REG - Clarke(T.) PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">CTO.L</Origin>

TclarkeAnnouncement

09/05/2017 15:06

RNS Number : 6384E
Clarke(T.) PLC
09 May 2017
TCLARKE PLC
(the "Company")
TCLARKE PLC EQUITY INCENTIVE PLAN - CONDITIONAL GRANT OF SHARES AWARDS
On 8th May 2017, the Directors of the Company were granted conditional share awards over ordinary shares of 10p each in the capital of the Company ("Shares") under the TClarke plc Equity Incentive Plan ("the Plan").
Details of the directors and the number of conditional share awards granted to them under the Plan are as follows:
Director
Number of conditional shares awarded
Mark Lawrence
115,000
Mike Crowder
100,000
Martin Walton 
85,000
No consideration was paid for the grant of the conditional share awards. The conditional share awards will normally vest on 8th May 2020, being the third anniversary of the date of grant, subject to continued employment with the Company and satisfaction of the earnings per share performance condition as set out below:
Annual growth in EPS above RPI*
Proportion of award vesting
Less than 3%
Nil
3%
25%
Between 3% and 10%
Between 25% and 100% on a straight line basis
Above 10%
100%
*Based on the underlying EPS for the year ended 31 December 2016 of 11.60p.
The following conditional share awards granted on 29th April 2014 have lapsed as the minimum performance conditions were not met:
Director
Number of conditional shares lapsed
Mark Lawrence
85,000
Mike Crowder
85,000
Martin Walton 
85,000
Formal notifications in respect of the conditional share awards to the directors are below;
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Lawrence
2
Reason for thenotification
a)
Position/status
Group Chief Executive Officer and Executive Director (PDMR).
b)
Initial notification/Amendment
Initial notification
3
Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneer or auction monitor
a)
Name
TClarke plc
b)
LEI
213800OIP8MU517BK123
4
Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;
(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeen conducted
a)
Description ofthe financialinstrument,type of instrument
Identification code
Ordinary shares of 10 pence each
GB0002015021
b)
Natureofthetransaction
Grant of a conditional share award under the Equity Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
115,000
d)
Aggregated information
- Aggregatedvolume
- Price
N/A (single transaction)
e)
Dateofthetransaction
2017-05-08
f)
Place ofthetransaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mike Crowder
2
Reason for thenotification
a)
Position/status
Group Managing Director and Executive Director (PDMR).
b)
Initial notification/Amendment
Initial notification
3
Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneer or auction monitor
a)
Name
TClarke plc
b)
LEI
213800OIP8MU517BK123
4
Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;
(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeen conducted
a)
Description ofthe financialinstrument,type of instrument
Identification code
Ordinary shares of 10 pence each
GB0002015021
b)
Natureofthetransaction
Grant of a conditional share award under the Equity Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
100,000
d)
Aggregated information
- Aggregatedvolume
- Price
N/A (single transaction)
e)
Dateofthetransaction
2017-05-08
f)
Place ofthetransaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Martin Walton
2
Reason for thenotification
a)
Position/status
Group Finance Director and Executive Director (PDMR).
b)
Initial notification/Amendment
Initial notification
3
Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneer or auction monitor
a)
Name
TClarke plc
b)
LEI
213800OIP8MU517BK123
4
Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;
(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeen conducted
a)
Description ofthe financialinstrument,type of instrument
Identification code
Ordinary shares of 10 pence each
GB0002015021
b)
Natureofthetransaction
Grant of a conditional share award under the Equity Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
85,000
d)
Aggregated information
- Aggregatedvolume
- Price
N/A (single transaction)
e)
Dateofthetransaction
2017-05-08
f)
Place ofthetransaction
Outside a trading venue
For further information contact:
TClarke plc
Mark Lawrence - Group Chief Executive
Martin Walton - Finance Director
David Lanchester - Company Secretary
Tel: 020 7997 7400
www.tclarke.co.uk
N+1 Singer (Financial Adviser and Broker)
Sandy Fraser
Rachel Newton
Tel: 020 7496 3000
www.nplus1singer.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551

9 May 2017

This information is provided by RNS
The company news service from the London Stock Exchange
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