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CLG Clipper Logistics Plc

837.00
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Clipper Logistics Plc LSE:CLG London Ordinary Share GB00BMMV6B79 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 837.00 834.00 836.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Clipper Logistics plc Grant of share awards and options (3044N)

16/01/2019 4:23pm

UK Regulatory


Clipper Logistics (LSE:CLG)
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TIDMCLG

RNS Number : 3044N

Clipper Logistics plc

16 January 2019

Clipper Logistics plc

("Clipper" or the "Company")

Grant of share awards and options

Clipper Logistics plc announces that the following share awards were made on 16 January 2019 under the Company's Performance Share Plan:

Conditional awards of nil-cost options over a total of 671,645 Ordinary Shares of 0.05 pence each ("shares") were granted to 13 employees, pursuant to the Company's Performance Share Plan. ("PSP"). Any vesting of the awards is subject to performance conditions relating to growth in adjusted diluted earnings per share, and the overall performance of Clipper. The period during which the awards will be exercisable is 16/01/2022 - 16/01/2029, with the exception of the options granted to the three Executive Directors (Steven Parkin, Antony Mannix and David Hodkin) whose options are subject to a two year holding period, and as such will be exercisable during the period 16/01/2024 - 16/01/2029.

Included in the 13 employees, the below PDMRs (Person Discharging Managerial Responsibilities) received conditional awards:

 
 Name                Title                 Number of Ordinary  Total number of Ordinary 
                                            Shares granted      Shares over which 
                                                                options held following 
                                                                notification(1) 
 Steven Parkin       Executive Chairman         173,499                602,535 
                    --------------------  -------------------  ------------------------ 
 Antony Mannix       CEO                        116,489                368,372 
                    --------------------  -------------------  ------------------------ 
 David Hodkin        CFO                         92,009                292,761 
                    --------------------  -------------------  ------------------------ 
 Roger Peel          Managing Director           24,827                 56,992 
                    --------------------  -------------------  ------------------------ 
 Richard Costello    Managing Director           29,999                 29,999 
                    --------------------  -------------------  ------------------------ 
 

1. As disclosed in the Company's interim results to 31 October 2018, published on 6 December 2018, the Remuneration Committee concluded that none of the PSP awards due to vest on 14 January 2019 would vest. The Remuneration Committee also concluded that none of the PSP awards due to vest on 29 March 2019 will vest. The final column of the table above reflects the non-vesting of these awards.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                 Steven Parkin 
     -------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status      Executive Chairman 
     -------------------  -------------------------------------------------- 
 b)   Initial              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                 Clipper Logistics plc 
     -------------------  -------------------------------------------------- 
 b)   LEI                  213800H9ZTUCXHVD1E79 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         173,499 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated            N/A - single transaction 
       information 
       Aggregated 
       volume 
       Price 
     -------------------  -------------------------------------------------- 
 e)   Date of               16 January 2019 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of              Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                 Antony Mannix 
     -------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status      CEO 
     -------------------  -------------------------------------------------- 
 b)   Initial              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                 Clipper Logistics plc 
     -------------------  -------------------------------------------------- 
 b)   LEI                  213800H9ZTUCXHVD1E79 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         116,489 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated            N/A - single transaction 
       information 
       Aggregated 
       volume 
       Price 
     -------------------  -------------------------------------------------- 
 e)   Date of               16 January 2019 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of              Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                 David Hodkin 
     -------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status      CFO 
     -------------------  -------------------------------------------------- 
 b)   Initial              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                 Clipper Logistics plc 
     -------------------  -------------------------------------------------- 
 b)   LEI                  213800H9ZTUCXHVD1E79 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         92,009 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated            N/A - single transaction 
       information 
       Aggregated 
       volume 
       Price 
     -------------------  -------------------------------------------------- 
 e)   Date of               16 January 2019 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of              Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                 Roger Peel 
     -------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status      Subsidiary Managing Director 
     -------------------  -------------------------------------------------- 
 b)   Initial              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                 Clipper Logistics plc 
     -------------------  -------------------------------------------------- 
 b)   LEI                  213800H9ZTUCXHVD1E79 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         24,827 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated            N/A - single transaction 
       information 
       Aggregated 
       volume 
       Price 
     -------------------  -------------------------------------------------- 
 e)   Date of               16 January 2019 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of              Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                 Richard Costello 
     -------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status      Subsidiary Managing Director 
     -------------------  -------------------------------------------------- 
 b)   Initial              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                 Clipper Logistics plc 
     -------------------  -------------------------------------------------- 
 b)   LEI                  213800H9ZTUCXHVD1E79 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         29,999 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated            N/A - single transaction 
       information 
       Aggregated 
       volume 
       Price 
     -------------------  -------------------------------------------------- 
 e)   Date of               16 January 2019 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of              Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 
 
 ENQUIRIES 
 Clipper:                            +44 (0)113 204 2050 
 Steve Parkin, Executive Chairman 
 Tony Mannix, Chief Executive Officer 
 David Hodkin, Chief Financial Officer 
  Public Relations Advisers: 
 Buchanan:                          +44 (0) 20 7466 5000 
 David Rydell 
 Stephanie Watson 
 Hannah Ratcliff 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

January 16, 2019 11:23 ET (16:23 GMT)

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