	Ordinary shares retained from vesting
Mr Andi Case	10,618	4,992	5,626
Mr Jeff Woyda	2,288	1,077	1,211

Following the above transactions, which are detailed in the attached PDMR Notification Dealing Forms, the Directors' interests in the Company's share capital is as follows:

Director	Ordinary shares	% of issued share capital	Restricted shares	% of issued share capital	Performance-related options*	SAYE options	% of issued share capital
Mr Andi Case	520,084	1.71%	37,084	0.12%	122,797	-	0.40%
Mr Jeff Woyda	81,813	0.27%	9,524	0.03%	76,102	813	0.25%

* Includes the vesting outcome of the award granted on 14 May 2018, which formally vests on 14 May 2021. This was based on performance over a three-year period to 31 December 2020, the outcome of which has already been measured and disclosed in the 2020 annual report.

Company enquiries:

Deborah Abrehart

Company Secretary

Tel: [phone]

Camarco:

Billy Clegg

Jennifer Renwick

Tel: [phone] / 4994

About Clarkson PLC

Clarkson PLC is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.

Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors. Clarksons continues to drive innovation across its business, developing digital solutions which underpin the Group's unrivalled expertise and knowledge with leading technology.

The Group employs over 1,600 people in 53 different offices across its four divisions and is number one or two in all its market segments.

The Company has delivered 18 years of consecutive dividend growth. The highly cash-generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on the upturn in its markets.

Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.

For more information, visit www.clarksons.com

PDMR DEALING NOTIFICATION TEMPLATE
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andi Leigh Case
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Clarkson PLC
b)	Legal Entity Identifier	2138007G6BGTEHI3OT22
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	Ordinary shares of 25p each in Clarkson PLC
	Identification code	GB0002018363
b)	Nature of the transaction	Vesting of Deferred Share Award (granted as restricted shares) under the Clarkson PLC 2014 Long Term Incentive Plan. Number of shares vested: 10,618  Sold to cover tax: 4,992  Retained: 5,626
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£28.45	4,992
d)	Aggregated information	Not applicable - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	19 April 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jeffrey David Woyda
2	Reason for the notification
a)	Position/status	Chief Financial Officer & Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Clarkson PLC
b)	Legal Entity Identifier	2138007G6BGTEHI3OT22
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	Ordinary shares of 25p each in Clarkson PLC
	Identification code	GB0002018363
b)	Nature of the transaction	Vesting of Deferred Share Award (granted as restricted shares) under the Clarkson PLC 2014 Long Term Incentive Plan.  Number of shares vested: 2,288   Sold to cover tax: 1,077  Retained: 1,211
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£28.45	1,077
d)	Aggregated information	Not applicable - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	19 April 2021
f)	Place of the transaction	Outside a trading venue

 

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