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WGB Walker Greenbank Plc

76.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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

Walker Greenbank PLC Grant of Awards under LTIP (5877O)

22/08/2017 7:01am

UK Regulatory


Walker Greenbank (LSE:WGB)
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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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(END) Dow Jones Newswires

August 22, 2017 02:01 ET (06:01 GMT)

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