Wincanton PLC Notification of transaction by PDMRs (2645P)

TIDMWIN

RNS Number : 2645P

Wincanton PLC

25 May 2018

Wincanton plc

('Wincanton' or the 'Group')

Notification of transaction by Persons Discharging Managerial Responsibilities ("PDMRs")

Wincanton announces that it has received due notice of exercise in respect of options granted to Mr Adrian Colman, Chief Executive Officer of the Group, under the Group's 2014 Share Option Plan ("SOP").

A notice was received in respect of 446,715 Ordinary Shares of 10p each ("Ordinary Shares") at the exercise price of GBP1.37 per Ordinary Share. Using net settlement, this has resulted in the transfer of 119,237 Ordinary Shares to Adrian Colman.

Following the transfer, the total beneficial interest of the PDMR and his connected persons in the issued share capital of the Group has increased by the 119,237 Ordinary Shares above, from the existing shareholding of 946,942 Ordinary Shares to a total holding of 1,066,179 Ordinary Shares. This represents 0.86% of the Group's total issued share capital.

 
                                          Exercise           Number of         Number       Number of shares 
                                           Price of           options awarded   of options   receivable after 
                                           options awarded                      exercised    deduction of the 
                                                                                             exercise price, Income 
                                                                                             Tax and National 
                                                                                             Insurance 
Adrian Colman (Chief Executive Officer)   GBP1.37            446,715           446,715      119,237

The Notification of Dealing Forms for the PDMR can be found below. The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
 a)   Name                                  ADRIAN COLMAN 
 2      Reason for the notification 
 a)   Position/status                       CHIEF EXECUTIVE OFFICER          DIRECTOR 
                                              / PDMR 
 b)   Initial notification/Amendment   INITIAL NOTIFICATION 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or 
        auction monitor 
 a)   Name                             WINCANTON PLC 
 b)   LEI                              213800Z5WTW8QKOHWQ82 
 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                   ORDINARY SHARES OF 10p EACH IN 
       the financial                    WINCANTON PLC 
       instrument, type 
       of instrument 
 
                                        ISIN: GB0030329360 
       Identification 
       code 
 b)   Nature of the                    EXERCISE OF OPTIONS OVER 446,715 
       transaction                      ORDINARY SHARES AT AN EXERCISE 
                                        PRICE OF GBP1.37. THE OPTIONS HAVE 
                                        BEEN EXERCISED BY NET SETTLEMENT, 
                                        USING THE MID-MARKET CLOSING PRICE 
                                        ON 22 MAY 2018 OF GBP2.76. 
      Price(s) and                       Price(s)    Volume(s) 
       volume(s)                          GBPNIL      119,237 
 d)   Aggregated information 
 
              *    Aggregate volume     TOTAL NUMBER OF SHARES TRANSFERRED: 
                                        119,237 
 
                                        TOTAL CONSIDERATION OF THE SHARES 
              *    Price                TRANSFERRED: GBPNIL 
 e)   Date of the transaction          22 MAY 2018 
 f)   Place of the                     London Stock Exchange, Main Market 
       transaction

-Ends-

For further information please contact:

Wincanton plc Tel: 01249 710 000

Adrian Colman, Chief Executive Officer

Tim Lawlor, Chief Financial Officer

Buchanan Tel: 020 7466 5000

Richard Oldworth / Victoria Hayns / Maddie Seacombe

Notes to Editors

Wincanton plc

Wincanton is the largest British logistics firm, providing supply chain solutions to some of the world's most admired brands across a wide range of industries including retail, construction, defence and energy.

As a trusted and respected business partner, we design and implement services and solutions that range from setting up and operating distribution networks through to bonded warehouses, technology hosting, container transport and storage. We strive for operational excellence in everything we do.

We work hard to understand and respond to our customers' needs, build long term relationships and use our skills and expertise to deliver a smarter, added value service, every day. Our customers rely on us to make their businesses operate more efficiently and to gain a competitive advantage in their sector.

Improved stock visibility and availability, reduction of lead times, collaborative warehousing and transport models, and an absolute commitment to continuous improvement, are just some of the reasons why many of our customer relationships extend to more than 20 years.

Key facts:

   --      Annual revenue in the UK & Ireland exceeds GBP1.1 billion 
   --      Over 17,700 colleagues including 4,000+ drivers

-- Operates from 200+ locations with 7.6 million square feet of warehousing across the UK and Ireland

   --      Operating responsibility for around 3,600 vehicles

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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