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WGB Walker Greenbank Plc

76.00
0.00 (0.00%)
09 May 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 Vesting of LTIP Awards, Director holdings and TVR (6654P)

30/05/2018 9:45am

UK Regulatory


Walker Greenbank (LSE:WGB)
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From May 2019 to May 2024

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TIDMWGB

RNS Number : 6654P

Walker Greenbank PLC

30 May 2018

 
 For immediate release   30 May 2018 
 

WALKER GREENBANK PLC

("Walker Greenbank" or the "Company")

Vesting of Awards under LTIP, Director Shareholdings

and Total Voting Rights

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces that, following the achievement of performance targets, the undermentioned executive directors and certain other employees have received ordinary shares of 1p each in the Company ("Ordinary Shares") under the terms of the Company's Long-Term Incentive Plan ("LTIP").

The shares vested on 29 May 2018 for nil consideration pursuant to a conditional award made on 26 May 2015. The number of Ordinary Shares which vested is stated after the deduction of tax and National Insurance.

Following the vesting, the undermentioned executive directors' holdings of Ordinary Shares are set out in the table below:

 
 Executive Director     No. of Ordinary    Resultant Interest   % of Total Voting 
                          Shares vested    in Ordinary Shares              Rights 
 John Sach                       20,099             2,016,241               2.84% 
                      -----------------  --------------------  ------------------ 
 Mike Gant                       19,661                87,610               0.12% 
                      -----------------  --------------------  ------------------ 
 

87,994 Ordinary Shares have been issued and allotted under an existing blocklisting in order to satisfy the vesting.

Following the vesting, the Company hereby notifies that, as at the date of this announcement, the Company's issued share capital consists of 70,983,505 Ordinary Shares, with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in Treasury, therefore the total number of Ordinary Shares in the Company with voting rights is 70,983,505

The above figure of 70,983,505 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 
 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                                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          Receipt of Ordinary Shares pursuant 
                                          to a conditional award made 
                                          on 26 May 2015 under the Company's 
                                          LTIP 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         20,099 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            29 May 2018 
     ---------------------------------  ------------------------------------ 
 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                                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          Receipt of Ordinary Shares pursuant 
                                          to a conditional award made 
                                          on 26 May 2015 under the Company's 
                                          LTIP 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         19,661 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            29 May 2018 
     ---------------------------------  ------------------------------------ 
 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          Receipt of Ordinary Shares pursuant 
                                          to a conditional award made 
                                          on 26 May 2015 under the Company's 
                                          LTIP 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         3,713 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            29 May 2018 
     ---------------------------------  ------------------------------------ 
 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          Receipt of Ordinary Shares pursuant 
                                          to a conditional award made 
                                          on 26 May 2015 under the Company's 
                                          LTIP 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         1,682 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            29 May 2018 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 

For further information:

 
 Walker Greenbank PLC                          +44 (0) 1895 221068 
 John Sach, Chief Executive 
  Mike Gant, Chief Financial Officer 
 Caroline Geary, Company Secretary 
 
 Investec Bank plc (Nominated Adviser and 
  Broker)                                      +44 (0) 20 7597 5970 
 Garry Levin / David Anderson / Alex Wright 
  - Corporate Finance 
 Henry Reast - Corporate Broking 
 
 Buchanan                                      +44 (0) 20 7466 5000 
 Mark Court / Sophie Wills / 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, Anthology, 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, Chicago, Paris, Amsterdam and Dubai along with a partnership showroom 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 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.

END

MSCVBLBXVEFZBBF

(END) Dow Jones Newswires

May 30, 2018 04:45 ET (08:45 GMT)

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