REG - Robert Walters PLC - Director/PDMR Shareholding

Robert WaltersAnnouncement

05/03/2018 07:05

RNS Number : 6114G
Robert Walters PLC
05 March 2018
5 March 2018
ROBERT WALTERS PLC
(the "Company")
Directors' Shareholdings
2018 Deferred bonus shares
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 2017 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 1 March 2018, the Executive Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2018 and 31 December 2019. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of 6.55 per share, being the purchase price on 2 March 2018.
Directors
Deferred Ordinary Shares
Robert Walters
22,667
Giles Daubeney
20,109
Alan Bannatyne
13,839
Total
56,615
The total of 56,615 Ordinary Shares were purchased by the Company on 2 March 2018 at the market price of 6.55 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2018 and half at the end of 31 December 2019.
2018 PSP awards
The Company also announces that the following awards were made to the Executive Directors under the 2014 Robert Walters Performance Share Plan on 1 March 2018:
Director
No. of Ordinary Shares awarded
Robert Walters
172,055
Giles Daubeney
152,639
Alan Bannatyne
105,054
Total
429,748
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.
Vesting of deferred bonus shares
The Company was informed on 1 March 2018 of the following transfers of Ordinary Shares pursuant to the vesting of awards previously deferred as part of the Executive Directors' respective bonuses for the financial year ended 31 December 2015 as announced on 11 March 2016 and the financial year ended 31 December 2016 as announced on 15 March 2017 respectively.
Directors
2016 Deferred Ordinary Shares vested
2017 Deferred Ordinary Shares vested
Total Deferred Ordinary Shares vested
Robert Walters
22,540
14,695
37,235
Giles Daubeney
18,792
12,989
31,781
Alan Bannatyne
13,762
8,758
22,520
Total
55,094
36,442
91,535
2015 PSP vesting
The Company was informed on 1 March 2018 of the following share awards being exercised by the Executive Directors in Ordinary Shares.
Director
Number of PSP Awards exercised
Robert Walters
291,292
Giles Daubeney
242,861
Alan Bannatyne
177,852
Total
712,005
These dealings were pursuant to the vesting of awards under the Robert Walters Long Term Incentive Plan ("LTIP") on 1 March 2018.
Directors' Shareholdings
There has therefore been an increase in the overall shareholdings of each of the Executive 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
2,224,624
2.95
2,553,151
3.39%
Giles Daubeney
1,633,069
2.17
1,907,711
2.53%
Alan Bannatyne
486,283
0.65
686,655
0.91%
Robert Walters plc's issued share capital now consists of 79,374,520 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 75,300,520.
The above figure of 75,300,520 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
APPENDIX
1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Name
Robert Walters
2.
Reason for the notification
(a)
Position/status
Chief Executive Officer
(b)
Initial notification/ Amendment
Initial notification
3.
Details of the issuer
(a)
Name
Robert Walters plc
(b)
LEI
213800LIE15BDEN3VW43
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
Ordinary Shares of 20p each
(b)
Identification code of the Financial Instrument
ISIN Code : GB0008475088
(c)
Nature of the transaction
Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)
Price(s) and volume(s)
Price(s)
Volume(s)


0p
328,527




(e)
Aggregated information
- Aggregated volume
-  Price
37,235 (deferred bonus) , 291,292 (LTIP)
0p
(f)
Date of the transaction
1 March 2018
(g)
Place of the transaction
London Stock Exchange
1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Name
Giles Daubeney
2.
Reason for the notification
(a)
Position/status
Deputy Chief Executive Officer
(b)
Initial notification/ Amendment
Initial notification
3.
Details of the issuer
(a)
Name
Robert Walters plc
(b)
LEI
213800LIE15BDEN3VW43
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
Ordinary Shares of 20p each
(b)
Identification code of the Financial Instrument
ISIN Code : GB0008475088
(c)
Nature of the transaction
Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)
Price(s) and volume(s)
Price(s)
Volume(s)


0p
274,642




(e)
Aggregated information
- Aggregated volume
-  Price
31,781 (deferred bonus), 242,861 (LTIP)
0p
(f)
Date of the transaction
1 March 2018
(g)
Place of the transaction
London Stock Exchange
1.
Details of the person discharging managerial responsibilities/person closely associated
(a)
Name
Alan Bannatyne
2.
Reason for the notification
(a)
Position/status
Chief Financial Officer
(b)
Initial notification/ Amendment
Initial notification
3.
Details of the issuer
(a)
Name
Robert Walters plc
(b)
LEI
213800LIE15BDEN3VW43
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
Ordinary Shares of 20p each
(b)
Identification code of the Financial Instrument
ISIN Code : GB0008475088
(c)
Nature of the transaction
Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)
Price(s) and volume(s)
Price(s)
Volume(s)


0p
200,372




(e)
Aggregated information
- Aggregated volume
-  Price
22,520 (deferred bonus), 177,852 (LTIP)
0p
(f)
Date of the transaction
1 March 2018
(g)
Place of the transaction
London Stock Exchange

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