REG - Clarke(T.) PLC - ESOT Share Purchase
RNS Number : 8345WClarke(T.) PLC23 April 2019TClarke plc
("the Company")Market purchase of Company shares by the Company's Employee Share Ownership Trust
Further to the three Director/PDMR shareholding announcements made earlier today, the Company announces that Link Trustees (Jersey) Limited, acting as Trustee of the TClarke Employee Share Ownership Trust ("the ESOT") has today purchased 177,094 Ordinary shares of 10p each in the Company ("shares") at 130p per share. This follows the sale by the ESOT of a total of 177,094 shares at 130p per share on behalf of Executive Directors and PDMR's of the Company and other employees to cover their tax and NI liabilities and dealing costs after they received shares pursuant to the vesting of awards granted under the TClarke plc Equity Incentive Plan. A further 441,506 shares were transferred by the ESOT to Executive Directors and PDMR's of the Company and other employees as the balance of their award following the aforementioned sale.
Immediately following the above transactions, the ESOT held 591,608 Ordinary shares of 10p each, representing 1.37% of the Company's issued share capital with voting rights. All shares held by the ESOT will ultimately be used to satisfy share awards and options granted under the Company's various share incentive schemes. The Executive Directors and PDMR's of the Company, together with other employees, are included in the potential beneficiaries of the ESOT and are therefore treated as having an interest in some of these shares and the dealings thereof.
For further information contact:
TClarke plc
Mark Lawrence - Group Chief Executive
Trevor Mitchell - Finance Director
David Lanchester - Company Secretary
Tel: 020 7997 7400
www.tclarke.co.uk
N+1 Singer (Financial Adviser and Broker)
Sandy Fraser
Rachel Hayes
Tel: 020 7496 3000
www.nplus1singer.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
23rd April 2019
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