TIDMWGB
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 Net No. of Resultant % of Total
Director Ordinary Shares Interest in Voting Rights
vested Ordinary Shares
----------- ----------------- ----------------- ---------------
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 Ordinary Shares of 1
instrument, type of pence each
instrument GB0003061511
Identification code
--- ------------------------------- ---------------------------
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 Ordinary Shares of 1
instrument, type of pence each
instrument GB0003061511
Identification code
--- ------------------------------- ---------------------------
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 Ordinary Shares of 1
instrument, type of pence each
instrument GB0003061511
Identification code
--- ------------------------------- ---------------------------
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:
+44 (0) 844 543
Walker Greenbank PLC 4668
John Sach, Chief Executive
Mike Gant, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser +44 (0) 20 7597
and Broker) 5970
Garry Levin / David Anderson /
Alex Wright - Corporate Finance
Henry Reast - Corporate Broking
+44 (0) 20 7466
Buchanan 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
END
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