Carclo plc Director/PDMR Shareholding (2442N)
September 22 2023 - 2:00AM
UK Regulatory
TIDMCAR
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 Ordinary shares of 5p
the financial instrument,
type of instrument ISIN: GB0001751915
Identification
code
-------------------------------------------- ------------------------------------------------
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 Aggregated volume: 1,250,000
Aggregated price: GBP Nil
* Price
-------------------------------------------- ------------------------------------------------
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 Ordinary shares of 5p
the financial instrument,
type of instrument ISIN: GB0001751915
Identification
code
-------------------------------------------- ------------------------------------------------
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 Aggregated volume: 750,000
Aggregated price: GBP Nil
* Price
-------------------------------------------- ------------------------------------------------
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 Ordinary shares of 5p
the financial instrument,
type of instrument ISIN: GB0001751915
Identification
code
-------------------------------------------- --------------------------------------------
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 Aggregated volume: 200,000
Aggregated price: GBP Nil
* Price
-------------------------------------------- --------------------------------------------
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 Ordinary shares of 5p
the financial instrument,
type of instrument ISIN: GB0001751915
Identification
code
-------------------------------------------- --------------------------------------------
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 Aggregated volume: 200,000
Aggregated price: GBP Nil
* Price
-------------------------------------------- --------------------------------------------
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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END
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