Directors' Shareholdings

RNS Number : 6568R

Robert Walters PLC

01 March 2019

 

1 March 2019

ROBERT WALTERS PLC

(the "Company")

Directors' Shareholdings

2019 Deferred bonus shares

The Company announces that the Executive Directors listed in the table below have deferred part of their respective annual bonuses for the financial year ended 31 December 2018 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 1 March 2019, the Executive Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2019 and 31 December 2020. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of £5.78 per share, being the purchase price on 1 March 2019.

Directors	Deferred Ordinary Shares
Robert Walters	26,523
Giles Daubeney	23,530
Alan Bannatyne	16,194
Total	66,247

The total of 66,247 Ordinary Shares were purchased by the Company on 1 March 2019 at the market price of £5.78 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2019 and half at the end of 31 December 2020.

2019 PSP awards

The Company also announces that the following awards were made to the Executive Directors under the 2014 Robert Walters Performance Share Plan on 1 March 2019:

Director	No. of Ordinary Shares awarded
Robert Walters	207,788
Alan Bannatyne	126,872
Total	334,660

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.

Vesting of deferred bonus shares

The Company was informed on 1 March 2019 of the following transfers of Ordinary Shares pursuant to the vesting of awards previously deferred as part of the Executive Directors' respective bonuses for the financial year ended 31 December 2016 as announced on 15 March 2017 and the financial year ended 31 December 2017 as announced on 1 March 2018 respectively.

Directors	2017 Deferred Ordinary Shares vested	2018 Deferred Ordinary Shares vested	Total Deferred Ordinary Shares vested
Robert Walters	14,695	11,334	26,029
Giles Daubeney	12,989	10,054	23,043
Alan Bannatyne	8,758	6,919	15,677
Total	36,442	28,307	64,749

Directors' Shareholdings

There has therefore been an increase in the overall shareholdings of each of the Executive 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	2,267,159	3.00	2,293,188	3.03%
Giles Daubeney	1,633,069	2.16	1,656,112	2.19%
Alan Bannatyne	486,283	0.64	501,960	0.66%

Robert Walters plc's issued share capital now consists of 79,652,285 Ordinary Shares with voting rights. Robert Walters plc holds 4,074,000 Ordinary Shares in Treasury.

Therefore, the total number of voting rights in Robert Walters plc is 75,578,285.

The above figure of 75,578,285 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.

Further information

Robert Walters plc Robert Walters, Chief Executive Alan Bannatyne, Chief Financial Officer	[phone]
Portland Communications Steffan Williams Lauren Gallagher	[phone]

www.robertwalters.com  

APPENDIX

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Robert Walters
2.	Reason for the notification
(a)	Position/status	Chief Executive Officer
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Robert Walters plc
(b)	LEI	213800LIE15BDEN3VW43
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	Ordinary Shares of 20p each
(b)	Identification code of the Financial Instrument	ISIN Code : GB0008475088
(c)	Nature of the transaction	Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0p	26,029
(e)	Aggregated information -            Aggregated volume -           Price	26,029 (deferred bonus) 0p
(f)	Date of the transaction	1 March 2019
(g)	Place of the transaction	London Stock Exchange
1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Giles Daubeney
2.	Reason for the notification
(a)	Position/status	Deputy Chief Executive Officer
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Robert Walters plc
(b)	LEI	213800LIE15BDEN3VW43
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	Ordinary Shares of 20p each
(b)	Identification code of the Financial Instrument	ISIN Code : GB0008475088
(c)	Nature of the transaction	Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0p	23,043
(e)	Aggregated information -            Aggregated volume -           Price	23,043 (deferred bonus) 0p
(f)	Date of the transaction	1 March 2019
(g)	Place of the transaction	London Stock Exchange

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Alan Bannatyne
2.	Reason for the notification
(a)	Position/status	Chief Financial Officer
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Robert Walters plc
(b)	LEI	213800LIE15BDEN3VW43
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	Ordinary Shares of 20p each
(b)	Identification code of the Financial Instrument	ISIN Code : GB0008475088
(c)	Nature of the transaction	Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0p	15,677
(e)	Aggregated information -            Aggregated volume -           Price	15,677 (deferred bonus) 0p
(f)	Date of the transaction	1 March 2019
(g)	Place of the transaction	London Stock Exchange

 

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