Directors' Shareholdings

RNS Number : 6568R
Robert Walters PLC
01 March 2019
 

1 March 2019

ROBERT WALTERS PLC

(the "Company")

Directors' Shareholdings

2019 Deferred bonus shares

The Company announces that the Executive Directors listed in the table below have deferred part of their respective annual bonuses for the financial year ended 31 December 2018 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 1 March 2019, the Executive Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2019 and 31 December 2020. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of £5.78 per share, being the purchase price on 1 March 2019.

Directors

Deferred Ordinary Shares

Robert Walters

26,523

Giles Daubeney

23,530

Alan Bannatyne

16,194

Total

66,247

 

The total of 66,247 Ordinary Shares were purchased by the Company on 1 March 2019 at the market price of £5.78 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2019 and half at the end of 31 December 2020.

 

2019 PSP awards

The Company also announces that the following awards were made to the Executive Directors under the 2014 Robert Walters Performance Share Plan on 1 March 2019:

Director

No. of Ordinary Shares awarded

Robert Walters

207,788

Alan Bannatyne

126,872

Total

334,660

 

The awards, which were made in the form of options at nil cost, are subject to performance conditions. Vesting will normally not occur before three years have elapsed.

 

Vesting of deferred bonus shares

The Company was informed on 1 March 2019 of the following transfers of Ordinary Shares pursuant to the vesting of awards previously deferred as part of the Executive Directors' respective bonuses for the financial year ended 31 December 2016 as announced on 15 March 2017 and the financial year ended 31 December 2017 as announced on 1 March 2018 respectively.

Directors

2017 Deferred Ordinary Shares vested

2018 Deferred Ordinary Shares vested

Total Deferred Ordinary Shares vested

Robert Walters

14,695

11,334

26,029

Giles Daubeney

12,989

10,054

23,043

Alan Bannatyne

8,758

6,919

15,677

Total

36,442

28,307

64,749

 

Directors' Shareholdings

There has therefore been an increase in the overall shareholdings of each of the Executive Directors as a result of these dealings and individual shareholdings before and after are set out below:

Director

Shareholding prior to this announcement

% holding  in Company

Shareholding after this announcement

% holding in Company

Robert Walters

2,267,159

3.00

2,293,188

3.03%

Giles Daubeney

1,633,069

2.16

1,656,112

2.19%

Alan Bannatyne

486,283

0.64

501,960

0.66%

 

Robert Walters plc's issued share capital now consists of 79,652,285 Ordinary Shares with voting rights. Robert Walters plc holds 4,074,000 Ordinary Shares in Treasury.

Therefore, the total number of voting rights in Robert Walters plc is 75,578,285.

The above figure of 75,578,285 may be used by shareholders 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, Robert Walters plc under the FSA's Disclosure and Transparency Rules.

Further information

Robert Walters plc

Robert Walters, Chief Executive

Alan Bannatyne, Chief Financial Officer

 

+44 (0) 20 7379 3333

Portland Communications

Steffan Williams

Lauren Gallagher

 

+44 (0) 20 7554 1660

www.robertwalters.com  

APPENDIX

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Robert Walters

2.

Reason for the notification

(a)

Position/status

Chief Executive Officer

(b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer

(a)

Name

Robert Walters plc

(b)

LEI

213800LIE15BDEN3VW43

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 Instrument

Ordinary Shares of 20p each

(b)

Identification code of the Financial Instrument

ISIN Code : GB0008475088

(c)

Nature of the transaction

Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



0p

26,029





(e)

Aggregated information

-            Aggregated volume

-           Price

 

 

26,029 (deferred bonus)

0p

(f)

Date of the transaction

1 March 2019

(g)

Place of the transaction

London Stock Exchange

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Giles Daubeney

2.

Reason for the notification

(a)

Position/status

Deputy Chief Executive Officer

(b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer

(a)

Name

Robert Walters plc

(b)

LEI

213800LIE15BDEN3VW43

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 Instrument

Ordinary Shares of 20p each

(b)

Identification code of the Financial Instrument

ISIN Code : GB0008475088

(c)

Nature of the transaction

Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



0p

23,043





(e)

Aggregated information

-            Aggregated volume

-           Price

 

 

23,043 (deferred bonus)

0p

(f)

Date of the transaction

1 March 2019

(g)

Place of the transaction

London Stock Exchange

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Alan Bannatyne

2.

Reason for the notification

(a)

Position/status

Chief Financial Officer

(b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer

(a)

Name

Robert Walters plc

(b)

LEI

213800LIE15BDEN3VW43

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 Instrument

Ordinary Shares of 20p each

(b)

Identification code of the Financial Instrument

ISIN Code : GB0008475088

(c)

Nature of the transaction

Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



0p

15,677





(e)

Aggregated information

-            Aggregated volume

-           Price

 

 

15,677 (deferred bonus)

0p

(f)

Date of the transaction

1 March 2019

(g)

Place of the transaction

London Stock Exchange

 

 


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