Director Dealings and Issue of Equity

RNS Number : 9058C

WANdisco Plc

03 October 2018

 

3 October 2018

WANdisco plc

("WANdisco" or the "Company")

Director Dealings and Issue of Equity

WANdisco plc (LSE: WAND, the "Company" or "WANdisco"), the Live Data company, announced that on 2 October 2018, Mr. David Richards, the Company's Chairman and CEO, was awarded 241,037 Restricted Stock Units ("RSUs") vesting in two years and 18,123 RSUs vesting in three years, both at 10p each. Mr. Yeturu Aahlad, a director of the Company, was also awarded 241,037 RSUs vesting in two years and 18,123 RSUs vesting in three years, both at 10p each. 

On 1 October 2018, the Company was informed that Mr. Erik E. Miller, the Company's CFO, purchased 5,000 shares of the Company's Ordinary Stock on the open market at an average price of 650p each, and on 2 October 2018, Mr. Miller exercised 7,124 RSUs of 10p each for cash. Following these transactions, Mr. Miller now has a beneficial interest of 22,124 Ordinary Shares, representing approximately 0.05% of the Company's issued share capital.  Additionally, on 2 October 2018, Mr. Miller was awarded an additional 18,123 RSUs at 10p each vesting in 3 years. 

The Company's Remuneration Committee has approved the awards and regards long term incentives as an important part of the remuneration of executives to align them with shareholder interests.

The following represents the Company's open market purchases and transactions in RSUs under the Company's Long Term Incentive Plan:

Director	Date/Type of Transaction	Amount, class of securities and price
David Richards, Chairman, President, CEO and Co-founder	2 October 2018 / Grant	18,123 Restricted Stock Units (ordinary shares) of 0.10p each
David Richards, Chairman, President, CEO and Co-founder	2 October 2018 / Grant	241,037 Restricted Stock Units (ordinary shares) of 0.10p each
Erik E Miller, CFO	1 October 2018 / Open market purchase	5,000 ordinary shares at 650p per share
Erik E. Miller, CFO	2 October 2018 / Exercise & hold	7,124 Restricted Stock Units (ordinary shares) of 0.10p each
Erik E. Miller, CFO	2 October 2018 / Grant	18,123 Restricted Stock Units (ordinary shares) 0.10p each
Yeturu Aahlad, Board Member	2 October 2018 / Grant	18,123 Restricted Stock Units (ordinary shares) 0.10p each
Yeturu Aahlad, Board Member	2 October 2018 / Grant	241,037 Restricted Stock Units (ordinary shares) of 0.10p each

For further information, please contact:

WANdisco plc	via FTI Consulting
David Richards, Chief Executive Officer and Chairman
Erik Miller, Chief Financial Officer
FTI Consulting	[phone]
Matt Dixon / Harry Staight / Chris Birt / Kwaku Aning
Stifel (Joint Broker and Nomad)	[phone]
Fred Walsh / Neil Shah / Alex Price / Rajpal Padam
Peel Hunt (Joint Broker)	[phone]
Edward Knight / Nick Prowting
WH Ireland Limited (Joint Broker)	[phone]
Adam Pollock / Tim Feather

About WANdisco

WANdisco is shaping the future of data infrastructure with its groundbreaking Live Data platform, enabling companies to put all their data to work for the business - all the time, at any scale.

WANdisco makes data always available, always accurate, and always protected, delivering hyperscale economics to support exponential data growth with the same IT budget. With significant OEM relationships with IBM and Dell EMC and go-to-market partnerships with Amazon Web Services, Cisco, Microsoft Azure, Google Cloud, Hewlett Packard Enterprise, Oracle and other industry titans - as well as hundreds of customers among the Global 2000 - WANdisco is igniting a Live Data movement worldwide.

For additional information, please visit www.wandisco.com 

 

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