Walker Greenbank PLC Grant of Awards under LTIP (5877O)
August 22 2017 - 1:01AM
UK Regulatory
TIDMWGB
RNS Number : 5877O
Walker Greenbank PLC
22 August 2017
For release 22 August 2017
WALKER GREENBANK PLC
("Walker Greenbank" or the "Company")
Grant of Awards under LTIP and notification and public
disclosure of transactions by persons discharging managerial
responsibilities ("PDMRs") and persons closely associated with them
in accordance with the Market Abuse Regulations
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings
group, announces that on 21 August 2017 it granted nil-cost options
(the "Awards") over ordinary shares of 1 pence each in the Company
(the "Shares") to five PDMRs under the Walker Greenbank PLC 2015
Long Term Incentive Plan (the "LTIP"), based on the closing
mid-market price on 18 August 2017 of 224.5 pence per Share.
Details of the Awards are set out below:
Name Number of Shares under
Award on the basis of
the Company achieving
the maximum performance
targets
---------------------------- -------------------------
John Sach, Chief Executive
Officer 166,822
---------------------------- -------------------------
Mike Gant, Chief Financial
Officer 132,991
---------------------------- -------------------------
Paul Mullan, Managing
Director - Manufacturing 35,698
---------------------------- -------------------------
Carla Barnett, Group HR
Director 30,938
---------------------------- -------------------------
Caroline Geary, Company
Secretary 13,766
---------------------------- -------------------------
No payment was required for the grant of the Awards.
In accordance with the rules of the LTIP, Shares awarded will
vest three years after the date of grant subject to the
satisfaction of performance conditions. 50% of the award is against
a measurement of total shareholder return ("TSR") of the Company,
and 50% of the award is measured against an earnings per share
target for the Company for its financial year ending 31 January
2020. Further details of the performance targets will be set out in
the Company's 2018 Annual report.
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 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 of 1
instrument, type of pence each
instrument GB0003061511
Identification code
--- ------------------------------- -----------------------------
b) Nature of the transaction Grant of nil cost option
award under the Walker
Greenbank PLC 2015 LTIP.
The award will vest three
years after the date
of grant subject to the
satisfaction of performance
conditions.
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 166,822
---------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- -----------------------------
e) Date of the transaction 21 August 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 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 of 1
instrument, type of pence each
instrument GB0003061511
Identification code
--- ------------------------------- -----------------------------
b) Nature of the transaction Grant of nil cost option
award under the Walker
Greenbank PLC 2015 LTIP.
The award will vest three
years after the date
of grant subject to the
satisfaction of performance
conditions.
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 132,991
---------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- -----------------------------
e) Date of the transaction 21 August 2017
--- ------------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -----------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------------
a) Name Paul Mullan
--- ------------------------------- ----------------------------------
2. Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Managing Director - Manufacturing
--- ------------------------------- ----------------------------------
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 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 of 1
instrument, type of pence each
instrument GB0003061511
Identification code
--- ------------------------------- ----------------------------------
b) Nature of the transaction Grant of nil cost option
award under the Walker
Greenbank PLC 2015 LTIP.
The award will vest three
years after the date
of grant subject to the
satisfaction of performance
conditions.
--- ------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 35,698
---------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- ----------------------------------
e) Date of the transaction 21 August 2017
--- ------------------------------- ----------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ----------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------
a) Name Carla Barnett
--- ------------------------------- -----------------------------
2. Reason for the notification
--- --------------------------------------------------------------
a) Position/status Group HR Director
--- ------------------------------- -----------------------------
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 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 of 1
instrument, type of pence each
instrument GB0003061511
Identification code
--- ------------------------------- -----------------------------
b) Nature of the transaction Grant of nil cost option
award under the Walker
Greenbank PLC 2015 LTIP.
The award will vest three
years after the date
of grant subject to the
satisfaction of performance
conditions.
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 30,938
---------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- -----------------------------
e) Date of the transaction 21 August 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 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 of 1
instrument, type of pence each
instrument GB0003061511
Identification code
--- ------------------------------- -----------------------------
b) Nature of the transaction Grant of nil cost option
award under the Walker
Greenbank PLC 2015 LTIP.
The award will vest three
years after the date
of grant subject to the
satisfaction of performance
conditions.
--- ------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 13,766
---------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- -----------------------------
e) Date of the transaction 21 August 2017
--- ------------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -----------------------------
For further information:
+44 (0) 1895
Walker Greenbank PLC 221068
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
extended with the acquisition of the Clarke & Clarke and Studio
G brands in October 2016.
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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