REG - Clarke(T.) PLC - Grant of Shares <Origin Href="QuoteRef">CTO.L</Origin>

TclarkeAnnouncement

15/07/2015 15:28

RNS Number : 7760L
Clarke(T.) PLC
29 April 2015
T.CLARKE PLC EQUITY INCENTIVE PLAN - CONDITIONAL GRANT OF SHARES 
On 29th April 2015, directors of the Company were granted conditional share awards over ordinary shares of 10p each in the capital of the Company ('shares') under the T.Clarke 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
90,000
Mike Crowder
90,000
Martin Walton
90,000
Danny Robson
90,000
No consideration was paid for the grant of the conditional share awards. The conditional share awards will normally vest on 29th April 2018, 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 average underlying EPS for the three years ended 31 December 2014
The following conditional share awards and options granted on 1 May 2012 ('the 2012 awards') have lapsed as the minimum performance conditions were not met:
Director
Number of conditional shares lapsed
Number of options 
lapsed
Mark Lawrence
115,000
59,000
Mike Crowder
115,000
59,000
Martin Walton
115,000
59,000
Following the grant of the conditional share awards and the lapse of the 2012 awards these directors hold the following interests in the issued share capital of the Company.
Director
Beneficial interest in the shares of the Company
% of the issued share capital of the Company
Total number of conditional share awards held
Total number of options
Mark Lawrence
26,750
0.06%
290,000
73,523
Mike Crowder
18,750
0.04%
290,000
73,523
Martin Walton
16,750
0.04%
290,000
73,523
Danny Robson
1,451,906
3.47%
90,000
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For further information contact:
TClarke plc
Mark Lawrence
Martin Walton
Group Chief Executive
Finance Director
Tel: 020 7997 7400 
Tel: 020 7997 7400
www.tclarke.co.uk

N+1 Singer (Financial Adviser and Broker)
Broker Profile
Sandy Fraser
Simon Courtenay
Tel: 020 7496 3000
Tel: 020 7448 3244 
www.n1singer.com
www.broker-profile.com

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