REG - Robert Walters PLC - Directors' Shareholdings

Robert WaltersAnnouncement

01/03/2019 16:25

RNS Number : 6568R
Robert Walters PLC
01 March 2019
 


1 March 2019
ROBERT WALTERS PLC
(the "Company")
Directors' Shareholdings
2019 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 2018 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 1 March 2019, the Executive Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2019 and 31 December 2020. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of £5.78 per share, being the purchase price on 1 March 2019.



Directors


Deferred Ordinary Shares




Robert Walters


26,523




Giles Daubeney


23,530




Alan Bannatyne


16,194




Total


66,247



 
The total of 66,247 Ordinary Shares were purchased by the Company on 1 March 2019 at the market price of £5.78 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2019 and half at the end of 31 December 2020.
 
2019 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 2019:



Director


No. of Ordinary Shares awarded




Robert Walters


207,788




Alan Bannatyne


126,872




Total


334,660



 
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 2019 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 2016 as announced on 15 March 2017 and the financial year ended 31 December 2017 as announced on 1 March 2018 respectively.



Directors


2017 Deferred Ordinary Shares vested


2018 Deferred Ordinary Shares vested


Total Deferred Ordinary Shares vested




Robert Walters


14,695


11,334


26,029




Giles Daubeney


12,989


10,054


23,043




Alan Bannatyne


8,758


6,919


15,677




Total


36,442


28,307


64,749



 
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


2,267,159


3.00


2,293,188


3.03%




Giles Daubeney


1,633,069


2.16


1,656,112


2.19%




Alan Bannatyne


486,283


0.64


501,960


0.66%



 
Robert Walters plc's issued share capital now consists of 79,652,285 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 75,578,285.
The above figure of 75,578,285 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 (0) 20 7379 3333




Portland Communications
Steffan Williams
Lauren Gallagher
 


+44 (0) 20 7554 1660



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


26,029






















(e)


Aggregated information
-            Aggregated volume
-           Price


 
 
26,029 (deferred bonus)
0p




(f)


Date of the transaction


1 March 2019




(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


23,043






















(e)


Aggregated information
-            Aggregated volume
-           Price


 
 
23,043 (deferred bonus)
0p




(f)


Date of the transaction


1 March 2019




(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


15,677






















(e)


Aggregated information
-            Aggregated volume
-           Price


 
 
15,677 (deferred bonus)
0p




(f)


Date of the transaction


1 March 2019




(g)


Place of the transaction


London Stock Exchange



 
 




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