TCLARKE PLC

Remuneration Information • May 9, 2017

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RNS Number : 6384E

Clarke(T.) PLC

09 May 2017

TCLARKE PLC

(the "Company")

TCLARKE PLC EQUITY INCENTIVE PLAN - CONDITIONAL GRANT OF SHARES AWARDS

On 8th May 2017, the Directors of the Company were granted conditional share awards over ordinary shares of 10p each in the capital of the Company ("Shares") under the TClarke 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	115,000
Mike Crowder	100,000
Martin Walton	85,000

No consideration was paid for the grant of the conditional share awards.  The conditional share awards will normally vest on 8th May 2020, 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 the underlying EPS for the year ended 31 December 2016 of 11.60p.

The following conditional share awards granted on 29th April 2014 have lapsed as the minimum performance conditions were not met:

Director	Number of conditional shares lapsed
Mark Lawrence	85,000
Mike Crowder	85,000
Martin Walton	85,000

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 for the 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, auctioneer or auction 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 of instrument

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) and volume(s)

Price(s)	Volume(s)
Nil	115,000

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

2017-05-08

f)

Place of the transaction

Outside a trading venue

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Mike Crowder

2

Reason for the 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, auctioneer or auction 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 of instrument

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) and volume(s)

Price(s)	Volume(s)
Nil	100,000

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

2017-05-08

f)

Place of the transaction

Outside a trading venue

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Martin Walton

2

Reason for the 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, auctioneer or auction 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 of instrument

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) and volume(s)

Price(s)	Volume(s)
Nil	85,000

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

2017-05-08

f)

Place of the transaction

Outside a trading venue

For further information contact:

TClarke plc

Mark Lawrence - Group Chief Executive

Martin Walton - Finance Director

David Lanchester - Company Secretary

Tel: 020 7997 7400

www.tclarke.co.uk

N+1 Singer (Financial Adviser and Broker)

Sandy Fraser

Rachel Newton

Tel: 020 7496 3000

www.nplus1singer.com

RMS Partners

Simon Courtenay

Tel: 020 3735 6551

9 May 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

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