RNS Number : 2442N
Carclo plc
22 September 2023
 

22 September 2023

 

Carclo plc

 

Director/PDMR Shareholding

 

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

Carclo plc confirms that, on 21 September 2023, conditional awards over Carclo plc ordinary shares were granted under the terms of the Carclo plc Performance Share Plan 2017 to certain PDMRs as set out below. The awards will vest at the end of a three-year period, subject to continued employment and the achievement of performance conditions. The awards granted to executive directors are subject to a further two-year post-vesting holding period.

 

The performance conditions for these awards are equally weighted between Absolute Total Shareholder Return ("TSR") and Earnings per Share ("EPS") targets.

 

The earliest vesting date of the award is normally 21 September 2026.

 

Name

Status

No. of shares granted

Frank Doorenbosch, Chief Executive Officer

Executive director

1,250,000

Eric Hutchinson, Chief Financial Officer

Executive director

750,000

Gary Allan, VP of Global Operational Strategy and Excellence

PDMR

200,000

Alan Hook, Divisional CEO - Aerospace

PDMR

200,000

 

This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Frank Doorenbosch

2

Reason for the notification

a)

Position/status

PDMR (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

Carclo plc

b)

LEI

21380078MEM399JPI956

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 5p

 

ISIN:  GB0001751915

b)

Nature of the transaction

Grant of a conditional award of shares under the Carclo plc Performance Share Plan 2017. Subject to continued service and the extent to which the applicable performance conditions are satisfied, normally vests after 3 years and is subject to a further 2 year holding period.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP Nil

1,250,000

d)

Aggregated information

-     Aggregated volume

-     Price

 

Aggregated volume: 1,250,000

 

Aggregated price: GBP Nil

e)

Date of the transaction

2023-09-21

f) 

Place of the transaction

XLON

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Eric Hutchinson

2

Reason for the notification

a)

Position/status

PDMR (Chief Financial Officer)

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Carclo plc

b)

LEI

21380078MEM399JPI956

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 5p

 

ISIN:  GB0001751915

b)

Nature of the transaction

Grant of a conditional award of shares under the Carclo plc Performance Share Plan 2017. Subject to continued service and the extent to which the applicable performance conditions are satisfied, normally vests after 3 years and is subject to a further 2 year holding period.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP Nil

750,000

d)

Aggregated information

-     Aggregated volume

-     Price

 

Aggregated volume: 750,000

 

Aggregated price: GBP Nil

e)

Date of the transaction

2023-09-21

f) 

Place of the transaction

XLON

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Gary Allan

2

Reason for the notification

a)

Position/status

PDMR (VP of Global Operational Strategy and Excellence)

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Carclo plc

b)

LEI

21380078MEM399JPI956

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 5p

 

ISIN:  GB0001751915

b)

Nature of the transaction

Grant of a conditional award of shares under the Carclo plc Performance Share Plan 2017. Subject to continued service and the extent to which the applicable performance conditions are satisfied, normally vests after 3 years.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP Nil

200,000

d)

Aggregated information

-     Aggregated volume

-     Price

 

Aggregated volume: 200,000

 

Aggregated price: GBP Nil

e)

Date of the transaction

2023-09-21

f) 

Place of the transaction

XLON

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Alan Hook

2

Reason for the notification

c)

Position/status

PDMR (Divisional CEO - Aerospace)

d)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Carclo plc

b)

LEI

21380078MEM399JPI956

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.

g)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5p

 

ISIN:  GB0001751915

h)

Nature of the transaction

Grant of a conditional award of shares under the Carclo plc Performance Share Plan 2017. Subject to continued service and the extent to which the applicable performance conditions are satisfied, normally vests after 3 years.

i) 

Price(s) and volume(s)

Price(s)

Volume(s)

GBP Nil

200,000

j) 

Aggregated information

-     Aggregated volume

-     Price

 

Aggregated volume: 200,000

 

Aggregated price: GBP Nil

k)

Date of the transaction

2023-09-21

l) 

Place of the transaction

XLON

 

 

Eric Hutchinson

Company Secretary

+44 (0)1924 268040

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