TCLARKE PLC

Remuneration Information • Apr 30, 2015

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RNS Number : 7760L

Clarke(T.) PLC

29 April 2015

T.CLARKE PLC EQUITY INCENTIVE PLAN - CONDITIONAL GRANT OF SHARES

On 29th April 2015, directors of the Company were granted conditional share awards 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 granted to them under the Plan are as follows:

Director	Number of conditional shares awarded
Mark Lawrence	90,000
Mike Crowder	90,000
Martin Walton	90,000
Danny Robson	90,000

No consideration was paid for the grant of the conditional share awards.  The conditional share awards will normally vest on 29th April 2018, 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%

*  Based on average underlying EPS for the three years ended 31 December 2014

The following conditional share awards and options granted on 1 May 2012 ('the 2012 awards') have lapsed as the minimum performance conditions were not met:

Director	Number of conditional shares lapsed	Number of options lapsed
Mark Lawrence	115,000	59,000
Mike Crowder	115,000	59,000
Martin Walton	115,000	59,000

Following the grant of the conditional share awards and the lapse of the 2012 awards 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	26,750	0.06%	290,000	73,523
Mike Crowder	18,750	0.04%	290,000	73,523
Martin Walton	16,750	0.04%	290,000	73,523
Danny Robson	1,451,906	3.47%	90,000	-

For further information contact:

TClarke plc
Mark Lawrence	Martin Walton
Group Chief Executive	Finance Director
Tel: 020 7997 7400	Tel: 020 7997 7400
www.tclarke.co.uk
N+1 Singer (Financial Adviser and Broker)	Broker Profile
Sandy Fraser	Simon Courtenay
Tel: 020 7496 3000	Tel: 020 7448 3244
www.n1singer.com	www.broker-profile.com

This information is provided by RNS

The company news service from the London Stock Exchange

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