Remuneration Information • Apr 18, 2019
Remuneration Information
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RNS Number : 6981W
Clarkson PLC
18 April 2019
CLARKSON PLC
("the Company")
Director/PDMR Shareholdings
This notification is made in accordance with the Market Abuse Regulation.
Vesting of Deferred Share Awards
The Company announces that on 17 April 2019, the Deferred Share Awards granted on 17 April 2015 under the Clarkson PLC 2014 Long Term Incentive Plan (the "Plan") vested following the end of a four-year deferral period. The following Executive Directors acquired ordinary shares of 25p each in the Company in connection with the vesting. Mr Case subsequently sold all of his acquired shares and Mr Woyda sold part of his acquired shares to fund tax liabilities arising from the vesting:
| Director | Ordinary shares acquired on vesting | Shares sold at £23.90 per ordinary share | Ordinary shares retained from vesting |
| Mr Andi Case | 15,233 | 15,233 | - |
| Mr Jeff Woyda | 3,249 | 1,528 | 1,721 |
Grant of Deferred Share Awards
The Company announces that on 18 April 2019, in fulfilment of the 10% deferred element of the 2018 bonus, as disclosed in the 2018 annual report, the following Deferred Share Awards over ordinary shares of 25p each in the Company were granted under the Plan to Executive Directors of the Company.
The vesting of these awards is subject to continued employment and they will normally vest 18 April 2023.
| Director | Number of shares under award | Form of award |
| Mr Andi Case | 8,951 | Restricted shares |
| Mr Jeff Woyda | 2,314 | Restricted shares |
Grant of Performance Awards
Also on 18 April 2019, the following Performance Awards over ordinary shares of 25p each in the Company were granted under the Plan.
Vesting of these awards is subject to the fulfilment of certain performance conditions over a three-year period, continued employment, and the expiry of a two-year holding period.
| Director | Number of shares under award | Form of award |
| Mr Andi Case | 34,854 | Nil Cost Option |
| Mr Jeff Woyda | 22,179 | Nil Cost Option |
Following the above transactions, which are detailed in the attached PDMR Notification Dealing Forms, the Directors' interests in the Company's share capital is as follows:
| Director | Ordinary shares | % of issued share capital | Restricted shares | % of issued share capital | Performance-related options | SAYE options | % of issued share capital |
| Mr Andi Case | 506,241 | 1.67% | 45,003 | 0.15% | 102,855 | - | 0.34% |
| Mr Jeff Woyda | 78,833 | 0.26% | 10,446 | 0.03% | 63,414 | 813 | 0.21% |
For further details please contact:
Rachel Spencer
Group Company Secretary
Clarkson PLC
Tel: +44(0) 20 7334 3476
18 April 2019
| PDMR DEALING NOTIFICATION TEMPLATE | |||
| Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Andi Leigh Case | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Clarkson PLC | |
| b) | Legal Entity Identifier | 2138007G6BGTEHI3OT22 | |
| 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 | Ordinary shares of 25p each in Clarkson PLC | |
| Identification code | GB0002018363 | ||
| b) | Nature of the transaction | Vesting of Deferred Share Award (granted as restricted shares) under the Clarkson PLC 2014 Long Term Incentive Plan. Number of shares vested: 15,233 Number of shares sold: 15,233 |
|
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £23.90 | 15,233 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 17 April 2019 | |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Jeffrey David Woyda | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer & Chief Operating Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Clarkson PLC | |
| b) | Legal Entity Identifier | 2138007G6BGTEHI3OT22 | |
| 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 | Ordinary shares of 25p each in Clarkson PLC | |
| Identification code | GB0002018363 | ||
| b) | Nature of the transaction | Vesting of Deferred Share Award (granted as restricted shares) under the Clarkson PLC 2014 Long Term Incentive Plan. Number of shares vested: 3,249 Sold to cover tax: 1,528 Retained: 1,721 |
|
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £23.90 | 1,528 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 17 April 2019 | |
| f) | Place of the transaction | Outside a trading venue |
| PDMR DEALING NOTIFICATION TEMPLATE | |||
| Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Andi Leigh Case | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Clarkson PLC | |
| b) | Legal Entity Identifier | 2138007G6BGTEHI3OT22 | |
| 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 | Ordinary shares of 25p each in Clarkson PLC | |
| Identification code | GB0002018363 | ||
| b) | Nature of the transaction | Grant of Deferred Share Award (restricted shares) under the Clarkson PLC 2014 Long Term Incentive Plan in respect of deferred bonus. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £23.67 | 8,951 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 18 April 2019 | |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Jeffrey David Woyda | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer & Chief Operating Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Clarkson PLC | |
| b) | Legal Entity Identifier | 2138007G6BGTEHI3OT22 | |
| 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 | Ordinary shares of 25p each in Clarkson PLC | |
| Identification code | GB0002018363 | ||
| b) | Nature of the transaction | Grant of Deferred Share Award (restricted shares) under the Clarkson PLC 2014 Long Term Incentive Plan in respect of deferred bonus. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £23.67 | 2,314 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 18 April 2019 | |
| f) | Place of the transaction | Outside a trading venue |
| PDMR DEALING NOTIFICATION TEMPLATE | |||
| Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Andi Leigh Case | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Clarkson PLC | |
| b) | Legal Entity Identifier | 2138007G6BGTEHI3OT22 | |
| 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 | Ordinary shares of 25p each in Clarkson PLC | |
| Identification code | GB0002018363 | ||
| b) | Nature of the transaction | Grant of Performance Award (in the form of a nil cost option) under the Clarkson PLC 2014 Long Term Incentive Plan. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £23.67 | 34,854 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 18 April 2019 | |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Jeffrey David Woyda | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer & Chief Operating Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Clarkson PLC | |
| b) | Legal Entity Identifier | 2138007G6BGTEHI3OT22 | |
| 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 | Ordinary shares of 25p each in Clarkson PLC | |
| Identification code | GB0002018363 | ||
| b) | Nature of the transaction | Grant of Performance Award (in the form of a nil cost option) under the Clarkson PLC 2014 Long Term Incentive Plan. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £23.67 | 22,179 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 18 April 2019 | |
| f) | Place of the transaction | Outside a trading venue |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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