Wincanton Plc Disclosure Section 430(2B) Companies Act 2006

 
TIDMWIN 
 
1 March 2022 
 
LEI: 
213800Z5WTW8QKOHWQ82 
 
                           WINCANTON PLC ("Company") 
 
       Disclosure pursuant to section 430(2B) of the Companies Act 2006 
 
                           in respect of Tim Lawlor 
 
As announced on 16 November 2021, Tim Lawlor stepped down as a Director and 
Chief Financial Officer of the Company on 28 February 2022. He will continue to 
be employed by the Company until 18 March 2022. 
 
As required by the provisions of section 430(2B) of the Companies Act 2006, 
details of the remuneration payments made or to be made to Mr Lawlor are set 
out below and are available on the Company's website. All elements of 
remuneration are in line with the Company's shareholder approved Directors' 
Remuneration Policy. 
 
Salary, pension & benefits 
 
No payment in lieu of notice will be made. 
 
Mr Lawlor will continue to receive his contractual salary, pension and benefits 
until 18 March 2022. He will also receive payment in respect of accrued holiday 
entitlement (less all necessary deductions). 
 
FY22 Annual Bonus Plan ("Bonus") and Deferred Annual Bonus 
 
As a leaver due to resignation, Mr Lawlor will not be eligible to receive a 
Bonus for the financial year ending 31 March 2022.Unvested Deferred Annual 
Bonus awards (relating to the FY20 and FY21 Bonus) will lapse in full. 
 
Long-Term Incentive Plan ("LTIP") 
 
Unvested awards under the LTIP (2019, 2020 and 2021 LTIP) will lapse in full. 
 
Post-employment shareholding requirements 
 
Following termination of employment, Mr Lawlor will be subject to a 
post-cessation shareholding requirement equivalent to 150% of his salary (or 
the actual shareholding excluding personal investment on cessation, if lower) 
for one year post-cessation of his role as an Executive Director.This guideline 
applies to shares which vested following 1 April 2020. He will therefore be 
required to hold vested shares (net of tax) relating to the 2017 LTIP (38,254 
shares) and the 2018 LTIP (22,859 shares) until 28 February 2023. 
 
Other than the payments described above, no other remuneration payment or 
payment for loss of office has been or will be paid to Mr Lawlor. 
 
Details of all payments made to, and receivable by, Mr Lawlor will be disclosed 
in the Directors' Remuneration Report contained in Wincanton's Annual Report 
and Accounts for the financial year ending 31 March 2022. 
 
For further information please contact: 
 
Wincanton Plc 
                                                                        Tel: 
+44 12 4971 0000 
Lyn Colloff, Company Secretary 
 
Headland 
 
Tel: +44 20 3805 4822 
Susanna Voyle/ Henry Wallers 
E: wincanton@headlandconsultancy.com 
 
 
Notes to Editors: 
 
About Wincanton 
 
Wincanton is a leading British supply chain solutions company. The Group 
provides business critical services including storage, handling and 
distribution; high volume eFulfilment; retailer 'dark stores'; two-person home 
delivery; fleet and transport management; and network optimisation for many of 
the UK's best-known companies. 
 
It is active across a range of markets including food and consumer goods; 
retail and manufacturing; eCommerce; the public sector; major infrastructure; 
building materials; fuel; and defence. With almost 100 years' heritage, 
Wincanton's 20,000-strong team operates from more than 200 sites across the 
country, utilising 3,500 vehicles. 
 
 
 
END

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March 01, 2022 06:41 ET (11:41 GMT)

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