9 May 2017 15:04
RNS Number : 6384E
Clarke(T.) PLC
09 May 2017
TCLARKE PLC(the "Company")
TCLARKE PLC EQUITY INCENTIVE PLAN - CONDITIONAL GRANT OF SHARES AWARDS
On 8th May 2017, the Directors of the Company were granted conditional share awards over ordinary shares of 10p each in the capital of the Company ("Shares") under the TClarke 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 | 115,000 |
Mike Crowder | 100,000 |
Martin Walton | 85,000 |
No consideration was paid for the grant of the conditional share awards. The conditional share awards will normally vest on 8th May 2020, 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 the underlying EPS for the year ended 31 December 2016 of 11.60p.
The following conditional share awards granted on 29th April 2014 have lapsed as the minimum performance conditions were not met:
Director | Number of conditional shares lapsed |
Mark Lawrence | 85,000 |
Mike Crowder | 85,000 |
Martin Walton | 85,000 |
Formal notifications in respect of the conditional share awards to the 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 | Grant of a conditional share award under the Equity Incentive Plan | c) | Price(s) and volume(s) | Price(s) | Volume(s) | Nil | 115,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | e) | Date of the transaction | 2017-05-08 | 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 | Grant of a conditional share award under the Equity Incentive Plan | c) | Price(s) and volume(s) | Price(s) | Volume(s) | Nil | 100,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | e) | Date of the transaction | 2017-05-08 | f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | a) | Name | Martin Walton | 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 Identification code | Ordinary shares of 10 pence each GB0002015021 | b) | Nature of the transaction | Grant of a conditional share award under the Equity Incentive Plan | c) | Price(s) and volume(s) | Price(s) | Volume(s) | Nil | 85,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | e) | Date of the transaction | 2017-05-08 | f) | Place of the transaction | Outside a trading venue |
For further information contact: TClarke plc Mark Lawrence - Group Chief Executive Martin Walton - Finance Director David Lanchester - Company Secretary Tel: 020 7997 7400 www.tclarke.co.uk N+1 Singer (Financial Adviser and Broker) Sandy Fraser Rachel Newton Tel: 020 7496 3000 www.nplus1singer.com RMS Partners Simon Courtenay Tel: 020 3735 6551 |
|
9 May 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHALMITMBMMBTR
Tclarke (CTO)