TCLARKE PLC

Remuneration Information • Apr 30, 2013

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RNS Number : 6497D

Clarke(T.) PLC

30 April 2013

T.CLARKE PLC (the "Company")

EQUITY INCENTIVE PLAN - CONDITIONAL GRANT OF SHARES

On 30th April 2013, directors of the Company were granted conditional share awards and approved share options over ordinary shares of 10p each in the capital of the Company ('shares') under the T.Clarke plc Equity Incentive Plan ('the Plan'). 

Details of the directors and the number of conditional share awards and options granted to them under the Plan are as follows:

Director	Number of conditional shares awarded	Number of approved share options	Exercise price of options
Mark Lawrence	115,000	59,000	52.00p /share
Mike Crowder	115,000	59,000	52.00p /share
Martin Walton	115,000	59,000	52.00p /share

The conditional share awards and options will normally vest on 30th April 2016, 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%

No consideration was paid for the grant of the conditional share awards and options.

Following the grant of the conditional share awards and options under the Plan these directors hold the following interests in the issued share capital of the Company.

Director	Beneficial interest in the shares of the Company	% of the issued share capital of the Company	Total number of conditional share awards held	Total number of options
Mark Lawrence	20,000	0.05%	315,000	137,607
Mike Crowder	12,000	0.03%	315,000	137,607
Martin Walton	10,000	0.02%	315,000	137,607

For further information contact:

T. Clarke plc Mark Lawrence, Chief Executive   Martin Walton, Finance Director	Tel: 020-7997-7400
N + 1 Singer Sandy Fraser	Tel: 020-7496-3000

This information is provided by RNS

The company news service from the London Stock Exchange

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