Source - RNS
RNS Number : 7590G
Walker Greenbank PLC
31 May 2017
 

For immediate release

31 MAY 2017

 

 

WALKER GREENBANK PLC

("Walker Greenbank" or the "Company")

 

 

Vesting of Awards under LTIP, Director Shareholdings

and Total Voting Rights

 

 

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces that, following the achievement of performance targets, the undermentioned executive directors and certain other employees have received ordinary shares of 1p each in the Company ("Ordinary Shares") under the terms of the Company's Long-Term Incentive Plan ("LTIP").

The shares vested on 31 May 2017 for nil consideration pursuant to a conditional award made on 29 May 2014. The number of Ordinary Shares which vested is stated after the deduction of tax and National Insurance.

Following the vesting, the undermentioned executive directors' holdings of Ordinary Shares are set out in the table below:

Executive Director

Net No. of Ordinary Shares vested

Resultant Interest in Ordinary Shares

% of Total Voting Rights

John Sach

56,322

1,996,142

2.86%

Mike Gant

50,844

67,949

0.10%

 

227,247 Ordinary Shares have been issued and allotted under an existing blocklisting in order to satisfy the vesting.

Following the vesting, the Company hereby notifies that, as at the date of this announcement, the Company's issued share capital consists of 69,551,678 Ordinary Shares, with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in Treasury, therefore the total number of Ordinary Shares in the Company with voting rights is 69,551,678.

The above figure of 69,551,678 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.


 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Sach

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

Walker Greenbank PLC

b)

LEI

213800A8K2WOUZJIQL93

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 1 pence each

 

GB0003061511

b)

Nature of the transaction

Receipt of Ordinary Shares pursuant to a conditional award made on 29 May 2014 under the Company's LTIP

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

56,322

d)

Aggregated information

 

 

Not applicable - single transaction

e)

Date of the transaction

31 May 2017

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mike Gant

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

Walker Greenbank PLC

b)

LEI

213800A8K2WOUZJIQL93

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 1 pence each

 

GB0003061511

b)

Nature of the transaction

Receipt of Ordinary Shares pursuant to a conditional award made on 29 May 2014 under the Company's LTIP

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

50,844

d)

Aggregated information

 

 

Not applicable - single transaction

e)

Date of the transaction

31 May 2017

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Caroline Geary

2.

Reason for the notification

a)

Position/status

Company Secretary

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Walker Greenbank PLC

b)

LEI

213800A8K2WOUZJIQL93

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 1 pence each

 

GB0003061511

b)

Nature of the transaction

Receipt of Ordinary Shares pursuant to a conditional award made on 29 May 2014 under the Company's LTIP

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

3,336

d)

Aggregated information

 

 

Not applicable - single transaction

e)

Date of the transaction

31 May 2017

f)

Place of the transaction

Outside a trading venue

 

For further information:

 

Walker Greenbank PLC

+44 (0) 844 543 4668

John Sach, Chief Executive

Mike Gant, Chief Financial Officer 


Caroline Geary, Company Secretary




Investec Bank plc (Nominated Adviser and Broker)

+44 (0) 20 7597 5970

Garry Levin / David Anderson / Alex Wright - Corporate Finance


Henry Reast - Corporate Broking




Buchanan

+44 (0) 20 7466 5000

Mark Court / Sophie Cowles / Catriona Flint


 

Notes for editors:

 

About Walker Greenbank

 

Walker Greenbank PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives significant licensing income from the use of its designs on a wide range of interior products such as bed linen, rugs and tableware.

 

Walker Greenbank's brands include Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology. The brand portfolio was recently extended with the acquisition in October 2016 of the Clarke & Clarke and Studio G brands.

 

The Company has a strong UK manufacturing base comprising a wallpaper factory in Loughborough and a fabric printing factory in Lancaster. Both factories manufacture for the Company and for other wallpaper and fabric brands.

 

Walker Greenbank employs more than 600 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Paris, Amsterdam and Dubai along with partnership showrooms in Moscow and in Shenzhen, China.

 

Walker Greenbank trades on the AIM market of the London Stock Exchange under the ticker symbol WGB.

 

For further information please visit: www.walkergreenbank.com/


This information is provided by RNS
The company news service from the London Stock Exchange
 
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