23 Apr 2019 13:53
RNS Number : 8316W
Clarke(T.) PLC
23 April 2019
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 exercised options over ordinary shares of 10p each in Company ("shares") at 88.5p per share pursuant to the vesting of awards granted on 20th April 2016 under the TClarke plc Equity Incentive Plan, which vested in full on 20th April 2019.
Following the exercise of options, each Director requested that the Trustee of the TClarke Employee Share Ownership Trust ("the Trustee") sell sufficient shares to cover their tax and NI liabilities and dealing costs and requested that the Trustees transfer the balance of shares into their name, as indicated below:
Director: | Number of shares vesting: | Number of shares sold: | Number of shares retained: |
Mark Lawrence | 30,000 | 9,628 | 20,372 |
Mike Crowder | 30,000 | 9,628 | 20,372 |
The shares were sold today at 130p per share.
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 | Exercise of share option under the TClarke plc Equity Incentive Plan | c) | Price(s) and volume(s) | Price(s) | Volume(s) | £0.885 | 30,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | e) | Date of the transaction | 2019-04-23 | 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 | Exercise of share option under the TClarke plc Equity Incentive Plan | c) | Price(s) and volume(s) | Price(s) | Volume(s) | £0.885 | 30,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | e) | Date of the transaction | 2019-04-23 | f) | Place of the transaction | Outside a trading venue |
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 | Sale of shares following exercise of a share option under the TClarke plc Equity Incentive Plan | c) | Price(s) and volume(s) | Price(s) | Volume(s) | £1.30 | 9,628 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | e) | Date of the transaction | 2019-04-23 | f) | Place of the transaction | XLON - London Stock Exchange |
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 | Sale of shares following exercise of a share option under the TClarke plc Equity Incentive Plan | c) | Price(s) and volume(s) | Price(s) | Volume(s) | £1.30 | 9,628 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | e) | Date of the transaction | 2019-04-23 | f) | Place of the transaction | XLON - London Stock Exchange |
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 N+1 Singer (Financial Adviser and Broker) Sandy Fraser Rachel Hayes Tel: 020 7496 3000 www.nplus1singer.com RMS Partners Simon Courtenay Tel: 020 3735 6551 |
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23rd April 2019
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Tclarke (CTO)