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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 : 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/
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November 11, 2020 11:57 ET (16:57 GMT)
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