REG - Carclo plc - Director/PDMR Shareholding
22/09/2023 07:00
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RNS Number : 2442N Carclo plc 22 September 2023
22 September 2023
Carclo plc
Director/PDMR Shareholding
Notification and public disclosure of transactions by Persons Discharging
Managerial Responsibilities ("PDMRs") and persons closely associated with them
Carclo plc confirms that, on 21 September 2023, conditional awards over Carclo
plc ordinary shares were granted under the terms of the Carclo plc Performance
Share Plan 2017 to certain PDMRs as set out below. The awards will vest at the
end of a three-year period, subject to continued employment and the
achievement of performance conditions. The awards granted to executive
directors are subject to a further two-year post-vesting holding period.
The performance conditions for these awards are equally weighted between
Absolute Total Shareholder Return ("TSR") and Earnings per Share ("EPS")
targets.
The earliest vesting date of the award is normally 21 September 2026.
Name Status No. of shares granted
Frank Doorenbosch, Chief Executive Officer Executive director 1,250,000
Eric Hutchinson, Chief Financial Officer Executive director 750,000
Gary Allan, VP of Global Operational Strategy and Excellence PDMR 200,000
Alan Hook, Divisional CEO - Aerospace PDMR 200,000
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 Frank Doorenbosch
2 Reason for the notification
a) Position/status PDMR (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 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 a conditional award of shares under the Carclo plc Performance Share
Plan 2017. Subject to continued service and the extent to which the applicable
performance conditions are satisfied, normally vests after 3 years and is
subject to a further 2 year holding period.
c) Price(s) and volume(s) Price(s) Volume(s)
GBP Nil 1,250,000
d) Aggregated information
- Aggregated volume Aggregated volume: 1,250,000
- Price
Aggregated price: GBP Nil
e) Date of the transaction 2023-09-21
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Eric Hutchinson
2 Reason for the notification
a) Position/status PDMR (Chief Financial Officer)
b) Initial notification/Amendment 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 a conditional award of shares under the Carclo plc Performance Share
Plan 2017. Subject to continued service and the extent to which the applicable
performance conditions are satisfied, normally vests after 3 years and is
subject to a further 2 year holding period.
c) Price(s) and volume(s) Price(s) Volume(s)
GBP Nil 750,000
d) Aggregated information
- Aggregated volume Aggregated volume: 750,000
- Price
Aggregated price: GBP Nil
e) Date of the transaction 2023-09-21
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Gary Allan
2 Reason for the notification
a) Position/status PDMR (VP of Global Operational Strategy and Excellence)
b) Initial notification/Amendment 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 a conditional award of shares under the Carclo plc Performance Share
Plan 2017. Subject to continued service and the extent to which the applicable
performance conditions are satisfied, normally vests after 3 years.
c) Price(s) and volume(s) Price(s) Volume(s)
GBP Nil 200,000
d) Aggregated information
- Aggregated volume Aggregated volume: 200,000
- Price
Aggregated price: GBP Nil
e) Date of the transaction 2023-09-21
f) 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
c) Position/status PDMR (Divisional CEO - Aerospace)
d) Initial notification/Amendment 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 a conditional award of shares under the Carclo plc Performance Share
Plan 2017. Subject to continued service and the extent to which the applicable
performance conditions are satisfied, normally vests after 3 years.
i) Price(s) and volume(s) Price(s) Volume(s)
GBP Nil 200,000
j) Aggregated information
- Aggregated volume Aggregated volume: 200,000
- Price
Aggregated price: GBP Nil
k) Date of the transaction 2023-09-21
l) Place of the transaction XLON
Eric Hutchinson
Company Secretary
+44 (0)1924 268040
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