PDMR

RNS Number : 8522V

Wincanton PLC

05 December 2019

 

5 December 2019

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 an option granted to Mr Tim Lawlor, Chief Financial Officer of the Group, under the Group's 2016 Long-term Incentive Plan ("LTIP").

The option was exercised in respect of 141,526 Ordinary Shares of 10p each ("Shares") at nil cost.  The exercise has settled on a net settlement basis, resulting in the delivery to Tim Lawlor of 75,008 shares. 

Following this exercise, the resulting 75,008 shares have been 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 145,893 Ordinary Shares. This represents 0.11% of the Group's total issued share capital. 

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 OPTION EXERCISE OF A NIL-COST OPTION OVER 141,526 ORDINARY SHARES. THE EXERCISE HAS BEEN SETTLED ON A NET SETTLEMENT BASIS, RESULTING IN THE DELIVERY OF 75,008 SHARES. TRANSFER OF SHARES TRANSFER OF 75,008 SHARES TO TANYA LAWLOR FOR NIL COST
	Price(s) and volume(s)	Price(s) Volume(s) £NIL 75,008
d)	Aggregated information
	-    Aggregate volume -    Price	N/A N/A
e)	Date of the transaction	3 DECEMBER 2019
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 75,008 ORDINARY SHARES FOR NIL CONSIDERATION FROM SPOUSE
	Price(s) and volume(s)	Price(s) Volume(s) £NIL 75,008
d)	Aggregated information
	-    Aggregate volume -    Price	N/A N/A
e)	Date of the transaction	3 DECEMBER 2019
f)	Place of the transaction	London Stock Exchange, Main Market

-Ends-

For further information please contact:

Wincanton Plc                                                                          Tel: [phone]

Lyn Colloff, Interim Company Secretary

Buchanan                                                                                 Tel: [phone]

Richard Oldworth/Vicky Hayns/Tilly Abraham

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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