Wilmington PLC Director/PDMR Shareholding (6097C)

TIDMWIL

RNS Number : 6097C

Wilmington PLC

24 February 2022

Wilmington plc

Director/PDMR Shareholding

On 22 February 2022, nil cost awards over 34,577 ordinary shares in Wilmington plc (the "Company") and options with a per share exercise price of GBP2.42 over 10,905 ordinary shares in the Company were granted under the Wilmington Performance Share Plan 2017 (the "Plan") to employees of the Company and its subsidiaries, of which the following nil cost awards were made to Directors of the Company and other Persons Discharging Managerial Responsibilities ("PDMRs"):

 
 Name of Director/PDMR    Number of shares under the Award 
 Ruth Abdey (PDMR)                                  27,307 
                         ---------------------------------

No consideration was paid for the grant of the awards. The vesting of the awards and options is subject to the satisfaction of performance conditions, which will be assessed over three years. The performance conditions applicable to the awards granted to the PDMR are outlined below:

 
      Final Year EPS                        Extent to which the EPS Performance 
                                             Condition is satisfied 
      21.5 pence or more than 21.5 
       pence                                100% 
                                      ----------------------------------------- 
      More than 18.0 pence but less         On a straight line basis between 
       than 21.5 pence                       25% and 100% 
                                      ----------------------------------------- 
      18.0 pence                            25% 
                                      ----------------------------------------- 
      Less than 18.0 pence                  0% 
                                      ----------------------------------------- 
 
 
      Organic Revenue Growth CAGR          Extent to which the Strategic 
                                            Performance Condition is satisfied 
      9% or more than 9%                   100% 
                                     ----------------------------------------- 
      More than 7% but less than 9%        On a straight line basis between 
                                            25% and 100% 
                                     ----------------------------------------- 
      7%                                   25% 
                                     ----------------------------------------- 
      Less than 7%                         0% 
                                     -----------------------------------------

Underpin Performance Condition

The performance condition will be satisfied if average Return on Capital Employed 'ROCE' over the performance period is at least 10%.

The awards granted to the Executive Directors and other PDMRs are subject to an additional condition that ordinarily all of the shares acquired (after sales to cover tax) must be retained until the second anniversary of the vesting date.

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

For further information, please contact:

Wilmington plc 020 490 0049

Guy Millward

Chief Financial Officer and Company Secretary

Notes to Editors

Wilmington plc is the recognised knowledge leader and partner of choice for data, information, education and training in the global Governance, Risk and Compliance (GRC) markets. Wilmington employs close to 1,000 people and sells to around 120 countries. Wilmington is listed on the main market of the London Stock Exchange.

 
1.  Details of the Person Discharging Managerial Responsibility 
     ("PDMR") / person closely associated with them ("PCA") 
a)  Name                  Ruth Abdey 
2.  Reason for the notification 
a)  Position /status        Chief People Officer 
b)  Initial notification    Initial Notification 
     / amendment 
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       Ordinary Shares in Wilmington plc 
     instrument,            ISIN: GB0009692319 
     type of instrument 
     Identification 
     code 
b)  Nature of the         Grant of award over Ordinary Shares under the 
     transaction           Company's Performance Share Plan 2017 
c)  Price(s) and          Price(s)   Volume(s) 
     volume(s)             Nil Cost   27,307 
d)  Aggregated 
     information            N/A 
     Aggregated 
     volume 
     Price 
e)  Date of the           22 February 2022 
     transaction 
f)  Place of the          Outside a trading venue 
     transaction

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