Director/PDMR Shareholding

RNS Number : 0254V

Robert Walters PLC

13 April 2016

 

13 April 2016

ROBERT WALTERS PLC

(the "Company")

Directors' Shareholdings

2013 vesting

The Company was informed on 12 April 2016 of the following dealings by certain Directors in ordinary shares of 20p each of the Company ("Ordinary Shares").

These dealings were pursuant to the vesting of awards under the Robert Walters Long Term Incentive Plan ("LTIP") on 11 April 2016.  Pursuant to instructions given by the relevant Directors on the dates set out below, a fixed proportion of the awards were sold on 12 April 2016 to satisfy the associated tax obligations arising upon the vesting of the Ordinary Shares.

Director	Date of trading instruction	Number of Awards exercised	Exercise price (p)	Number of shares sold	Sale price (p)	Net increase in shareholdings
Robert Walters	1/3/2016	382,435	0	180,286	317	202,149
Giles Daubeney	24/2/2016	318,074	0	149,945	317	168,129
Alan Bannatyne	22/2/2016	230,498	0	108,661	317	121,837

There has therefore been an increase in the overall shareholdings of each of the 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	2,317,781	3.00	2,519,930	3.26
Giles Daubeney	1,639,113	2.12	1,807,242	2.34
Alan Bannatyne	302,410	0.39	424,247	0.55

2016 awards

The Company also announces that the following awards were made to certain Directors under the 2014 Robert Walters Performance Share Plan on 10 March 2016:

Director	No. of Robert Walters ordinary shares comprised in the award
Robert Walters	339,550
Giles Daubeney	301,219
Alan Bannatyne	207,295
Total	848,064

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.

Robert Walters plc's issued share capital consists of 86,314,569 Ordinary Shares with voting rights. Robert Walters plc holds 8,922,900 Ordinary Shares in Treasury.

Therefore, the total number of voting rights in Robert Walters plc is 77,391,669.

The above figure of 77,391,669 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.

Enquiries:

Robert Walters plc

Robert Walters, Chief Executive

Alan Bannatyne, Chief Financial Officer                                [phone]

Newgate Communications

Steffan Williams

Madeleine Palmstierna                                                          [phone]

 

END

 

 

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