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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWGB
RNS Number : 2738U
Walker Greenbank PLC
21 November 2019
For immediate release 21 November 2019
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 November 2019 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to six PDMRs under the Walker Greenbank PLC 2015 Long Term Incentive Plan (the "LTIP"), based on the closing mid-market price on 20 November 2019 of 77.0 pence per Share. Details of the Awards are set out below:
Name Number of Shares under Award on the basis of achieving the maximum performance targets Lisa Montague, Chief Executive Officer 662,337 ------------------------------- Mike Gant, Chief Financial Officer 377,532 ------------------------------- Mauricio Solojudin, Global Commercial Director 100,108 ------------------------------- Claire Vallis, Creative Director 43,912 ------------------------------- Carla Barnett, Group HR Director 87,825 ------------------------------- Caroline Geary, Company Secretary 17,083 -------------------------------
No payment was required for the grant of the Awards.
In accordance with the rules of the LTIP, which was approved by shareholders at the 2015 AGM, Shares awarded will vest three years after the date of grant subject to the satisfaction of performance conditions. 25% of the award is against a measurement of total shareholder return ("TSR") of the Company against a comparator group of companies chosen from the retail and home goods sector, and 75% of the award is measured against targets set for the financial performance of the Company for the financial year ending 31 January 2022, based on (i) earnings per share, (ii) revenue and (iii) free cash flow measurements, split 25% each. Further details of the performance measures will be set out in the Company's 2020 Annual Report and Accounts.
1. Details of the person discharging managerial responsibilities/person closely associated a) Name Lisa Montague --------------------------------- ------------------------------------ 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 pence each instrument, type of 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 662,337 ---------- --------------------------------- ------------------------------------ d) Aggregated information Not applicable - single transaction --------------------------------- ------------------------------------ e) Date of the transaction 21 November 2019 --------------------------------- ------------------------------------ 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 pence each instrument, type of 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 377,532 ---------- --------------------------------- ------------------------------------ d) Aggregated information Not applicable - single transaction --------------------------------- ------------------------------------ e) Date of the transaction 21 November 2019 --------------------------------- ------------------------------------ f) Place of the transaction Outside a trading venue --------------------------------- ------------------------------------ 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Mauricio Soldujin --------------------------------- ------------------------------------ 2. Reason for the notification ----------------------------------------------------------------------- a) Position/status Global Commercial 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 pence each instrument, type of 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 100,108 ---------- --------------------------------- ------------------------------------ d) Aggregated information Not applicable - single transaction --------------------------------- ------------------------------------ e) Date of the transaction 21 November 2019 --------------------------------- ------------------------------------ f) Place of the transaction Outside a trading venue --------------------------------- ------------------------------------ 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Claire Vallis --------------------------------- ------------------------------------ 2. Reason for the notification ----------------------------------------------------------------------- a) Position/status Creative 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 pence each instrument, type of 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 43,912 ---------- --------------------------------- ------------------------------------ d) Aggregated information Not applicable - single transaction --------------------------------- ------------------------------------ e) Date of the transaction 21 November 2019 --------------------------------- ------------------------------------ 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 pence each instrument, type of 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 87,825 ---------- --------------------------------- ------------------------------------ d) Aggregated information Not applicable - single transaction --------------------------------- ------------------------------------ e) Date of the transaction 21 November 2019 --------------------------------- ------------------------------------ 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 pence each instrument, type of 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 17,083 ---------- --------------------------------- ------------------------------------ d) Aggregated information Not applicable - single transaction --------------------------------- ------------------------------------ e) Date of the transaction 21 November 2019 --------------------------------- ------------------------------------ f) Place of the transaction Outside a trading venue --------------------------------- ------------------------------------
For further information:
Walker Greenbank PLC +44 (0) 20 7466 5000 Lisa Montague, Chief Executive Officer Mike Gant, Chief Financial Officer Caroline Geary, Company Secretary Investec Bank plc (Nominated Adviser and Broker) +44 (0) 20 7597 5970 David Anderson / Alex Wright Henry Reast Buchanan +44 (0) 20 7466 5000 Mark Court / Toto Berger / Charlotte Slater
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 Zoffany, Sanderson, Morris & Co., Harlequin, Scion and Clarke & Clarke.
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 650 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Chicago, Paris, and Dubai.
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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
November 21, 2019 11:10 ET (16:10 GMT)
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