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WGB Walker Greenbank Plc

76.00
0.00 (0.00%)
28 Mar 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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Walker Greenbank PLC Grant of Awards under LTIP (0400F)

11/11/2020 4:57pm

UK Regulatory


TIDMWGB

RNS Number : 0400F

Walker Greenbank PLC

11 November 2020

 
 For immediate release   11 November 2020 
 

WALKER GREENBANK PLC

("Walker Greenbank" or the "Company")

Grant of Awards under LTIP

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces that on 11 November 2020 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to eight persons discharging managerial responsibilities ("PDMR") under the Walker Greenbank PLC 2015 Long Term Incentive Plan (the "LTIP").

Details of the Awards are set out below:

 
 Director/ PDMR                             Number of Shares under Award 
                                           on the basis of achieving the 
                                             maximum performance targets 
 Lisa Montague, Chief Executive 
  Officer                                                        292,500 
                                         ------------------------------- 
 Michael Williamson, Chief Financial 
  Officer                                                        122,757 
                                         ------------------------------- 
 Mauricio Solojudin, Global Commercial 
  Director                                                        68,695 
                                         ------------------------------- 
 Nigel Hunt, Global Marketing 
  & Digital Director                                              64,338 
                                         ------------------------------- 
 Ben Naylor, Group Operations 
  Director                                                        49,632 
                                         ------------------------------- 
 Claire Vallis, Creative Director                                 57,375 
                                         ------------------------------- 
 Carla Barnett, Group HR Director                                 50,222 
                                         ------------------------------- 
 Caroline Geary, Company Secretary                                19,538 
                                         ------------------------------- 
 

To help ensure the participants do not receive potential windfall gains as a result of the impact of COVID-19, a share price of 68.0 pence per Share was used when calculating the grant. This is based on the average share price for the three months prior to 1 March 2020 and for the three months up to 31 October 2020. No payment was required for the grant of the Awards.

The LTIP was approved by shareholders at the 2015 AGM. The Awards are subject to the satisfaction of three performance condition underpins. Two underpins measure the financial performance of the Company by way of Earnings before Interest and Tax (EBIT) and Free Cash Flow over a three year period, ending 31 January 2023. The third underpin is a continuous improvement in sustainability, based on a reduction of carbon footprint and contribution to the UN Sustainable Development Goals.

The Awards for Lisa Montague and Michael Williamson shall vest in three tranches as set out below:

 
 Tranche as a percentage   Normal Vesting Date 
  of the Award              of each tranche of 
                            the Award 
 40%                       11 November 2023 
                          -------------------- 
 30%                       11 November 2024 
                          -------------------- 
 30%                       11 November 2025 
                          -------------------- 
 

The Awards for the other PDMRs shall vest in three tranches as set out below

 
 Tranche as a percentage   Normal Vesting Date 
  of the Award              of each tranche of 
                            the Award 
 40%                       11 November 2023 
                          -------------------- 
 40%                       11 November 2024 
                          -------------------- 
 20%                       11 November 2025 
                          -------------------- 
 

Further details of the performance measures will be set out in the Company's 2021 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                                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 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         292,500 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            11 November 2020 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                               Michael Williamson 
     ---------------------------------  ------------------------------------ 
 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 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         122,757 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            11 November 2020 
     ---------------------------------  ------------------------------------ 
 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                                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 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         68,695 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            11 November 2020 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
     ----------------------------------------------------------------------- 
 a)   Name                               Nigel Hunt 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Global Marketing & Digital 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                                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 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         64,338 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            11 November 2020 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
     ----------------------------------------------------------------------- 
 a)   Name                               Ben Naylor 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Group Operations 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                                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 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         49,632 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            11 November 2020 
     ---------------------------------  ------------------------------------ 
 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                                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 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         57,375 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            11 November 2020 
     ---------------------------------  ------------------------------------ 
 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                                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 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         50,222 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            11 November 2020 
     ---------------------------------  ------------------------------------ 
 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 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         19,538 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            11 December 2019 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 

For further information:

 
 Walker Greenbank PLC                            +44 (0)1895 221068 
 Lisa Montague, Chief Executive Officer 
  Michael Williamson, 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, Anthology, Clarke & Clarke and Studio G.

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 approximately 600 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

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