TClarke PLC Director/PDMR Shareholding (9562E)
March 16 2022 - 4:27AM
UK Regulatory
TIDMCTO
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 D irectors
are below; 1 Deta ils of the person discharging m anagerial responsibilities
/ person closely associated
a) Na me Mark Lawrence
--------------------------------- --------------------------------------------
2 Reaso n for the notification
-------------------------------------------------------------------------------
a) Position/status Group Chief Executive Officer and Executive
Director (PDMR).
--------------------------------- --------------------------------------------
b) I nitial notification/Amendment Initial notification
--------------------------------- --------------------------------------------
3 Deta ils of the issuer, e mission allow ance m a rket participant,
auct ion plat for m, auctioneer or auc tion monitor
-------------------------------------------------------------------------------
a) Na me TClarke plc
--------------------------------- --------------------------------------------
b) L E I 213800OIP8MU517BK123
--------------------------------- --------------------------------------------
4 Deta ils of the t ransact ion(s): section to be re p eated
for ( i) e a ch type of instrum ent;
(ii ) each type of transa c tion; (iii) each date; a nd
(iv) each place where transactions have been conducted
-------------------------------------------------------------------------------
a) Descriptio n of the Ordinary shares of 10 pence each
financial instrument,
t ype of instrument
GB0002015021
I d e ntification
code
--------------------------------- --------------------------------------------
b) Nature of the transaction Grant of a conditional share award under
the Long-term Incentive Plan
--------------------------------- --------------------------------------------
c) Price(s ) and volum Price(s) Volume(s)
e (s) Nil 301,370
----------
--------------------------------- --------------------------------------------
d) Aggr e g ate d i n N/A (single transaction)
formation
- Aggr e g a ted volume
* Price
--------------------------------- --------------------------------------------
e Date of the transaction 2022-03-16
)
--------------------------------- --------------------------------------------
f) Place of the tr ansaction Outside a trading venue
--------------------------------- --------------------------------------------
1 Deta ils of the person discharging m anagerial responsibilities
/ person closely associated
a) Na me Mike Crowder
--------------------------------- -----------------------------------------------
2 Reaso n for the notification
----------------------------------------------------------------------------------
a) Position/status Group Managing Director and Executive Director
(PDMR).
--------------------------------- -----------------------------------------------
b) I nitial notification/Amendment Initial notification
--------------------------------- -----------------------------------------------
3 Deta ils of the issuer, e mission allow ance m a rket participant,
auct ion plat for m, auctioneer or auc tion monitor
----------------------------------------------------------------------------------
a) Na me TClarke plc
--------------------------------- -----------------------------------------------
b) L E I 213800OIP8MU517BK123
--------------------------------- -----------------------------------------------
4 Deta ils of the t ransact ion(s): section to be re p eated
for ( i) e a ch type of instrum ent;
(ii ) each type of transa c tion; (iii) each date; a nd
(iv) each place where transactions have been conducted
----------------------------------------------------------------------------------
a) Descriptio n of the Ordinary shares of 10 pence each
financial instrument,
t ype of instrument
GB0002015021
I d e ntification
code
--------------------------------- -----------------------------------------------
b) Nature of the transaction Grant of a conditional share award under
the Long-term Incentive Plan
--------------------------------- -----------------------------------------------
c) Price(s ) and volum Price(s) Volume(s)
e (s) Nil 256,849
----------
--------------------------------- -----------------------------------------------
d) Aggr e g ate d i n N/A (single transaction)
formation
- Aggr e g a ted volume
* Price
--------------------------------- -----------------------------------------------
e Date of the transaction 2022-03-16
)
--------------------------------- -----------------------------------------------
f) Place of the tr ansaction Outside a trading venue
--------------------------------- -----------------------------------------------
1 Deta ils of the person discharging m anagerial responsibilities
/ person closely associated
a) Na me Trevor Mitchell
--------------------------------- ----------------------------------------------
2 Reaso n for the notification
---------------------------------------------------------------------------------
a) Position/status Group Finance Director and Executive Director
(PDMR).
--------------------------------- ----------------------------------------------
b) I nitial notification/Amendment Initial notification
--------------------------------- ----------------------------------------------
3 Deta ils of the issuer, e mission allow ance m a rket participant,
auct ion plat for m, auctioneer or auc tion monitor
---------------------------------------------------------------------------------
a) Na me TClarke plc
--------------------------------- ----------------------------------------------
b) L E I 213800OIP8MU517BK123
--------------------------------- ----------------------------------------------
4 Deta ils of the t ransact ion(s): section to be re p eated
for ( i) e a ch type of instrum ent;
(ii ) each type of transa c tion; (iii) each date; a nd
(iv) each place where transactions have been conducted
---------------------------------------------------------------------------------
a) Descriptio n of the Ordinary shares of 10 pence each
financial instrument,
t ype of instrument
GB0002015021
I d e ntification
code
--------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a conditional share award under
the Long-term Incentive Plan
--------------------------------- ----------------------------------------------
c) Price(s ) and volum Price(s) Volume(s)
e (s) Nil 226,027
----------
--------------------------------- ----------------------------------------------
d) Aggr e g ate d i n N/A (single transaction)
formation
- Aggr e g a ted volume
* Price
--------------------------------- ----------------------------------------------
e Date of the transaction 2022-03-16
)
--------------------------------- ----------------------------------------------
f) Place of the tr ansaction 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
Cenkos Securities plc (Corporate Broker)
Ben Jeynes (Corporate Finance)
Alex Pollen (Sales)
Tel: 020 7397 8900
www.cenkos.com
RMS Partners
Simon Courtenay
Tel: 020 3735 551
16 March 2022
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