Directors' Shareholdings

RNS Number : 2077F

Robert Walters PLC

05 March 2020

 

5 March 2020

ROBERT WALTERS PLC

(the "Company")

Directors' Shareholdings

2020 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 2019 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 3 March 2020, the Executive Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2020 and 31 December 2021. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of £4.89 per share, being the purchase price on 4 March 2020.

Directors	Deferred Ordinary Shares
Robert Walters	6,800
Alan Bannatyne	4,160
Total	10,960

The total of 10,960 Ordinary Shares were purchased by the Company on 4 March 2020 at the market price of £4.89 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2020 and half at the end of 31 December 2021.

2020 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 3 March 2020:

Director	No. of Ordinary Shares awarded
Robert Walters	194,346
Alan Bannatyne	118,659
Total	313,005

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 3 March 2020 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 2017 as announced on 5 March 2018 and the financial year ended 31 December 2018 as announced on 1 March 2019 respectively.

Directors	2018 Deferred Ordinary Shares vested	2019 Deferred Ordinary Shares vested	Total Deferred Ordinary Shares vested
Robert Walters	11,333	13,261	24,594
Alan Bannatyne	6,919	8,097	15,016
Total	18,252	21,358	39,610

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	2,452,567	3.22	2,477,161	3.25
Alan Bannatyne	585,804	0.77	600,820	0.78

Robert Walters plc's issued share capital now consists of 80,131,955 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 76,057,955.

The above figure of 76,057,955 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 Simon Hamer	[phone]

www.robertwaltersgroup.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.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0p	24,594
(e)	Aggregated information -  Aggregated volume -   Price	24,594 (deferred bonus) 0p
(f)	Date of the transaction	3 March 2020
(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.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0p	15,016
(e)	Aggregated information -  Aggregated volume -   Price	15,016 (deferred bonus) 0p
(f)	Date of the transaction	3 March 2020
(g)	Place of the transaction	London Stock Exchange

 

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