TIDMWGB

RNS Number : 2738U

Walker Greenbank PLC

21 November 2019

 
 For immediate release   21 November 2019 
 

WALKER GREENBANK PLC

("Walker Greenbank" or the "Company")

Grant of Awards under LTIP and notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them in accordance with the Market Abuse Regulations

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces that on 21 November 2019 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to six PDMRs under the Walker Greenbank PLC 2015 Long Term Incentive Plan (the "LTIP"), based on the closing mid-market price on 20 November 2019 of 77.0 pence per Share. Details of the Awards are set out below:

 
 Name                                     Number of Shares under Award 
                                           on the basis of achieving the 
                                           maximum performance targets 
 Lisa Montague, Chief Executive 
  Officer                                                        662,337 
                                         ------------------------------- 
 Mike Gant, Chief Financial Officer                              377,532 
                                         ------------------------------- 
 Mauricio Solojudin, Global Commercial 
  Director                                                       100,108 
                                         ------------------------------- 
 Claire Vallis, Creative Director                                 43,912 
                                         ------------------------------- 
 Carla Barnett, Group HR Director                                 87,825 
                                         ------------------------------- 
 Caroline Geary, Company Secretary                                17,083 
                                         ------------------------------- 
 

No payment was required for the grant of the Awards.

In accordance with the rules of the LTIP, which was approved by shareholders at the 2015 AGM, Shares awarded will vest three years after the date of grant subject to the satisfaction of performance conditions. 25% of the award is against a measurement of total shareholder return ("TSR") of the Company against a comparator group of companies chosen from the retail and home goods sector, and 75% of the award is measured against targets set for the financial performance of the Company for the financial year ending 31 January 2022, based on (i) earnings per share, (ii) revenue and (iii) free cash flow measurements, split 25% each. Further details of the performance measures will be set out in the Company's 2020 Annual Report and Accounts.

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                               Lisa Montague 
     ---------------------------------  ------------------------------------ 
 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                                n/a 
     ---------------------------------  ------------------------------------ 
 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          Grant of nil cost option award 
                                          under the Walker Greenbank PLC 
                                          2015 LTIP. The award will vest 
                                          three years after the date of 
                                          grant subject to the satisfaction 
                                          of performance conditions. 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         662,337 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            21 November 2019 
     ---------------------------------  ------------------------------------ 
 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                                n/a 
     ---------------------------------  ------------------------------------ 
 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          Grant of nil cost option award 
                                          under the Walker Greenbank PLC 
                                          2015 LTIP. The award will vest 
                                          three years after the date of 
                                          grant subject to the satisfaction 
                                          of performance conditions. 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         377,532 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            21 November 2019 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                Mauricio Soldujin 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Global Commercial 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                                n/a 
     ---------------------------------  ------------------------------------ 
 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          Grant of nil cost option award 
                                          under the Walker Greenbank PLC 
                                          2015 LTIP. The award will vest 
                                          three years after the date of 
                                          grant subject to the satisfaction 
                                          of performance conditions. 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         100,108 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            21 November 2019 
     ---------------------------------  ------------------------------------ 
 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                                n/a 
     ---------------------------------  ------------------------------------ 
 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          Grant of nil cost option award 
                                          under the Walker Greenbank PLC 
                                          2015 LTIP. The award will vest 
                                          three years after the date of 
                                          grant subject to the satisfaction 
                                          of performance conditions. 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         43,912 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            21 November 2019 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
     ----------------------------------------------------------------------- 
 a)   Name                               Carla Barnett 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Group HR 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                                n/a 
     ---------------------------------  ------------------------------------ 
 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          Grant of nil cost option award 
                                          under the Walker Greenbank PLC 
                                          2015 LTIP. The award will vest 
                                          three years after the date of 
                                          grant subject to the satisfaction 
                                          of performance conditions. 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         87,825 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            21 November 2019 
     ---------------------------------  ------------------------------------ 
 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                                n/a 
     ---------------------------------  ------------------------------------ 
 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          Grant of nil cost option award 
                                          under the Walker Greenbank PLC 
                                          2015 LTIP. The award will vest 
                                          three years after the date of 
                                          grant subject to the satisfaction 
                                          of performance conditions. 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         17,083 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            21 November 2019 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 

For further information:

 
 Walker Greenbank PLC                           +44 (0) 20 7466 5000 
 Lisa Montague, Chief Executive Officer 
  Mike Gant, Chief Financial Officer 
 Caroline Geary, Company Secretary 
 
 Investec Bank plc (Nominated Adviser and 
  Broker)                                       +44 (0) 20 7597 5970 
 David Anderson / Alex Wright 
 Henry Reast 
 
 Buchanan                                       +44 (0) 20 7466 5000 
 Mark Court / Toto Berger / Charlotte Slater 
 

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 Zoffany, Sanderson, Morris & Co., Harlequin, Scion and Clarke & Clarke.

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 650 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Chicago, Paris, and Dubai.

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

DSHCKDDKABDDODB

(END) Dow Jones Newswires

November 21, 2019 11:10 ET (16:10 GMT)

Sanderson Design (LSE:SDG)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Sanderson Design.
Sanderson Design (LSE:SDG)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Sanderson Design.