REG - Robert Walters PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">RWA.L</Origin>

Robert WaltersAnnouncement

15/03/2017 17:15

RNS Number : 6075Z
Robert Walters PLC
15 March 2017
15 March 2017
ROBERT WALTERS PLC
(the "Company")
Directors' Shareholdings
The Company announces that the Executive Directors listed in the table below have deferred part of their respective annual bonuses for the financial year ended 31 December 2016 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 15 March 2017, the Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2017 and 31 December 2018. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of 4.10 per share, being the purchase price on 15 March 2017. 
Directors
Deferred Ordinary Shares
Robert Walters
29,390
Giles Daubeney
25,977
Alan Bannatyne
17,516


Total
72,883
The total of 72,883 Ordinary Shares were purchased by the Company on 15 March 2017 at the market price of 4.10 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2017 and half at the end of 31 December 2018.
Vesting of deferred bonus shares
The Company was informed on 15 March 2017 of the following share transfers in ordinary shares of 20p each of the Company ("Ordinary Shares").
These dealings were pursuant to the vesting of awards deferred as part of their respective bonus for the financial year ended 31 December 2015 and as announced on 11 March 2016.
There has therefore been an increase in the overall shareholdings of each of the Directors as a result of these dealings and individual shareholdings before and after are set out below:
Director
Shareholding prior to this announcement
% holding in Company
Shareholding after this announcement
% holding in Company
Robert Walters
2,519,930
3.39
2,542,470
3.42
Giles Daubeney
1,807,242
2.43
1,826,034
2.46
Alan Bannatyne
424,247
0.57
438,008
0.59
2017 awards
The Company also announces that the following awards were made to certain Directors under the 2014 Robert Walters Performance Share Plan on 15 March 2017:
Director
No. of Robert Walters ordinary shares comprised in the award
Robert Walters
264,067
Giles Daubeney
 234,269
Alan Bannatyne
 161,216
Total
659,552 
The awards, which were made in the form of options at nil cost, are subject to performance conditions. Vesting will normally not occur before three years have elapsed.
Robert Walters plc's issued share capital consists of 78,392,284 Ordinary Shares with voting rights. Robert Walters plc holds 4,074,000 Ordinary Shares in Treasury.
Therefore, the total number of voting rights in Robert Walters plc is 74,318,284.
The above figure of 74,318,284 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Robert Walters plc under the FSA's Disclosure and Transparency Rules.
Further information
Robert Walters plc
Robert Walters, Chief Executive
Alan Bannatyne, Chief Financial Officer
+44 20 7379 3333
Newgate Communications
Steffan Williams
Charlotte Coulson
+44 20 7680 6550
www.robertwalters.com 

This information is provided by RNS
The company news service from the London Stock Exchange
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