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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| TClarke Plc | AQSE:CTO.GB | Aquis Stock Exchange | Ordinary Share | GB0002015021 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.51 | 0.31% | 162.51 | 161.00 | 163.00 | 162.65 | 162.00 | 162.00 | 13,872 | 14:53:08 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2022 to May 2024
TIDMCTO
RNS Number : 3212U
TClarke PLC
27 March 2023
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 27(th) March 2023, 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 2021 Long-term Incentive Plan ("the Plan") as follows:
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Executive Director: Number of conditional
shares awarded:
Mark Lawrence 337,843
Mike Crowder 287,934
Trevor Mitchell 253,382
No consideration was paid for the grant of the conditional share awards. The conditional share awards will normally vest on 27(th) March 2026, 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 Proportion of award vesting
CPI*
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 two years ended 31(st) December 2022. Earnings per share calculated by underlying profit before tax divided by weighted average of number of shares in issue during the financial year.
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 150p. The share price at maturity is the 3-month average to 31 December
2025.
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 337,843
----------
--------------------------------- --------------------------------------------
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 2023-03-27
)
--------------------------------- --------------------------------------------
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 287,934
----------
--------------------------------- -----------------------------------------------
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 2023-03-27
)
--------------------------------- -----------------------------------------------
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 253,382
----------
--------------------------------- ----------------------------------------------
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 2023-03-27
)
--------------------------------- ----------------------------------------------
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
27 March 2023
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END
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(END) Dow Jones Newswires
March 27, 2023 05:26 ET (09:26 GMT)
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