Exercise of share awards & options & PDMR dealing
Clipper Logistics plc
("Clipper" or the "Company")
Exercise of share awards and options and Director/PDMR Dealing
Clipper Logistics plc announces that on 9 September 2021 the following Director/PDMR/PCA transactions took place, all in respect of Ordinary Shares of 0.05p each in the Company:
2015 Performance Share Plan Exercise and Sale
The three Executive Directors (Steven Parkin (Executive Chairman), Antony Mannix (CEO) and David Hodkin (CFO)) exercised and sold their Options under the Company's 2015 Performance Share Plan; such Options having vested on 14 January 2018.
2018 Sharesave Scheme Exercise and Sale
The three Executive Directors also exercised and sold* their Options under the Company's 2018 Sharesave Scheme; such Options having matured on 1 April 2021.
2015 Sharesave Scheme Sale
In 2018, the Executive Directors exercised their Options under the Company's 2015 Sharesave Scheme, and immediately transferred those shares to their wives. On 9 September 2021 their wives sold these shares in full.
Details of the transactions are below:
Name | Title | 2015 PSP Shares Exercised and Sold | 2018 Sharesave Shares Exercised and Sold | 2015 Sharesave Shares Sold |
Steven Parkin | Executive Chairman | 229,682 | 4,740 | - |
Joanne Parkin | PCA with Steven Parkin | - | - | 12,820 |
Antony Mannix | Chief Executive Officer | 127,601 | 2,370* | - |
Gina Mannix | PCA with Antony Mannix | - | 2,370* | 6,410 |
David Hodkin | Chief Financial Officer | 102,081 | 4,740 | - |
Angela Hodkin | PCA with David Hodkin | - | - | 12,820 |
Total Shares sold |
| 459,364 (new issue) | 11,850 (new issue) | 32,050 |
* Antony Mannix's 2018 Sharesave Shares were transferred on exercise to his wife Gina, and immediately sold by her.
All shares were sold at a price of £8.4006 per share.
Following the exercise of the 2015 PSP and 2018 Sharesave Awards, the Executive Directors now hold Options over Ordinary Shares as follows:
Name | Title | Total number of Ordinary Shares over which options held following notification |
Steven Parkin | Executive Chairman | 107,887 |
Antony Mannix | CEO | 77,855 |
David Hodkin | CFO | 60,061 |
As all of the shares sold were newly allotted apart from those relating to the 2015 Sharesave Scheme held by the Executive Directors' wives, the holdings of each Executive Director remain unchanged, as follows:
Name | Title | Total number of Ordinary Shares held | % of Company's issued share capital |
Steven Parkin, ultimate controller of Carlton Court Investments Ltd | Executive Chairman | 14,128,000 | 13.81% |
Antony Mannix, ultimate controller of Kexby Investments Ltd | CEO | 940,376 | 0.92% |
David Hodkin, ultimate controller of Wolds Investments Ltd | CFO | 1,100,376 | 1.08% |
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
| 1. Exercise and Sale of Share Options under the Company's Performance Share Plan. 2. Exercise and Sale of Share Options under the Company's Sharesave Scheme. | ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information · Aggregated volume
· Price |
234,422
£8.4006 | ||||||
e) | Date of the transaction
|
9 September 2021 | ||||||
f) | Place of the transaction
|
London Stock Exchange, Main Market |
PCA SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Joanne Parkin | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| PCA with Steven Parkin, 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
| Sale of shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information · Aggregated volume
· Price |
N/A - single transaction
| ||||
e) | Date of the transaction
|
9 September 2021 | ||||
f) | Place of the transaction
|
London Stock Exchange, Main Market |
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
| 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
| 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
| Exercise and Sale of Share Options under the Company's Performance Share Plan
| ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information · Aggregated volume
· Price |
N/A - single transaction
| ||||
e) | Date of the transaction
|
9 September 2021 | ||||
f) | Place of the transaction
|
London Stock Exchange, Main Market |
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
| 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
| 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
| Exercise of Share Options under the Company's Sharesave Scheme, with immediate transfer to spouse
| ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information · Aggregated volume
· Price |
N/A - single transaction
| ||||
e) | Date of the transaction
|
9 September 2021 | ||||
f) | Place of the transaction
|
London Stock Exchange, Main Market |
PCA SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Gina Mannix | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| PCA with Antony Mannix, 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
| Sale of shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information · Aggregated volume
· Price |
N/A - single transaction
| ||||
e) | Date of the transaction
|
9 September 2021 | ||||
f) | Place of the transaction
|
London Stock Exchange, Main Market |
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
| 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
| 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
| 1. Exercise and Sale of Share Options under the Company's Performance Share Plan. 2. Exercise and Sale of Share Options under the Company's Sharesave Scheme. | ||||||
c) | Price(s) and volume(s)
|
| ||||||
d) | Aggregated information · Aggregated volume
· Price |
106,821
£8.4006 | ||||||
e) | Date of the transaction
|
9 September 2021 | ||||||
f) | Place of the transaction
|
London Stock Exchange, Main Market |
PCA SHAREHOLDING
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Angela Hodkin | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| PCA with David Hodkin, 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
| Sale of shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information · Aggregated volume
· Price |
N/A - single transaction
| ||||
e) | Date of the transaction
|
9 September 2021 | ||||
f) | Place of the transaction
|
London Stock Exchange, Main Market |
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 |
| ||
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