16:57 Wed 11 Nov 2020
Walker Greenbank - Grant of Awards under LTIP
| For immediate release | |
WALKER GREENBANK PLC
("Walker Greenbank" or the "Company")
Grant of Awards under LTIP
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces that on
Details of the Awards are set out below:
| Director/ PDMR | Number of Shares under Award on the basis of achieving the maximum performance targets |
| | 292,500 |
| | 122,757 |
| Mauricio Solojudin, Global Commercial Director | 68,695 |
| | 64,338 |
| | 49,632 |
| | 57,375 |
| | 50,222 |
| | 19,538 |
To help ensure the participants do not receive potential windfall gains as a result of the impact of COVID-19, a share price of
The LTIP was approved by shareholders at the 2015 AGM. The Awards are subject to the satisfaction of three performance condition underpins. Two underpins measure the financial performance of the Company by way of Earnings before Interest and Tax (EBIT) and Free Cash Flow over a three year period, ending
The Awards for
| Tranche as a percentage of the Award | Normal Vesting Date of each tranche of the Award |
| 40% | |
| 30% | |
| 30% | |
The Awards for the other PDMRs shall vest in three tranches as set out below
| Tranche as a percentage of the Award | Normal Vesting Date of each tranche of the Award |
| 40% | |
| 40% | |
| 20% | |
Further details of the performance measures will be set out in the Company's 2021 Annual Report and Accounts.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | | ||||
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
GB0003061511 | ||||
| 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)
|
| ||||
| d) | Aggregated information
| Not applicable - single transaction | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | | ||||
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
GB0003061511 | ||||
| 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)
|
| ||||
| d) | Aggregated information
| Not applicable - single transaction | ||||
| e) | Date of the transaction | | ||||
| 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 | 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
GB0003061511 | ||||
| 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)
|
| ||||
| d) | Aggregated information
| Not applicable - single transaction | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| |
| |||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | | ||||
2. | Reason for the notification | |||||
| a) | Position/status | Global Marketing & Digital 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
GB0003061511 | ||||
| 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)
|
| ||||
| d) | Aggregated information
| Not applicable - single transaction | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| |
| |||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | | ||||
2. | Reason for the notification | |||||
| a) | Position/status | Group Operations 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
GB0003061511 | ||||
| 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)
|
| ||||
| d) | Aggregated information
| Not applicable - single transaction | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | | ||||
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
GB0003061511 | ||||
| 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)
|
| ||||
| d) | Aggregated information
| Not applicable - single transaction | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| |
| |||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | | ||||
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 | 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
GB0003061511 | ||||
| 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)
|
| ||||
| d) | Aggregated information
| Not applicable - single transaction | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
|
|
|
| ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | | ||||
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
GB0003061511 | ||||
| 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)
|
| ||||
| d) | Aggregated information
| Not applicable - single transaction | ||||
| e) | Date of the transaction | | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
For further information:
| Walker Greenbank PLC | +44 (0)1895 221068 |
| | |
| | |
| | |
| Investec Bank plc (Nominated Adviser and Broker) | +44 (0) 20 7597 5970 |
| | |
| | |
| | |
| Buchanan | +44 (0) 20 7466 5000 |
| Mark Court / | |
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, Anthology, Clarke & Clarke and Studio G.
The Company has a strong
Walker Greenbank employs approximately 600 people and its products are sold in more than 85 countries worldwide. It has showrooms in
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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