Clipper Logistics : Grant of share awards and options

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 January 2019 under the Company's Performance Share Plan:

Conditional awards of nil-cost options over a total of 671,645 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 awards is subject to performance conditions relating to growth in adjusted diluted earnings per share, and the overall performance of Clipper. The period during which the awards will be exercisable is 16/01/2022 - 16/01/2029, with the exception of the options granted to the three Executive Directors (Steven Parkin, Antony Mannix and David Hodkin) whose options are subject to a two year holding period, and as such will be exercisable during the period 16/01/2024 - 16/01/2029.

Included in the 13 employees, the below PDMRs (Person Discharging Managerial Responsibilities) received conditional awards:

Name	Title	Number of Ordinary Shares granted	Total number of Ordinary Shares over which options held following notification1
Steven Parkin	Executive Chairman	173,499	602,535
Antony Mannix	CEO	116,489	368,372
David Hodkin	CFO	92,009	292,761
Roger Peel	Managing Director	24,827	56,992
Richard Costello	Managing Director	29,999	29,999

1. As disclosed in the Company's interim results to 31 October 2018, published on 6 December 2018, the Remuneration Committee concluded that none of the PSP awards due to vest on 14 January 2019 would vest. The Remuneration Committee also concluded that none of the PSP awards due to vest on 29 March 2019 will vest. The final column of the table above reflects the non-vesting of these awards.

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
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 173,499
d)	Aggregated information Aggregated volume Price	N/A - single transaction
e)	Date of the transaction	16 January 2019
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)	Price(s) Volume(s) N/A 116,489
d)	Aggregated information Aggregated volume Price	N/A - single transaction
e)	Date of the transaction	16 January 2019
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
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 92,009
d)	Aggregated information Aggregated volume Price	N/A - single transaction
e)	Date of the transaction	16 January 2019
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)	Price(s) Volume(s) N/A 24,827
d)	Aggregated information Aggregated volume Price	N/A - single transaction
e)	Date of the transaction	16 January 2019
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)	Price(s) Volume(s) N/A 29,999
d)	Aggregated information Aggregated volume Price	N/A - single transaction
e)	Date of the transaction	16 January 2019
f)	Place of the transaction	Outside a trading venue

ENQUIRIES
Clipper:		[phone]
Steve Parkin, Executive Chairman
Tony Mannix, Chief Executive Officer
David Hodkin, Chief Financial Officer
Public Relations Advisers:
Buchanan:	[phone]
David Rydell
Stephanie Watson
Hannah Ratcliff