EXERCISE OF OPTIONS AND DIRECTORS' SHAREHOLDINGS

RNS Number : 4598H

Wincanton PLC

07 June 2017

 

7 JUNE 2017

Wincanton PLC
('Wincanton' or the 'Group')

EXERCISE OF OPTIONS AND DIRECTORS' SHAREHOLDINGS

Wincanton plc, a leading provider of supply chain solutions in the UK and Ireland announces that it has received due notice of exercise in respect of options granted to Mr Adrian Colman, the Chief Executive Officer, under the Company's 2013 Share Option Plan ("SOP").

Notices were received in respect of 1,059,322 Ordinary Shares of 10p each ("Ordinary Shares") at the exercise price of £0.708 per Ordinary Share and 886,262 Ordinary Shares at the exercise price of £0.677 per Ordinary Share. Using net settlement, this has resulted in the issue and allotment of 796,377 Ordinary Shares to Adrian Colman.

Following this exercise, the 796,377 Ordinary Shares above together with 109,065 Ordinary Shares from a previous exercise will immediately be transferred to Adrian Colman's wife, Lucy Moore, at nil cost. Mr Colman's and his wife's total shareholding in the Group will increase to 946,942 Ordinary Shares.

	Exercise Price of options awarded	Number of options awarded	Number of options exercised	Number of shares receivable after deduction of the exercise price, Income Tax and National Insurance
Adrian Colman (Chief Executive Officer)	£0.708	1,059,322	1,059,322	431,006
Adrian Colman (Chief Executive Officer)	£0.677	886,262	886,262	365,371

Applications will be made for 796,377 new ordinary shares of 10p each ("New Shares") to be admitted to listing on the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence at 8.00am on 13 June 2017. The New Shares will rank pari passu with all existing Ordinary Shares in issue. 

Following Admission, the total number of voting rights in Wincanton is 124,543,670 which should be used by shareholders and other parties subject to disclosure obligations as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the share capital of Wincanton under the FCA's Disclosure and Transparency rules.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adrian Colman
2	Reason for the notification
a)	Position/status	Chief Executive Officer ("PDMR")
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wincanton PLC
b)	LEI	213800Z5WTW8QKOHWQ82
4.1	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	Ordinary 10p Shares ("Ordinary Shares")
	Identification code	GB0030329360
b)	Nature of the transaction	Exercise of options over 1,059,322 Ordinary Shares at an exercise price of £0.708. The options have been exercised by net settlement, using the mid-market closing price of 5 June 2017 of 304.75p. This has resulted in the issue and allotment of 431,006 fully paid Ordinary Shares for which the Company has applied to the London Stock Exchange for listing and which upon admission will rank pari passu with the Group's other Ordinary shares.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			(i) Nil	431,006
d)	Aggregated information
	- Aggregated volume	Not applicable
	- Price	Not applicable
e)	Date of the transaction	6 June 2017
f)	Place of the transaction	London Stock Exchange (XLON)
4.2	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	Ordinary 10p Shares ("Ordinary Shares")
	Identification code	GB0030329360
b)	Nature of the transaction	Exercise of options over 886,262 Ordinary Shares at an exercise price of £0.677. The options have been exercised by net settlement, using the mid-market closing price of 5 June 2017 of 304.75p. This has resulted in the issue and allotment of 365,371 fully paid Ordinary Shares for which the Company has applied to the London Stock Exchange for listing and which upon admission will rank pari passu with the Group's other Ordinary shares.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			(i) Nil	365,371
d)	Aggregated information
	- Aggregated volume	Not applicable
	- Price	Not applicable
e)	Date of the transaction	6 June 2017
f)	Place of the transaction	London Stock Exchange (XLON)
4.3	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	Ordinary 10p Shares ("Ordinary Shares")
	Identification code	GB0030329360
b)	Nature of the transaction	Transfer of Ordinary Shares to spouse for nil consideration.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	905,442
d)	Aggregated information
	- Aggregated volume	905,442
	- Price	Nil
e)	Date of the transaction	6 June 2017
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lucy Moore
2	Reason for the notification
a)	Position/status	Person closely associated with Adrian Colman, Chief Executive ("PDMR")
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wincanton PLC
b)	LEI	213800Z5WTW8QKOHWQ82
4.1	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	Ordinary 10p Shares ("Ordinary Shares")
	Identification code	GB0030329360
b)	Nature of the transaction	Acquisition of Ordinary Shares for nil consideration from spouse
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	905,442
d)	Aggregated information
	- Aggregated volume	905,442
	- Price	Nil
e)	Date of the transaction	6 June 2017
f)	Place of the transaction	London Stock Exchange (XLON)

ENDS

For further enquiries please contact:

Wincanton plc Adrian Colman, Chief Executive Officer Tim Lawlor, Chief Financial Officer	Tel: [phone]
Buchanan Richard Oldworth, Victoria Hayns, Maddie Seacombe	Tel: [phone]

Notes to Editors

Wincanton plc

Wincanton is the largest British logistics firm, providing supply chain consultancy and solutions to some of the world's most admired brands. We employ approximately 18,000 people across more than 200 sites and have a 3,600-strong fleet of vehicles.

Our business started in 1925 delivering milk and dairy products. Although our heritage means a lot us, we have since expanded to provide supply chain solutions across a wide range of sectors including retail, construction, defence and energy.

As a trusted and respected business partner, we design and implement services that range from setting up and operating distribution networks through to bonded warehouses, technology hosting, container transport and storage. We strive for operational excellence in everything we do.

We work hard to understand and respond to our customers' needs, build long term relationships and use our skills and expertise to deliver a smarter, added value service, every day. Our customers rely on us to make their businesses operate more efficiently and to gain a competitive advantage in their sector.

Improved stock visibility and availability, reduction of lead times, collaborative warehousing and transport models, and an absolute commitment to continuous improvement, are just some of the reasons why many of our customer relationships extend to more than 20 years.

Key facts:

·  Annual revenue in the UK & Ireland exceeds £1 billion

·  Circa 18,000 employees including 4,000+ drivers 

·  Operates from 200+ locations with 6.6 million square feet of warehousing across the UK and Ireland

·  Operating responsibility for around 3,600 vehicles

 

END

 

 

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