Source - RNS
RNS Number : 1170K
Wilmington PLC
16 September 2016
 

16 September 2016

 

Wilmington plc

Correction - Share awards and options (RNS Number: 0532K), released on 16 September 2016

 

Wilmington plc would like to clarify that the Share awards and options announcement released at 9:10 on 16 September 2016 incorrectly stated the nil cost share awards granted as 226,091. The correct nil cost share awards granted was 233,092. In addition the announcement incorrectly stated the nil cost share awards granted to Bill Howarth, Richard Adams and Tony Bainbridge as 19,216, 18,177 and 13,773 shares respectively. The correct share awards granted to Bill Howarth, Richard Adams and Tony Bainbridge are 20,774, 19,216 and 18,177 respectively. All other details remain unchanged. The full release and amended text is shown below:

 

On 15 September 2016, 233,092 nil cost awards and 362,756 options with an exercise price of £2.455 over ordinary shares in Wilmington plc (the "Company") were granted under the Wilmington plc 2007 Performance Share Plan (the "Plan") to employees of Wilmington plc and its subsidiaries of which the following were made to Directors of the Company and other Persons Discharging Managerial Responsibility ("PDMRs"):

 

Name of Director/PDMR

Number of shares under the Award

Pedro Ros (Executive Director)

110,355

Anthony Foye (Executive Director)

50,028

Mike Fraser (PDMR)

14,542

Bill Howarth (PDMR)

20,774

Richard Adams (PDMR)

19,216

Tony Bainbridge (PDMR)

18,177

 

No consideration was paid for the grant of the awards which are structured as conditional awards.

 

Name of Director/PDMR

Number of shares under the Option

Daniel Barton (PDMR)

14,334

 

No consideration was paid for the grant of the options which are structured as conditional options.

 

The vesting of an award or option is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The award or option will normally vest on the later of the third anniversary of grant and the determination of the performance conditions.

 

Daniel Barton

Company Secretary

 

For further information, please contact:




Wilmington plc

020 7490 0049

Pedro Ros, Chief Executive Officer


Tony Foye, Chief Financial Officer


Daniel Barton, Company Secretary




FTI Consulting

020 3727 1000

Charles Palmer


Emma Appleton


 

Notes to Editors 

Wilmington plc is the recognised knowledge leader and partner of choice for information, education and networking in Risk & Compliance, Finance and Legal as well as the Insight leader in a number of chosen industries. Capitalised at approximately £215 million, Wilmington floated on the London Stock Exchange in 1995.

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

 

a)

Name

PEDRO ROS

 

2.

Reason for the notification

 

a)

Position /status

CHIEF EXECUTIVE OFFICER

 

b)

Initial notification / amendment

 

INITIAL NOTIFICATION

3.

Details of the Issuer

 

a)

Name

WILMINGTON PLC

 

b)

LEI code

 

N/A

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 IN WILMINGTON PLC

 

ISIN: GB0009692319

 

b)

Nature of the transaction

GRANT OF NIL COST AWARD OVER 110,355 SHARES UNDER THE COMPANY'S 2007 PERFORMANCE SHARE PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

110,355

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

 

 

e)

Date of the transaction

 

15 SEPTEMBER 2016

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

 

a)

Name

ANTHONY FOYE

 

2.

Reason for the notification

 

a)

Position /status

CHIEF FINANCIAL OFFICER

 

b)

Initial notification / amendment

 

INITIAL NOTIFICATION

3.

Details of the Issuer

 

a)

Name

WILMINGTON PLC

 

b)

LEI code

 

N/A

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 IN WILMINGTON PLC

 

ISIN: GB0009692319

 

b)

Nature of the transaction

GRANT OF NIL COST AWARD OVER 50,028 SHARES UNDER THE COMPANY'S 2007 PERFORMANCE SHARE PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

50,028

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

 

 

e)

Date of the transaction

 

15 SEPTEMBER 2016

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

 

a)

Name

MIKE FRASER

 

2.

Reason for the notification

 

a)

Position /status

CHIEF TECHNOLOGY OFFICER

 

b)

Initial notification / amendment

 

INITIAL NOTIFICATION

3.

Details of the Issuer

 

a)

Name

WILMINGTON PLC

 

b)

LEI code

 

N/A

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 IN WILMINGTON PLC

 

ISIN: GB0009692319

 

b)

Nature of the transaction

GRANT OF NIL COST AWARD OVER 14,542 SHARES UNDER THE COMPANY'S 2007 PERFORMANCE SHARE PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

14,542

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

 

 

e)

Date of the transaction

 

15 SEPTEMBER 2016

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

 

a)

Name

RICHARD ADAMS

 

2.

Reason for the notification

 

a)

Position /status

DIVISIONAL DIRECTOR

 

b)

Initial notification / amendment

 

INITIAL NOTIFICATION

3.

Details of the Issuer

 

a)

Name

WILMINGTON PLC

 

b)

LEI code

 

N/A

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 IN WILMINGTON PLC

 

ISIN: GB0009692319

 

b)

Nature of the transaction

GRANT OF NIL COST AWARD OVER 19,216 SHARES UNDER THE COMPANY'S 2007 PERFORMANCE SHARE PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

19,216

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

 

 

e)

Date of the transaction

 

15 SEPTEMBER 2016

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

 

a)

Name

WILLIAM HOWARTH

 

2.

Reason for the notification

 

a)

Position /status

DIVISIONAL DIRECTOR

 

b)

Initial notification / amendment

 

INITIAL NOTIFICATION

3.

Details of the Issuer

 

a)

Name

WILMINGTON PLC

 

b)

LEI code

 

N/A

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 IN WILMINGTON PLC

 

ISIN: GB0009692319

 

b)

Nature of the transaction

GRANT OF NIL COST AWARD OVER 20,774 SHARES UNDER THE COMPANY'S 2007 PERFORMANCE SHARE PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

20,774

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

 

 

e)

Date of the transaction

 

15 SEPTEMBER 2016

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

 

a)

Name

TONY BAINBRIDGE

 

2.

Reason for the notification

 

a)

Position /status

GROUP HR DIRECTOR

 

b)

Initial notification / amendment

 

INITIAL NOTIFICATION

3.

Details of the Issuer

 

a)

Name

WILMINGTON PLC

 

b)

LEI code

 

N/A

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 IN WILMINGTON PLC

 

ISIN: GB0009692319

 

b)

Nature of the transaction

GRANT OF NIL COST AWARD OVER 18,177 SHARES UNDER THE COMPANY'S 2007 PERFORMANCE SHARE PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil Cost

18,177

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

 

 

e)

Date of the transaction

 

15 SEPTEMBER 2016

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")

 

a)

Name

DANIEL BARTON

 

2.

Reason for the notification

 

a)

Position /status

COMPANY SECRETARY

 

b)

Initial notification / amendment

 

INITIAL NOTIFICATION

3.

Details of the Issuer

 

a)

Name

WILMINGTON PLC

 

b)

LEI code

 

N/A

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 IN WILMINGTON PLC

 

ISIN: GB0009692319

 

b)

Nature of the transaction

GRANT OF MARKET VALUE OPTIONS OVER 14,334 SHARES UNDER THE COMPANY'S 2007 PERFORMANCE SHARE PLAN

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£2.455

14,334

 

 

 

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

 

 

e)

Date of the transaction

 

15 SEPTEMBER 2016

f)

Place of the transaction

 

OUTSIDE A TRADING VENUE

 


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