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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tclarke Plc | LSE:CTO | London | Ordinary Share | GB0002015021 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.25 | 0.78% | 161.25 | 161.00 | 161.50 | 162.00 | 161.00 | 161.00 | 100,174 | 16:35:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Special Trade Contractor,nec | 491M | 6.5M | 0.1230 | 13.09 | 85.09M |
TIDMCTO
RNS Number : 6873L
TClarke PLC
01 May 2020
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 1(st) May 2020, 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 plc Equity Incentive Plan ("the Plan") as follows:
Executive Director: Number of conditional shares awarded: Mark Lawrence 439,601 Mike Crowder 375,000 Trevor Mitchell 327,075
No consideration was paid for the grant of the conditional share awards. The conditional share awards will normally vest on 1(st) May 2023, 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 RPI* 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 2019.
50% of the award will be made on the basis of actions taken by the Executive Directors to enable TClarke to increase retained reserves for the year ended 31 December 2020 (excluding any impact from Pension Deficit Movements). In addition, TClarke must continue to trade within its normal banking facilities for the year without breaching any covenants. Achievement of this performance condition will be assessed by the Remuneration Committee in March 2021. For the shares to vest the Company must not breach any banking covenants for the remainder of the three year performance period.
Formal notifications in respect of the conditional share awards to the Executive Directors 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 Equity Incentive Plan --------------------------------- -------------------------------------------- c) Price(s ) and volum Price(s) Volume(s) e (s) Nil 439,601 ---------- --------------------------------- -------------------------------------------- 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 2020-05-01 ) --------------------------------- -------------------------------------------- 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 Equity Incentive Plan --------------------------------- ----------------------------------------------- c) Price(s ) and volum Price(s) Volume(s) e (s) Nil 375,000 ---------- --------------------------------- ----------------------------------------------- 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 2020-05-01 ) --------------------------------- ----------------------------------------------- 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 Equity Incentive Plan --------------------------------- ---------------------------------------------- c) Price(s ) and volum Price(s) Volume(s) e (s) Nil 327,075 ---------- --------------------------------- ---------------------------------------------- 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 2020-05-01 ) --------------------------------- ---------------------------------------------- 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 David Lanchester - Company Secretary Tel: 020 7997 7400 www.tclarke.co.uk Cenkos Securities plc (Corporate Broker) Max Hartley (Corporate Finance) Nick Searle (Sales) Tel: 020 7397 8900 www.cenkos.com RMS Partners Simon Courtenay Tel: 020 3735 6551
1(st) May 2020
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
May 01, 2020 07:25 ET (11:25 GMT)
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