CLARKSON PLC
("the Company" or "Clarksons")
22 April 2024
Director/PDMR Shareholdings
The Company makes the following notifications in accordance with the UK Market Abuse Regulation.
Grant of Deferred Share Awards
On 19 April 2024, in fulfilment of the 10% deferred element of the 2023 bonus, as disclosed in the 2023 Annual Report, the following Deferred Share Awards over ordinary shares of 25p each in the Company were granted under the Clarkson PLC 2023 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 19 April 2028.
| Director | Number of shares under award | Form of award |
| Mr Andi Case | 25,868 | Restricted shares |
| Mr Jeff Woyda | 6,690 | Restricted shares |
Grant of Performance Awards
Also on 19 April 2024, the following Performance Awards over ordinary shares of 25p each in the Company were granted under the Plan, as disclosed in the 2023 Annual Report.
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.
| Director | Number of shares under award | Form of award |
| Mr Andi Case | 20,496 | Nil-cost option |
| Mr Jeff Woyda | 13,043 | 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 | 594,482 | 1.93% | 84,873 | 0.28% | 70,882 | - | 0.23% |
| Mr Jeff Woyda | 125,127 | 0.41% | 21,948 | 0.07% | 45,107 | 572 | 0.15% |
For further details please contact:
Company enquiries:
Deborah Abrehart
Company Secretary
Tel: +44(0)20 7334 3185
Camarco:
Billy Clegg
Jennifer Renwick
Tel: +44(0)20 3757 4983 / 4994
About Clarkson PLC
Clarkson PLC is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.
Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors. Clarksons continues to drive innovation across its business, developing digital solutions which underpin the Group's unrivalled expertise and knowledge with leading technology.
The Group employs over 2,000 people in over 60 different offices across its four divisions and is number one or two in all its market segments.
The Company has delivered 21 years of consecutive dividend growth. The highly cash-generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on opportunities in its markets.
Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.
For more information, visit www.clarksons.com.
| 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 2023 Long Term Incentive Plan in respect of deferred bonus. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £40.25 | 25,868
| ||
|
| |||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 19 April 2024 | |
| 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 2023 Long Term Incentive Plan in respect of deferred bonus. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £40.25 | 6,690 | ||
|
| |||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 19 April 2024 | |
| 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 2023 Long Term Incentive Plan. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £40.25 | 20,496
| ||
|
| |||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 19 April 2024 | |
| 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 2023 Long Term Incentive Plan. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £40.25 | 13,043 | ||
|
| |||
| d) | Aggregated information | Not applicable - single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 19 April 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
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