16th Jan 2019 16:23
Clipper Logistics plc
("Clipper" or the "Company")
Grant of share awards and options
Clipper Logistics plc announces that the following share awards were made on 16 January 2019 under the Company's Performance Share Plan:
Conditional awards of nil-cost options over a total of 671,645 Ordinary Shares of 0.05 pence each ("shares") were granted to 13 employees, pursuant to the Company's Performance Share Plan. ("PSP"). Any vesting of the awards is subject to performance conditions relating to growth in adjusted diluted earnings per share, and the overall performance of Clipper. The period during which the awards will be exercisable is 16/01/2022 - 16/01/2029, with the exception of the options granted to the three Executive Directors (Steven Parkin, Antony Mannix and David Hodkin) whose options are subject to a two year holding period, and as such will be exercisable during the period 16/01/2024 - 16/01/2029.
Included in the 13 employees, the below PDMRs (Person Discharging Managerial Responsibilities) received conditional awards:
Name | Title | Number of Ordinary Shares granted | Total number of Ordinary Shares over which options held following notification1 |
Steven Parkin | Executive Chairman | 173,499 | 602,535 |
Antony Mannix | CEO | 116,489 | 368,372 |
David Hodkin | CFO | 92,009 | 292,761 |
Roger Peel | Managing Director | 24,827 | 56,992 |
Richard Costello | Managing Director | 29,999 | 29,999 |
1. As disclosed in the Company's interim results to 31 October 2018, published on 6 December 2018, the Remuneration Committee concluded that none of the PSP awards due to vest on 14 January 2019 would vest. The Remuneration Committee also concluded that none of the PSP awards due to vest on 29 March 2019 will vest. The final column of the table above reflects the non-vesting of these awards.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Steven Parkin | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Executive Chairman | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Clipper Logistics plc | ||||
b) | LEI
| 213800H9ZTUCXHVD1E79 | ||||
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 0.05p
GB00BMMV6B79 | ||||
b) | Nature of the transaction
| Grant of conditional shares in the Company's PSP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
Aggregated volume
Price
|
N/A - single transaction | ||||
e) | Date of the transaction
|
16 January 2019 | ||||
f) | Place of the transaction
|
Outside a trading venue | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Antony Mannix | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| CEO | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Clipper Logistics plc | ||||
b) | LEI
| 213800H9ZTUCXHVD1E79 | ||||
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 0.05p
GB00BMMV6B79 | ||||
b) | Nature of the transaction
| Grant of conditional shares in the Company's PSP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
Aggregated volume
Price
|
N/A - single transaction | ||||
e) | Date of the transaction
|
16 January 2019 | ||||
f) | Place of the transaction
|
Outside a trading venue | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| David Hodkin | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| CFO | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Clipper Logistics plc | ||||
b) | LEI
| 213800H9ZTUCXHVD1E79 | ||||
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 0.05p
GB00BMMV6B79 | ||||
b) | Nature of the transaction
| Grant of conditional shares in the Company's PSP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
Aggregated volume
Price
|
N/A - single transaction | ||||
e) | Date of the transaction
|
16 January 2019 | ||||
f) | Place of the transaction
|
Outside a trading venue | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Roger Peel | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Subsidiary Managing Director | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Clipper Logistics plc | ||||
b) | LEI
| 213800H9ZTUCXHVD1E79 | ||||
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 0.05p
GB00BMMV6B79 | ||||
b) | Nature of the transaction
| Grant of conditional shares in the Company's PSP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
Aggregated volume
Price
|
N/A - single transaction | ||||
e) | Date of the transaction
|
16 January 2019 | ||||
f) | Place of the transaction
|
Outside a trading venue | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Richard Costello | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Subsidiary Managing Director | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Clipper Logistics plc | ||||
b) | LEI
| 213800H9ZTUCXHVD1E79 | ||||
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 0.05p
GB00BMMV6B79 | ||||
b) | Nature of the transaction
| Grant of conditional shares in the Company's PSP | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
Aggregated volume
Price
|
N/A - single transaction | ||||
e) | Date of the transaction
|
16 January 2019 | ||||
f) | Place of the transaction
|
Outside a trading venue | ||||
ENQUIRIES | |||
Clipper: | +44 (0)113 204 2050 |
| |
Steve Parkin, Executive Chairman |
| ||
Tony Mannix, Chief Executive Officer |
| ||
David Hodkin, Chief Financial Officer |
| ||
Public Relations Advisers: |
| ||
Buchanan: | +44 (0) 20 7466 5000 |
| |
David Rydell |
| ||
Stephanie Watson |
| ||
Hannah Ratcliff |
| ||
Related Shares:
CLG.L