Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The Company announces that on 25th April 2018, 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:
Director:
Number of conditional shares awarded:
Mark Lawrence
181,588
Mike Crowder
154,934
Trevor Mitchell
135,078
No consideration was paid for the grant of the conditional share awards. The conditional share awards will normally vest on 25th April 2021, being the third anniversary of the date of grant, subject to continued employment with the Company and 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 31st December 2017.
Formal notifications in respect of the conditional share awards to the directors are below;
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Lawrence
2
Reason forthe notification
a)
Position/status
Group Chief Executive Officer and Executive Director (PDMR).
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneerorauction monitor
a)
Name
TClarke plc
b)
LEI
213800OIP8MU517BK123
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 of the financial instrument, type ofinstrument
Identification code
Ordinary shares of 10 pence each
GB0002015021
b)
Nature of the transaction
Grant of a conditional share award under the Equity Incentive Plan
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
Nil
181,588
d)
Aggregatedinformation
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2018-04-25
f)
Placeof the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mike Crowder
2
Reason forthe notification
a)
Position/status
Group Managing Director and Executive Director (PDMR).
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneerorauction monitor
a)
Name
TClarke plc
b)
LEI
213800OIP8MU517BK123
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 of the financial instrument, type ofinstrument
Identification code
Ordinary shares of 10 pence each
GB0002015021
b)
Nature of the transaction
Grant of a conditional share award under the Equity Incentive Plan
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
Nil
154,934
d)
Aggregatedinformation
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2018-04-25
f)
Placeof the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Trevor Mitchell
2
Reason forthe notification
a)
Position/status
Group Finance Director and Executive Director (PDMR).
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneerorauction monitor
a)
Name
TClarke plc
b)
LEI
213800OIP8MU517BK123
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 of the financial instrument, type ofinstrument
Identification code
Ordinary shares of 10 pence each
GB0002015021
b)
Nature of the transaction
Grant of a conditional share award under the Equity Incentive Plan
c)
Price(s)andvolume(s)
Price(s)
Volume(s)
Nil
135,078
d)
Aggregatedinformation
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
2018-04-25
f)
Placeof the transaction
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
N+1 Singer(Financial Adviser and Broker)
Sandy Fraser
Rachel Hayes
Tel: 020 7496 3000
www.nplus1singer.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
26th April 2018
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T.Clarke plc published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 13:38:02 UTC
TClarke plc is a United Kingdom-based building services company. The Company provides electrical and mechanical contracting and related services to the construction industry and end users. It has five core service areas: engineering services, technologies, infrastructure, residential and hotels, and facilities management. It provides mechanical, electrical and technology engineering, incorporating modern methods of construction (MMC) that deploy offsite prefabrication, pre-assembly and design standardization. The Company provides designing and delivering the technology components for all projects, including smart buildings technologies and data centers. Its infrastructure service area includes healthcare, education, defense and growth areas of public sector infrastructure. The Company's residential and hotels service area includes residential accommodation, including luxury hotels, affordable hotels, student accommodation and private residential. It operates from around 19 locations.
TCLARKE PLC 
