Share Awards

RNS Number : 3216R

Wilmington Group Plc

24 October 2013

 



24 October 2013

WILMINGTON GROUP PLC

Share Awards

As previously announced, in October 2010, Wilmington Group plc (the "Company") made a number of contingent share awards under its Performance Share Plan ("PSP").  The vesting of these awards was conditional upon the achievement of certain performance criteria. As a result of the Company's performance over the three years to 30 June 2013, 668,910 shares vested on 20 October 2013 in favour of 48 Directors and employees of the company.

Under the PSP rules, the Directors and employees have to pay tax at their marginal income tax rates on the value of the shares awarded to them. They are required to keep at least 50% of their shares (net of taxes) for a minimum of two years.

Charles Brady, Chief Executive, Neil Smith, Chief Operating Officer, and Linda Wake, Deputy Group Finance Director have all elected to sell 50,088, 17,778 and 9,662 shares respectively to settle their resulting tax liability and keep the remaining shares beneficially.

As a result of this, in accordance with DTR 3.1.2,

-       Charles Brady has acquired a further 61,218 ordinary shares in the Company bringing his resultant holding of ordinary shares to 3,076,429 which is 3.59% of the issued share capital with voting rights.

-       Neil Smith has acquired a further 21,729 ordinary shares in the Company bringing his resultant holding of ordinary shares to 401,338 which is 0.47% of the issued share capital with voting rights.

-       Linda Wake has acquired 11,809 ordinary shares in the Company bringing her resultant holding of ordinary shares to 17,328 which is 0.02% of the issued share capital with voting rights.

-      

Richard Cockton

Company Secretary

 

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