Walker Greenbank PLC
25 May 2007
For immediate release 25 May 2007
WALKER GREENBANK PLC
('Walker Greenbank' or 'the Company')
Director Shareholdings
Walker Greenbank plc (AIM: WGB), the designer, manufacturer and distributor of
furnishing fabrics and wallpapers whose international brands include Sanderson,
Morris & Co, Harlequin and Zoffany, announces that on 24 May 2007 it granted
conditional awards of ordinary shares of 1p each in the Company ('Ordinary
Shares') to its executive directors under its Long-Term Incentive Plan ('LTIP')
based on a closing mid-market price on 24 May 2007 of 53.0 pence per Ordinary
Share.
In accordance with the rules of the LTIP, the Ordinary Shares awarded will vest
four years after the date of grant subject to the Company achieving earnings per
Ordinary Share of 6.55 pence. 75 per cent. of the award will vest if the Company
achieves earnings per Ordinary Share of 6.0 pence and 125 per cent. of the award
will vest if the Company achieves earnings per Ordinary Share of 7.1 pence.
The awards granted under the LTIP on the basis of the Company achieving earnings
per Ordinary Share of 6.55 pence are as follows:
John Duncan Sach 396,226 Ordinary Shares
David Harold Smallridge 283,019 Ordinary Shares
Alan Nigel Dix 226,415 Ordinary Shares
The Remuneration Committee of the Board of Directors believes that yesterday's
award provides a commonality of interest as it reflects returns to the Company's
shareholders.
The executive directors' current shareholdings in the Company are as follows:
John Duncan Sach 590,000 Ordinary Shares
David Harold Smallridge 100,000 Ordinary Shares
Alan Nigel Dix 112,000 Ordinary Shares
For further information:
Walker Greenbank PLC 08708 300077
John Sach, Chief Executive
Julian Wilson, Company Secretary
Teather & Greenwood 020 7426 9000
Tom Hulme
Buchanan Communications 020 7466 5000
Mark Court/Suzanne Brocks
This information is provided by RNS
The company news service from the London Stock Exchange
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