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 8 January 2021 under the Company's Performance Share Plan:
Conditional awards of nil-cost options over a total of 425,008 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 PSP awards is subject to performance conditions relating to growth in diluted earnings per share ("EPS"), relative Total Shareholder Return ("TSR") and a basket of ESG measures. The period during which the PSP awards will be exercisable is 8/01/2024 - 8/01/2031, with the exception of the PSP awards granted to the three Executive Directors (Steven Parkin, Antony Mannix and David Hodkin) plus the three remaining members of the Executive Committee, whose PSP awards are subject to a two year holding period, and as such will be exercisable during the period 8/01/2026 - 8/01/2031.
Included in the 13 employees, the below PDMRs (Person Discharging Managerial Responsibilities) received PSP awards of options:
| Name | Title | Number of Ordinary Shares granted1 | Total number of Ordinary Shares over which PSP options held following notification |
| Steven Parkin | Executive Chairman | 104,179 | 507,360 |
| Antony Mannix | CEO | 71,346 | 315,436 |
| David Hodkin | CFO | 56,353 | 250,443 |
| Stefan van Hoof | Managing Director | 42,856 | 42,856 |
| Roger Peel | Managing Director | 10,340 | 35,167 |
| Richard Costello | Managing Director | 12,494 | 42,493 |
1. In line with the Company's Directors' Remuneration Policy approved at the 2020 AGM, the PSP options granted under this PSP award to Steven Parkin and David Hodkin may only be settled in cash upon vesting, subject to a cap of 150% of current base salary.
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 (subject to cash settlement) | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 8 January 2021 | ||||
| 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 | 8 January 2021 | ||||
| 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 (subject to cash settlement) | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction | ||||
| e) | Date of the transaction | 8 January 2021 | ||||
| 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 | Stefan van Hoof | ||||
| 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 | 8 January 2021 | ||||
| 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 | 8 January 2021 | ||||
| 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 | 8 January 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| ENQUIRIES | |||
| Clipper: | +44 (0)113 204 2050 |
| |
| Steve Parkin, Executive Chairman |
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| Tony Mannix, Chief Executive Officer |
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| David Hodkin, Chief Financial Officer |
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|
Public Relations Advisers: |
| ||
| Buchanan: | +44 (0) 20 7466 5000 |
| |
| David Rydell |
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| Stephanie Watson |
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