REG - TClarke PLC - Director/PDMR Shareholding

TclarkeAnnouncement

11/05/2020 16:05

RNS Number : 5386M
  
TClarke PLC
  
11 May 2020
  
 

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 the following Executive Directors of the Company today received nil cost conditional share awards over ordinary shares of 10p each in Company ("Shares") pursuant to the vesting of awards granted on 8th May 2017 under the TClarke plc Equity Incentive Plan ("EIP"), which vested in full on 8th May 2020. The Executive Directors also received dividend equivalent shares on the Shares vesting in accordance with the rules of the EIP.
On the maturity of the awards, the tax and NI liabilities arising were net settled and a portion of the Shares were withheld for each of the recipients. The balance of Shares due to each recipient was then transferred into the recipients' names by the Trustee of the TClarke Employee Share Ownership Trust, as indicated below:



Director:


Number of shares vesting:


Number of dividend equivalent shares 


Number of shares withheld to meet liabilities:


Balance of shares transferred to Director:




Mark Lawrence


115,000


10,221


58,854


66,367




Mike Crowder


100,000


8,888


51,178


57,710



 



Formal notifications in respect of 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
 
Identification code


Ordinary shares of 10 pence each
 
 
GB0002015021
 
 




b)


Nature of the transaction


Vesting of conditional share award and associated dividend equivalent shares under the TClarke plc Equity Incentive Plan




c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


66,367








 
d)


 
Aggregated information
 
- Aggregated volume
 
- Price


 
N/A (single transaction)




e)


Date of the transaction


2020-05-11
 




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
 
Identification code


Ordinary shares of 10 pence each
 
 
GB0002015021
 
 




b)


Nature of the transaction


Vesting of conditional share award and associated dividend equivalent shares under the TClarke plc Equity Incentive Plan




c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


57,710








 
d)


 
Aggregated information
 
- Aggregated volume
 
- Price


 
N/A (single transaction)




e)


Date of the transaction


2020-05-11
 




f)


Place of the transaction


Outside a trading venue



 
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
 
Cenkos Securities plc (Corporate Broker)
Max Hartley (Corporate Finance)
Nick Searle (Sales)
Tel: 020 7397 8900
www.cenkos.com
 
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
 
 







11th May 2020


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