Vesting of LTIP Awards, Director holdings and TVR

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 Shares vested	Resultant Interest in Ordinary Shares	% of Total Voting 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 instrument, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
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 instrument, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
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 instrument, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
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 instrument, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
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	[phone]
John Sach, Chief Executive Mike Gant, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser and Broker)	[phone]
Garry Levin / David Anderson / Alex Wright - Corporate Finance
Henry Reast - Corporate Broking
Buchanan	[phone]
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/

 

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