REG - Carclo plc - Director/PDMR Shareholding

CarcloAnnouncement

04/08/2022 07:15

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RNS Number : 8334U  Carclo plc  04 August 2022

Carclo plc

 

DIRECTOR/PDMR Shareholding

 

Notification and public disclosure of LTIP Awards to Directors/Persons
Discharging Managerial Responsibilities and their Closely Associated Persons

 

Carclo plc confirms that an allocation was granted under the terms of the
Carclo plc 2017 Performance Share Plan to Persons Discharging Managerial
Responsibilities as set out below.  The awards were granted on 3 August 2022
and the ordinary shares will vest at the end of a three-year period depending
on the achievement of performance targets set out in the LTIP, and for Phil
White only, as an executive director, are then subject to a further two-year
holding period.  The awards take the form of nil cost options, being an
option under the LTIP, with a nil exercise price.

 

 Name                        Status    No. of shares subject to allocation

 Phil White                  Director  386,778
 Chief Financial Officer

 Rob Stutzman                PDMR      175,492
 Divisional CEO (CTP)

 Alan Hook                   PDMR      88,154
 Divisional CEO (Aerospace)

 

Following this award, total holding and interests in ordinary share in Carclo
plc are:

 

 Name          Total holdings of ordinary shares  Percentage of current issued share capital  Total interest in ordinary shares
 Phil White    74,278                             0.10%                                       773,556
 Rob Stutzman  Nil                                Nil                                         526,474
 Alan Hook     82,170                             0.11%                                       176,308

 

This announcement and the following disclosures are made in accordance with
Article 19 of the EU Market Abuse Regulation.

 

 

 1         Details of the person discharging managerial responsibilities/person closely
           associated
 (a)       Name                                                         Phil White
 2         Reason for the notification
 a)        Position/status                                              PDMR (Chief Financial Officer)
 b)        Initial notification/Amendment                               This is an initial notification
 3         Details of the issuer, emission allowance market participant, auction
           platform, auctioneer or auction monitor
 a)        Name                                                         Carclo plc
 b)        LEI                                                          21380078MEM399JPI956
 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 5p

           Identification code

                                                                        ISIN:  GB0001751915
 b)        Nature of the transaction                                    Grant of an award under the Carclo plc 2017 Performance Share Plan as a
                                                                        conditional award of shares.  Subject to continued service, normally vests
                                                                        after 3 years and subject to a further 2 year holding period.
 c)        Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                        GBP Nil                                  386,778
 d)        Aggregated information

           -     Aggregated volume                                      Aggregated volume:   386,778

           -     Price

                                                                        GBP Nil
 e)        Date of the transaction                                      2022-08-03
 f)        Place of the transaction                                     XLON

 

 

 1         Details of the person discharging managerial responsibilities/person closely
           associated
 (a)       Name                                                         Rob Stutzman
 2         Reason for the notification
 c)        Position/status                                              PDMR (Divisional CEO - CTP)
 d)        Initial notification/Amendment                               This is an initial notification
 3         Details of the issuer, emission allowance market participant, auction
           platform, auctioneer or auction monitor
 a)        Name                                                         Carclo plc
 b)        LEI                                                          21380078MEM399JPI956
 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.
 g)        Description of the financial instrument, type of instrument  Ordinary shares of 5p

           Identification code

                                                                        ISIN:  GB0001751915
 h)        Nature of the transaction                                    Grant of an award under the Carclo plc 2017 Performance Share Plan as a
                                                                        conditional award of shares.  Subject to continued service, normally vests
                                                                        after 3 years.
 i)        Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                        GBP Nil                                  175,492
 j)        Aggregated information

           -     Aggregated volume                                      Aggregated volume:   175,492

           -     Price

                                                                        GBP Nil
 k)        Date of the transaction                                      2022-08-03
 l)        Place of the transaction                                     XLON

 

 

 1         Details of the person discharging managerial responsibilities/person closely
           associated
 (a)       Name                                                         Alan Hook
 2         Reason for the notification
 e)        Position/status                                              PDMR (Divisional CEO - Aerospace)
 f)        Initial notification/Amendment                               This is an initial notification
 3         Details of the issuer, emission allowance market participant, auction
           platform, auctioneer or auction monitor
 a)        Name                                                         Carclo plc
 b)        LEI                                                          21380078MEM399JPI956
 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.
 m)        Description of the financial instrument, type of instrument  Ordinary shares of 5p

           Identification code

                                                                        ISIN:  GB0001751915
 n)        Nature of the transaction                                    Grant of an award under the Carclo plc 2017 Performance Share Plan as a
                                                                        conditional award of shares.  Subject to continued service, normally vests
                                                                        after 3 years.
 o)        Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                        GBP Nil                                  88,154
 p)        Aggregated information

           -     Aggregated volume                                      Aggregated volume:   88,154

           -     Price

                                                                        GBP Nil
 q)        Date of the transaction                                      2022-08-03
 r)        Place of the transaction                                     XLON

 

 

Subject to the rules of the LTIP and the satisfaction of the performance
conditions detailed below and continued employment, the earliest vesting date
of the award is normally 3 August 2025.

 

The performance measures for these awards are equally weighted between
Earnings per Share ("EPS") and Absolute Total Shareholder Return ("TSR")
targets, whereby 50% will vest after three years based on TSR performance
(share price performance between date of grant (3 August 2022) and vesting
date (3 August 2025)) and 50% will vest after three years based on EPS
performance (growth in underlying earnings excluding IAS19 pension accounting,
exceptional items and discontinued business) over the three year period.

 

 

A Wakes

Company Secretary

01924 268040

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