Grant of Awards under LTIP

RNS Number : 2738U

Walker Greenbank PLC

21 November 2019

 

For immediate release

21 November 2019

WALKER GREENBANK PLC

("Walker Greenbank" or the "Company")

Grant of Awards under LTIP and notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them in accordance with the Market Abuse Regulations

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces that on 21  November 2019 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to six PDMRs under the Walker Greenbank PLC 2015 Long Term Incentive Plan (the "LTIP"), based on the closing mid-market price on 20 November 2019 of 77.0 pence per Share. Details of the Awards are set out below:

Name	Number of Shares under Award on the basis of achieving the maximum performance targets
Lisa Montague, Chief Executive Officer	662,337
Mike Gant, Chief Financial Officer	377,532
Mauricio Solojudin, Global Commercial Director	100,108
Claire Vallis, Creative Director	43,912
Carla Barnett, Group HR Director	87,825
Caroline Geary, Company Secretary	17,083

No payment was required for the grant of the Awards.

In accordance with the rules of the LTIP, which was approved by shareholders at the 2015 AGM, Shares awarded will vest three years after the date of grant subject to the satisfaction of performance conditions. 25% of the award is against a measurement of total shareholder return ("TSR") of the Company against a comparator group of companies chosen from the retail and home goods sector, and 75% of the award is measured against targets set for the financial performance of the Company for the financial year ending 31 January 2022, based on (i) earnings per share, (ii) revenue and (iii) free cash flow measurements, split 25% each. Further details of the performance measures will be set out in the Company's 2020 Annual Report and Accounts.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lisa Montague
2.	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Walker Greenbank PLC
b)	LEI	n/a
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, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
b)	Nature of the transaction	Grant of nil cost option award under the Walker Greenbank PLC 2015 LTIP. The award will vest three years after the date of grant subject to the satisfaction of performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 662,337
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	21 November 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mike Gant
2.	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Walker Greenbank PLC
b)	LEI	n/a
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, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
b)	Nature of the transaction	Grant of nil cost option award under the Walker Greenbank PLC 2015 LTIP. The award will vest three years after the date of grant subject to the satisfaction of performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 377,532
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	21 November 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mauricio Soldujin
2.	Reason for the notification
a)	Position/status	Global Commercial Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Walker Greenbank PLC
b)	LEI	n/a
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, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
b)	Nature of the transaction	Grant of nil cost option award under the Walker Greenbank PLC 2015 LTIP. The award will vest three years after the date of grant subject to the satisfaction of performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 100,108
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	21 November 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Claire Vallis
2.	Reason for the notification
a)	Position/status	Creative Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Walker Greenbank PLC
b)	LEI	n/a
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, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
b)	Nature of the transaction	Grant of nil cost option award under the Walker Greenbank PLC 2015 LTIP. The award will vest three years after the date of grant subject to the satisfaction of performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 43,912
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	21 November 2019
f)	Place of the transaction	Outside a trading venue
1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Carla Barnett
2.	Reason for the notification
a)	Position/status	Group HR Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Walker Greenbank PLC
b)	LEI	n/a
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, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
b)	Nature of the transaction	Grant of nil cost option award under the Walker Greenbank PLC 2015 LTIP. The award will vest three years after the date of grant subject to the satisfaction of performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 87,825
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	21 November 2019
f)	Place of the transaction	Outside a trading venue
1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Caroline Geary
2.	Reason for the notification
a)	Position/status	Company Secretary
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Walker Greenbank PLC
b)	LEI	n/a
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, type of instrument Identification code	Ordinary Shares of 1 pence each GB0003061511
b)	Nature of the transaction	Grant of nil cost option award under the Walker Greenbank PLC 2015 LTIP. The award will vest three years after the date of grant subject to the satisfaction of performance conditions.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 17,083
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	21 November 2019
f)	Place of the transaction	Outside a trading venue

For further information:

Walker Greenbank PLC	[phone]
Lisa Montague, Chief Executive Officer Mike Gant, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser and Broker)	[phone]
David Anderson / Alex Wright
Henry Reast
Buchanan	[phone]
Mark Court / Toto Berger / Charlotte Slater

Notes for editors:

About Walker Greenbank

Walker Greenbank PLC is a luxury interior furnishings company that designs, manufactures and markets wallpapers, fabrics and paints. In addition, the Company derives significant licensing income from the use of its designs on a wide range of interior products such as bed linen, rugs and tableware.

Walker Greenbank's brands include Zoffany, Sanderson, Morris & Co., Harlequin, Scion and Clarke & Clarke.

The Company has a strong UK manufacturing base comprising a wallpaper factory in Loughborough and a fabric printing factory in Lancaster. Both factories manufacture for the Company and for other wallpaper and fabric brands.

Walker Greenbank employs more than 650 people and its products are sold in more than 85 countries worldwide. It has showrooms in London, New York, Chicago, Paris, and Dubai.

Walker Greenbank trades on the AIM market of the London Stock Exchange under the ticker symbol WGB.

For further information please visit: www.walkergreenbank.com/

 

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