Exercise of LTIP Awards

RNS Number : 6743N

Walker Greenbank PLC

19 May 2015

 

19 May 2015

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

Exercise of LTIP Awards, Director Shareholdings and Total Voting Rights

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Anthology, announces that following the achievement of performance targets, the under mentioned 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 18 May 2015 for nil consideration pursuant to a conditional award made on 18 May 2012. The number of Ordinary Shares which vested is stated after the deduction of tax and National Insurance.

Following the vesting, the Company was informed on 19 May 2015 that the under mentioned executive directors sold a proportion of their Ordinary Shares as set out in the table below.

Executive Director	Net No. of Ordinary Shares vested	No. of Ordinary Shares sold	Resultant interest in Ordinary Shares	% of Total Voting Rights
John Sach	193,012	150,000	1,800,877	2.99
David Smallridge	152,985	125,000	1,161,150	1.93

The Ordinary Shares disposed of by the executive directors as set out above were acquired by existing institutional shareholders at a price of 190p per share.

409,962 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 60,172,521 Ordinary Shares, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury therefore the total number of Ordinary Shares in the Company with voting rights is 60,172,521.

The above figure of 60,172,521 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 and Transparency Rules.

For further information:

Walker Greenbank PLC	[phone]
John Sach, Chief Executive Mike Gant, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc	[phone]
Garry Levin / David Anderson - Nominated Adviser
Henry Reast - Corporate Broking
Buchanan	[phone]
Mark Court / Helen Chan / Sophie Cowles

Notes for editors:

About Walker Greenbank

Walker Greenbank PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers and fabrics together with a wide range of ancillary interior products. The Company's brand portfolio - comprising Sanderson, Morris & Co, Harlequin, Zoffany, Scion and Anthology - spans heritage and contemporary design and its products are sold in more than 85 countries worldwide. The Company derives significant licensing income from the use of its designs in lifestyle products such as bed linen, rugs and tableware.

The Company employs more than 600 people and has showrooms in London, New York, Paris, Amsterdam and Dubai along with partnership showrooms in Moscow and in Shenzhen, China. Its UK manufacturing base, which includes a wallpaper factory in Loughborough and a fabric printing factory in Lancaster, manufactures product both for the Company and for other wallpaper and fabric brands. Continued investment in manufacturing has allowed the Company to offer a wide range of printing techniques.

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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