Clipper Logistics plc Replacement: Exercise of Share Awards and Options (8897U)

TIDMCLG

RNS Number : 8897U

Clipper Logistics plc

02 April 2019

Clipper Logistics plc

("Clipper" or the "Company")

Exercise of share awards and options and subsequent sale

The headline for the Clipper Logistics plc announcement released on 2 April 2019 at 15.32 under RNS No 8865U should read Exercise of share awards and options and subsequent sale.

The announcement text is unchanged and is reproduced in full below.

Clipper Logistics plc announces that on 1 April 2019 the following PDMR exercised their options over Ordinary Shares of 0.05 pence each ("shares") pursuant to the Company's Sharesave Scheme, relating to options granted in 2016. The exercise price for the shares was 239.34p.

The shares were sold immediately upon exercise at a price of GBP2.60 per share.

 
 Name             Title    Number          Total number     PDMR and connected 
                            of options      of Ordinary      persons' beneficial 
                            over Ordinary   Shares over      interest in the 
                            Shares          which options    Company following 
                            exercised       held following   notification 
                                            notification 
 Antony Mannix    CEO               3,760          369,267       946,786(1)   0.9% 
                 -------  ---------------  ---------------  ---------------  ----- 
 

(1) 940,376 shares held by Kexby Investments Ltd, of which Antony Mannix is ultimate controller; 6,410 shares held by spouse.

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 notification/       Initial 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 the               Exercise of options under the Company's Sharesave 
       transaction                 Scheme. 
     --------------------------  -------------------------------------------------- 
 c)   Price(s) and                  Price(s)     Volume(s) 
       volume(s)                     GBP2.3934    3,760 
                                                 ---------- 
     --------------------------  -------------------------------------------------- 
 d)    Aggregated                  N/A - single transaction 
        information 
 
         *    Aggregated volume 
 
 
 
         *    Price 
     --------------------------  -------------------------------------------------- 
 e)   Date of the                  1 April 2019 
       transaction 
     --------------------------  -------------------------------------------------- 
 f)   Place of the                 Outside a trading venue 
       transaction 
     --------------------------  -------------------------------------------------- 
 
 
 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 notification/        Initial 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 the                Sale of shares 
        transaction 
      ---------------------------  -------------------------------------------------- 
 c)    Price(s) and                   Price(s)    Volume(s) 
        volume(s)                      GBP2.60     3,760 
                                                  ---------- 
      ---------------------------  -------------------------------------------------- 
 d)     Aggregated                   N/A - single transaction 
         information 
 
          *    Aggregated volume 
 
 
 
          *    Price 
      ---------------------------  -------------------------------------------------- 
 e)    Date of the                   1 April 2019 
        transaction 
      ---------------------------  -------------------------------------------------- 
 f)    Place of the                  London Stock Exchange, Main Market 
        transaction 
      ---------------------------  -------------------------------------------------- 
 ENQUIRIES 
 Clipper:                                                  [phone] 
 Steve Parkin, Executive Chairman 
 Tony Mannix, Chief Executive Officer 
 David Hodkin, Chief Financial Officer 
  Public Relations Advisers: 
 Buchanan:                                                [phone] 
 David Rydell 
 Stephanie Watson 
 
 

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END

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April 02, 2019 11:08 ET (15:08 GMT)