Exercise of LTIP Awards

RNS Number : 2535E

Walker Greenbank PLC

28 May 2012

 



For immediate release

28 May 2012

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

Exercise of LTIP Awards, Director Shareholdings and Total Voting Rights

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co, Harlequin, Zoffany and Scion, announces that, following the achievement of performance targets, 1,001,546 ordinary shares of 1p each in the Company ("Ordinary Shares") vested to its executive directors and certain employees under its Long-Term Incentive Plan ("LTIP").  The number of Ordinary Shares which vested is after deduction of tax and National Insurance.

Following this vesting of Ordinary Shares under the LTIP, the Company was informed on 28 May 2012 that each of the executive directors sold a proportion of their Ordinary Shares as set out in the table below:

Executive Director	No of Ordinary Shares Vested	No of Ordinary Shares sold	Price	No of Ordinary Shares retained	Resultant interest in Ordinary Shares	% of total voting rights
John Sach	356,910	178,000	70.19p	178,910	1,510,015	2.56
Alan Dix	133,840	66,000	70.19p	67,840	634,174	1.07
David Smallridge	267,682	133,000	70.19p	134,682	864,416	1.46

Of those shares disposed of by the executive directors as set out above, in aggregate, 235,000 Ordinary Shares were acquired by institutional shareholders and 142,000 Ordinary Shares were acquired by the Company's Employee Benefit Trust at the closing mid-market price of 70.5p on 25 May 2012 to satisfy future LTIP awards to directors and employees.

The Company's issued ordinary share capital with voting rights remains 59,006,162 Ordinary Shares and this figure is to be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in Walker Greenbank under the FSA's Disclosure and Transparency Rules.

For further information:

Walker Greenbank PLC	[phone]
John Sach, Chief Executive
Caroline Geary, Company Secretary
Seymour Pierce	[phone]
Mark Percy / Catherine Leftley - Nominated Adviser
Katie Ratner - Corporate Broking
Buchanan	[phone]
Mark Court / Sophie Cowles

 

END

 

 

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