11 May 2020 16:01
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 |
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11th May 2020
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