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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Walker Greenbank Plc | LSE:WGB | London | Ordinary Share | GB0003061511 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 76.00 | 74.00 | 78.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMWGB
RNS Number : 8500Q
Walker Greenbank PLC
02 December 2016
For immediate release 2 December 2016
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 1 December 2016 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 30 November 2016 of 204.5 pence per Share. Details of the Awards are set out below:
Hot Features
Premium
Name Number of Shares under
Award on the basis of
the Company achieving
the maximum performance
targets
---------------- -------------------------
John Sach 171,132
---------------- -------------------------
Mike Gant 167,395
---------------- -------------------------
Fiona Holmes 103,075
---------------- -------------------------
Paul Mullan 39,267
---------------- -------------------------
Caroline Geary 15,142
---------------- -------------------------
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 against a comparator group of AIM companies ranked by market capitalisation as at 1 December 2016, and 50% of the award is measured against an earnings per share target for the Company for its financial year ending 31 January 2019. Further details of the performance targets will be set out in the Company's 2017 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 171,132
---------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- -----------------------------
e) Date of the transaction 1 December 2016
--- ------------------------------- -----------------------------
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 167,395
---------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- -----------------------------
e) Date of the transaction 1 December 2016
--- ------------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -----------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------
a) Name Fiona Holmes
--- ------------------------------- -----------------------------
2. Reason for the notification
--- --------------------------------------------------------------
a) Position/status Managing Director - Brands
--- ------------------------------- -----------------------------
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 103,075
---------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- -----------------------------
e) Date of the transaction 1 December 2016
--- ------------------------------- -----------------------------
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 39,267
---------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- ----------------------------------
e) Date of the transaction 1 December 2016
--- ------------------------------- ----------------------------------
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 15,142
---------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- ----------------------------------
e) Date of the transaction 1 December 2016
--- ------------------------------- ----------------------------------
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
DSHAKBDDNBDDQBK
(END) Dow Jones Newswires
December 02, 2016 08:20 ET (13:20 GMT)
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