REG - TClarke PLC - Director/PDMR Shareholding

TclarkeAnnouncement

16/03/2022 08:30

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RNS Number : 9562E  TClarke PLC  16 March 2022

TClarke plc

("the Company")

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

The Company announces that on 16 March 2022, the following Executive Directors
of the Company were granted nil cost conditional share awards over ordinary
shares of 10p each in Company ("Shares") pursuant to the TClarke Long-term
Incentive Plan ("the Plan") as follows:

 Executive Director:  Number of conditional shares awarded:
 Mark Lawrence        301,370
 Mike Crowder         256,849
 Trevor Mitchell      226,027

No consideration was paid for the grant of the conditional share awards.  The
conditional share awards will normally vest on 16 March 2025, being the third
anniversary of the date of grant, and will be subject to continued employment
with the Company.

50% of the award will be subject to satisfaction of the earnings per share
performance condition as set out below:

 Annual growth in EPS above CPI*  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%

*Base point from which performance is measured is based on average underlying
EPS for the three years ended 31(st) December 2021.

50% of the award is being made to incentivise the achievement of the Company's
3 year ambitious organic growth plan, achievement of which would substantially
enhance earnings per share. This element of the award will be subject to
satisfaction of the Total Shareholder Return (TSR) performance condition as
set out below:

 TSR*                 Proportion of award vesting
 Less than 35%        Nil
 35%                  25%
 Between 35% and 50%  Between 25% and 100% on a straight-line basis
 Above 50%            100%

 

 * Base point share price is the 3-month average to 31 December 2021. The share
 price at maturity is the 3-month average to 31 December 2024.

 Formal notifications in respect of the conditional share awards to the
 Executive Directors are below;

1  Details  of  the  person  discharging  managerial  responsibilities  /
     person  closely associated
 a)   Name                                                         Mark Lawrence
 2  Reason for the notification
 a)   Position/status                                              Group Chief Executive Officer and Executive Director (PDMR).
 b)   Initial notification/Amendment                               Initial notification
 3  Details of the issuer, emission allowance market participant, auction
    platform, auctioneer or auction monitor
 a)   Name                                                         TClarke plc
 b)   LEI                                                          213800OIP8MU517BK123
 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 10 pence each

    Identification code

                                  GB0002015021

 b)   Nature of the transaction                                    Grant of a conditional share award under the Long-term Incentive Plan
 c)   Price(s) and volume(s)

 Price(s)  Volume(s)
                                  Nil       301,370

 d)   Aggregated information                                       N/A (single transaction)

 - Aggregated volume

    - Price
 e)   Date of the transaction                                      2022-03-16

 f)   Place of the transaction                                     Outside a trading venue

 d)

 Aggregated information

- Aggregated volume

 

 - Price

 N/A (single transaction)

 e)

 Date of the transaction

 2022-03-16

 f)

 Place of the transaction

 Outside a trading venue

 

1  Details  of  the  person  discharging  managerial  responsibilities  /
     person  closely associated
 a)   Name                                                         Mike Crowder
 2  Reason for the notification
 a)   Position/status                                              Group Managing Director and Executive Director (PDMR).
 b)   Initial notification/Amendment                               Initial notification
 3  Details of the issuer, emission allowance market participant, auction
    platform, auctioneer or auction monitor
 a)   Name                                                         TClarke plc
 b)   LEI                                                          213800OIP8MU517BK123
 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 10 pence each

    Identification code

                                  GB0002015021

 b)   Nature of the transaction                                    Grant of a conditional share award under the Long-term Incentive Plan
 c)   Price(s) and volume(s)

 Price(s)  Volume(s)
                                  Nil       256,849

 d)   Aggregated information                                       N/A (single transaction)

 - Aggregated volume

    - Price
 e)   Date of the transaction                                      2022-03-16

 f)   Place of the transaction                                     Outside a trading venue

 d)

 Aggregated information

- Aggregated volume

 

 - Price

 N/A (single transaction)

 e)

 Date of the transaction

 2022-03-16

 f)

 Place of the transaction

 Outside a trading venue

 

1  Details  of  the  person  discharging  managerial  responsibilities  /
     person  closely associated
 a)   Name                                                         Trevor Mitchell
 2  Reason for the notification
 a)   Position/status                                              Group Finance Director and Executive Director (PDMR).
 b)   Initial notification/Amendment                               Initial notification
 3  Details of the issuer, emission allowance market participant, auction
    platform, auctioneer or auction monitor
 a)   Name                                                         TClarke plc
 b)   LEI                                                          213800OIP8MU517BK123
 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 10 pence each

    Identification code

                                  GB0002015021

 b)   Nature of the transaction                                    Grant of a conditional share award under the Long-term Incentive Plan
 c)   Price(s) and volume(s)

 Price(s)  Volume(s)
                                  Nil       226,027

 d)   Aggregated information                                       N/A (single transaction)

 - Aggregated volume

    - Price
 e)   Date of the transaction                                      2022-03-16

 f)   Place of the transaction                                     Outside a trading venue

 d)

 Aggregated information

- Aggregated volume

 

 - Price

 N/A (single transaction)

 e)

 Date of the transaction

 2022-03-16

 f)

 Place of the transaction

 Outside a trading venue

 

 For further information contact:

 TClarke plc

 Mark Lawrence Group Chief Executive

 Trevor Mitchell Finance Director

 Tel: 020 7997 7400

  www.tclarke.co.uk (http://www.tclarke.co.uk/)

 Cenkos Securities plc (Corporate Broker)

 Ben Jeynes (Corporate Finance)

 Alex Pollen (Sales)

 Tel: 020 7397 8900

  www.cenkos.com (http://www.cenkos.com/)

 RMS Partners

 Simon Courtenay

 Tel: 020 3735 551

 16 March 2022

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A (single transaction)

e)

Date of the transaction

2022-03-16

 

f)

Place of the transaction

Outside a trading venue

 

 

 1    Details  of  the  person  discharging  managerial  responsibilities  /
       person  closely associated
 a)   Name                                                         Mike Crowder
 2    Reason for the notification
 a)   Position/status                                              Group Managing Director and Executive Director (PDMR).
 b)   Initial notification/Amendment                               Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         TClarke plc
 b)   LEI                                                          213800OIP8MU517BK123
 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 10 pence each

      Identification code

                                                                   GB0002015021

 b)   Nature of the transaction                                    Grant of a conditional share award under the Long-term Incentive Plan
 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   Nil       256,849

 d)   Aggregated information                                       N/A (single transaction)

- Aggregated volume

 

      - Price
 e)   Date of the transaction                                      2022-03-16

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A (single transaction)

e)

Date of the transaction

2022-03-16

 

f)

Place of the transaction

Outside a trading venue

 

 

 1    Details  of  the  person  discharging  managerial  responsibilities  /
       person  closely associated
 a)   Name                                                         Trevor Mitchell
 2    Reason for the notification
 a)   Position/status                                              Group Finance Director and Executive Director (PDMR).
 b)   Initial notification/Amendment                               Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         TClarke plc
 b)   LEI                                                          213800OIP8MU517BK123
 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 10 pence each

      Identification code

                                                                   GB0002015021

 b)   Nature of the transaction                                    Grant of a conditional share award under the Long-term Incentive Plan
 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   Nil       226,027

 d)   Aggregated information                                       N/A (single transaction)

- Aggregated volume

 

      - Price
 e)   Date of the transaction                                      2022-03-16

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A (single transaction)

e)

Date of the transaction

2022-03-16

 

f)

Place of the transaction

Outside a trading venue

 

For further information contact:

TClarke plc

Mark Lawrence Group Chief Executive

Trevor Mitchell Finance Director

Tel: 020 7997 7400

 www.tclarke.co.uk (http://www.tclarke.co.uk/)

 

Cenkos Securities plc (Corporate Broker)

Ben Jeynes (Corporate Finance)

Alex Pollen (Sales)

Tel: 020 7397 8900

 www.cenkos.com (http://www.cenkos.com/)

 

RMS Partners

Simon Courtenay

Tel: 020 3735 551

 

16 March 2022

 

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