PDMR Notification

RNS Number : 1072I

Wincanton PLC

21 November 2018

 

21 November 2018

Wincanton plc
('Wincanton' or the 'Group') 

Notification of transaction by Persons Discharging Managerial Responsibilities ("PDMR")

Wincanton announces that it has received due notice of exercise in respect of options granted to Mr Tim Lawlor, Chief Financial Officer of the Group, under the Group's 2015 Long-term Incentive Plan ("LTIP").

A notice was received in respect of 133,747 Ordinary Shares of 10p each ("Ordinary Shares") at nil cost per option. Using net settlement, this has resulted in the transfer of 70,885 Ordinary Shares to Tim Lawlor.

Following this exercise, the 70,885 Ordinary Shares will be immediately transferred to Tim Lawlor's wife, Tanya Lawlor, at nil cost. Mr Lawlor and his wife's total shareholding in the Group will be 70,885 Ordinary Shares. This represents 0.06% of the Group's total issued share capital. 

	Exercise Price of options awarded	Number of options vested	Number of options exercised	Number of shares receivable after deduction of Income Tax and National Insurance
Tim Lawlor (Chief Financial Officer)	Nil	133,747	133,747	70,885

The Notification of Dealing Forms for the PDMR and PCA can be found below. The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	TIM LAWLOR
2	Reason for the notification
a)	Position/status	CHIEF FINANCIAL OFFICER / PDMR DIRECTOR
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	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 10p EACH IN WINCANTON PLC ISIN: GB0030329360
b)	Nature of the transaction	EXERCISE OF OPTIONS OVER 133,747 ORDINARY SHARES AT NIL COST OF OPTION. THE OPTIONS HAVE BEEN EXERCISED BY NET SETTLEMENT, USING THE CLOSING PRICE ON 19 NOVEMBER 2018 OF £2.45.
	Price(s) and volume(s)	Price(s) Volume(s) £NIL 70,885
d)	Aggregated information
	-    Aggregate volume -    Price	TOTAL NUMBER OF SHARES TRANSFERRED: 70,885 TOTAL CONSIDERATION OF THE SHARES TRANSFERRED: £NIL
e)	Date of the transaction	19 NOVEMBER 2018
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	TANYA LAWLOR
2	Reason for the notification
a)	Position/status	PERSON CLOSELY ASSOICATED WITH TIM LAWLOR, CHIEF FINANCIAL 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	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 10p EACH IN WINCANTON PLC ISIN: GB0030329360
b)	Nature of the transaction	ACQUISITION OF ORDINARY SHARES FOR NIL CONSIDERATION FROM SPOUSE
	Price(s) and volume(s)	Price(s) Volume(s) £NIL 70,885
d)	Aggregated information
	-    Aggregate volume -    Price	TOTAL NUMBER OF SHARES TRANSFERRED: 70,885 TOTAL CONSIDERATION OF THE SHARES TRANSFERRED: £NIL
e)	Date of the transaction	19 NOVEMBER 2018
f)	Place of the transaction	London Stock Exchange, Main Market

-Ends-

For further information please contact:

Wincanton Plc                                                                         Tel: [phone]

Adrian Colman, Chief Executive Officer

Tim Lawlor, Chief Financial Officer

Buchanan                                                                                Tel: [phone]

Richard Oldworth / Chris Lane / Maddie Seacombe

Notes to Editors

Wincanton plc

Wincanton is the largest British logistics firm, providing supply chain solutions to some of the world's most admired brands across a wide range of industries including retail, construction, defence and energy.

As a trusted and respected business partner, we design and implement services and solutions 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 £1.1 billion

·      Over 17,700 colleagues including 4,000+ drivers 

·      Operates from 200+ locations with 7.6 million square feet of warehousing across the UK and Ireland

·      Operating responsibility for around 3,400 vehicles

 

END

 

 

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