REG - Clarkson PLC - Director/PDMR Shareholding
21/04/2023 15:30
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RNS Number : 1091X Clarkson PLC 21 April 2023
CLARKSON PLC
("the Company")
21 April 2023
Director/PDMR Shareholdings
The Company makes the following notifications in accordance with the UK Market
Abuse Regulation.
Vesting of Deferred Share Awards
The Company announces that, on 18 April 2023, the Deferred Share Awards
granted on 18 April 2019 under the Clarkson PLC 2014 Long Term Incentive Plan
(the '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 £30.85 per ordinary share to cover tax liabilities Ordinary shares retained from vesting
Mr Andi Case 8,951 4,207 4,744
Mr Jeff Woyda 2,314 1,088 1,226
Grant of Deferred Share Awards
On 20 April 2023, in fulfilment of the 10% deferred element of the 2022 bonus,
as disclosed in the 2022 Annual Report, the following Deferred Share Awards
over ordinary shares of 25p each in the Company were granted under the Plan to
Executive Directors of the Company.
The vesting of these awards is subject to continued employment and they will
normally vest on 20 April 2027.
Director Number of shares under award Form of award
Mr Andi Case 27,305 Restricted shares
Mr Jeff Woyda 7,061 Restricted shares
Grant of Performance Awards
Also on 20 April 2023, the following Performance Awards over ordinary shares
of 25p each in the Company were granted under the Plan, as disclosed in the
2022 Annual Report.
Vesting of these awards is subject to the fulfilment of certain performance
conditions over a three-year period and continued employment, followed by a
two-year holding period.
Director Number of shares under award Form of award
Mr Andi Case 26,829 Nil-cost option
Mr Jeff Woyda 17,073 Nil-cost option
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 561,217 1.83% 59,005 0.19% 113,313 - 0.37%
Mr Jeff Woyda 103,959 0.34% 15,258 0.05% 72,107 572 0.24%
Company enquiries:
Deborah Abrehart
Company Secretary
Tel: +44(0)20 7334 3185
Camarco:
Billy Clegg
Jennifer Renwick
Tel: +44(0)20 3757 4983 / 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 1,800 people in 56 different offices across its four
divisions and is number one or two in all its market segments.
The Company has delivered 20 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 opportunities 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: 8,951 Sold to cover tax:
4,207 Retained: 4,744
c) Price(s) and volume(s) Price(s) Volume(s)
£30.85 4,207
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 18 April 2023
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: 2,314 Sold to cover tax:
1,088 Retained: 1,226
c) Price(s) and volume(s) Price(s) Volume(s)
£30.85 1,088
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 18 April 2023
f) Place of the transaction Outside a trading venue
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 Grant of Deferred Share Award (restricted shares) under the Clarkson PLC 2014
Long Term Incentive Plan in respect of deferred bonus.
c) Price(s) and volume(s) Price(s) Volume(s)
£30.75 27,305
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 April 2023
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 Grant of Deferred Share Award (restricted shares) under the Clarkson PLC 2014
Long Term Incentive Plan in respect of deferred bonus.
c) Price(s) and volume(s) Price(s) Volume(s)
£30.75 7,061
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 April 2023
f) Place of the transaction Outside a trading venue
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 Grant of Performance Award (in the form of a nil-cost option) under the
Clarkson PLC 2014 Long Term Incentive Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
£30.75 26,829
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 April 2023
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 Grant of Performance Award (in the form of a nil-cost option) under the
Clarkson PLC 2014 Long Term Incentive Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
£30.75 17,073
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 April 2023
f) Place of the transaction Outside a trading venue
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