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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