TClarke PLC Director/PDMR Shareholding (5386M)

TIDMCTO

RNS Number : 5386M

TClarke PLC

11 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 the following Executive Directors of the Company today received nil cost conditional share awards over ordinary shares of 10p each in Company ("Shares") pursuant to the vesting of awards granted on 8(th) May 2017 under the TClarke plc Equity Incentive Plan ("EIP"), which vested in full on 8(th) May 2020. The Executive Directors also received dividend equivalent shares on the Shares vesting in accordance with the rules of the EIP.

On the maturity of the awards, the tax and NI liabilities arising were net settled and a portion of the Shares were withheld for each of the recipients. The balance of Shares due to each recipient was then transferred into the recipients' names by the Trustee of the TClarke Employee Share Ownership Trust, as indicated below:

 
Director:       Number of shares  Number of             Number of shares    Balance of shares 
                 vesting:          dividend equivalent   withheld to         transferred 
                                   shares                meet liabilities:   to Director: 
Mark Lawrence   115,000           10,221                58,854              66,367 
Mike Crowder    100,000           8,888                 51,178              57,710 
 
 
Formal notifications in respect of 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          Vesting of conditional share award and 
                                           associated dividend equivalent shares under 
                                           the TClarke plc Equity Incentive Plan 
      ---------------------------------  --------------------------------------------- 
  c)   Price(s ) and volum                Price(s)    Volume(s) 
        e (s)                              Nil         66,367 
                                                      ---------- 
      ---------------------------------  --------------------------------------------- 
 
  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            2020-05-11 
   ) 
      ---------------------------------  --------------------------------------------- 
  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          Vesting of conditional share award and 
                                           associated dividend equivalent shares under 
                                           the TClarke plc Equity Incentive Plan 
      ---------------------------------  ----------------------------------------------- 
  c)   Price(s ) and volum                Price(s)    Volume(s) 
        e (s)                              Nil         57,710 
                                                      ---------- 
      ---------------------------------  ----------------------------------------------- 
 
  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            2020-05-11 
   ) 
      ---------------------------------  ----------------------------------------------- 
  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: [phone] 
 www.tclarke.co.uk 
 
 Cenkos Securities plc (Corporate Broker) 
 Max Hartley (Corporate Finance) 
 Nick Searle (Sales) 
 Tel: [phone] 
 www.cenkos.com 
 
 RMS Partners 
 Simon Courtenay 
 Tel: [phone] 
 

11(th) May 2020

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May 11, 2020 11:01 ET (15:01 GMT)