TIDMCLG

RNS Number : 0494M

Clipper Logistics plc

16 September 2021

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 September 2021 under the Company's Performance Share Plan:

Conditional awards of nil-cost options over a total of 328,499 Ordinary Shares of 0.05 pence each ("shares") were granted to 12 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, relative Total Shareholder Return and a basket of ESG measures. The period during which the PSP awards will normally be exercisable is 16/09/2024 - 16/09/2031, 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 normally be exercisable during the period 16/09/2026 - 16/09/2031.

Included in the 12 employees, the below PDMRs (Person Discharging Managerial Responsibilities) received PSP awards of options:

 
 Name                Title                 Number of Ordinary       Total number of Ordinary 
                                            Shares over which        Shares over which PSP 
                                            PSP options granted(1)   options held following 
                                                                     notification 
 Steven Parkin       Executive Chairman            80,954                   185,133 
                    --------------------  ------------------------  ------------------------ 
 Antony Mannix       CEO                           55,441                   126,787 
                    --------------------  ------------------------  ------------------------ 
 David Hodkin        CFO                           43,790                   100,143 
                    --------------------  ------------------------  ------------------------ 
 Stefan van 
  Hoof               Managing Director             32,649                    75,505 
                    --------------------  ------------------------  ------------------------ 
 Roger Peel          Managing Director              8,790                    43,957 
                    --------------------  ------------------------  ------------------------ 
 Richard Costello    Managing Director             10,987                    53,480 
                    --------------------  ------------------------  ------------------------ 
 

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                    Initial Notification 
       notification/ 
       Amendment 
     -------------------------  ------------------------------------------------- 
 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                Ordinary Shares of 0.05p 
       of the financial           GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  ------------------------------------------------- 
 b)   Nature of                  Grant of conditional shares in the Company's PSP 
       the transaction            (subject to cash settlement) 
     -------------------------  ------------------------------------------------- 
 c)   Price(s)                     Price(s)    Volume(s) 
       and volume(s)                N/A         80,954 
                                               ---------- 
     -------------------------  ------------------------------------------------- 
 d)   Aggregated                  N/A - single transaction 
       information 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------  ------------------------------------------------- 
 e)   Date of                     16 September 2021 
       the transaction 
     -------------------------  ------------------------------------------------- 
 f)   Place of                    Outside a trading venue 
       the transaction 
     -------------------------  ------------------------------------------------- 
 

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              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         55,441 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated             N/A - single transaction 
       information 
       - Aggregated 
       volume 
       - Price 
     -------------------  -------------------------------------------------- 
 e)   Date of               16 September 2021 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of              Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 

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              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction      (subject to cash settlement) 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         43,790 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated            N/A - single transaction 
       information 
       - Aggregated 
       volume 
       - Price 
     -------------------  -------------------------------------------------- 
 e)   Date of              16 September 2021 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of             Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 

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              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         32,649 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated            N/A - single transaction 
       information 
       - Aggregated 
       volume 
       - Price 
     -------------------  -------------------------------------------------- 
 e)   Date of              16 September 2021 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of             Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 

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              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         8,790 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated            N/A - single transaction 
       information 
       - Aggregated 
       volume 
        *    Price 
     -------------------  -------------------------------------------------- 
 e)   Date of               16 September 2021 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of              Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 

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              Initial Notification 
       notification/ 
       Amendment 
     -------------------  -------------------------------------------------- 
 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          Ordinary Shares of 0.05p 
       of the financial     GB00BMMV6B79 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------  -------------------------------------------------- 
 b)   Nature of            Grant of conditional shares in the Company's PSP 
       the transaction 
     -------------------  -------------------------------------------------- 
 c)   Price(s)               Price(s)    Volume(s) 
       and volume(s)          N/A         10,987 
                                         ---------- 
     -------------------  -------------------------------------------------- 
 d)   Aggregated             N/A - single transaction 
       information 
       - Aggregated 
       volume 
       - Price 
     -------------------  -------------------------------------------------- 
 e)   Date of               16 September 2021 
       the transaction 
     -------------------  -------------------------------------------------- 
 f)   Place of              Outside a trading venue 
       the transaction 
     -------------------  -------------------------------------------------- 
 
 
 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 Whitmore 
 
 

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END

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(END) Dow Jones Newswires

September 16, 2021 09:31 ET (13:31 GMT)

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