Remuneration Information • May 11, 2020
Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 5382M
Clarkson PLC
11 May 2020
Clarkson PLC
("Clarksons" or "the Company")
11 May 2020
Director/PDMR Shareholdings
This notification is made in accordance with the Market Abuse Regulation.
Grant of Deferred Share Awards
The Company announces that on 7 May 2020, in fulfilment of the 10% deferred element of the 2019 bonus, as disclosed in the 2019 annual report, the following Deferred Share Awards over ordinary shares of 25p each in the Company were granted under the Clarkson PLC 2014 Long Term Incentive Plan (the "Plan") to Executive Directors of the Company.
The vesting of these awards is subject to continued employment and they will normally vest on 7 May 2024.
| Director | Number of shares under award | Form of award |
| Mr Andi Case | 9,952 | Restricted shares |
| Mr Jeff Woyda | 2,573 | Restricted shares |
Grant of Performance Awards
Also on 7 May 2020, after detailed consideration, the Remuneration Committee granted the following Performance Awards under the Plan, as disclosed in the 2019 annual report, over ordinary shares of 25p each in the Company.
Vesting of these awards is subject to the fulfilment of certain performance conditions over a three-year period and continued employment, followed by a two-year holding period. Under the Plan rules, the Remuneration Committee has full discretion to ensure that the final outturn reflects all relevant factors, including consideration of any windfall gains.
| Director | Number of shares under award | Form of award |
| Mr Andi Case | 34,351 | Nil Cost Option |
| Mr Jeff Woyda | 21,859 | 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 | 524,458 | 1.69% | 34,449 | 0.13% | 116,424 | - | 0.38% |
| Mr Jeff Woyda | 80,602 | 0.27% | 9,678 | 0.03% | 72,048 | 813 | 0.24% |
For further details please contact:
Company enquiries:
Rachel Spencer, Company Secretary
Tel: +44(0)20 7334 3476
Mob: +44(0)7920 023476
Camarco:
Billy Clegg
Tel: +44(0)20 3757 4983
Mob: +44(0)7977 578 153
Jennifer Renwick
Tel: +44(0)20 3757 4994
Mob: +44(0)7928 471 013
| 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) |
| £24.02 | 9,952 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 7 May 2020 | |
| 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) |
| £24.02 | 2,573 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 7 May 2020 | |
| 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) |
| £24.02 | 34,351 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 7 May 2020 | |
| 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) |
| £24.02 | 21,859 | ||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 7 May 2020 | |
| 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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