REG - Wilmington PLC - Director/PDMR Shareholding

WilmingtonAnnouncement

01/10/2021 07:00

RNS Number : 6342N
  
Wilmington PLC
  
01 October 2021
  
 

1 October 2021
Wilmington plc

Director/PDMR Shareholding
On 30 September 2021, nil cost awards over 541,852 ordinary shares in Wilmington plc (the "Company") and options with a per share exercise price of £2.23 over 232,657 ordinary shares in the Company were granted under the Wilmington Performance Share Plan 2017 (the "Plan") to employees of the Company and its subsidiaries, of which the following nil cost awards were made to Directors of the Company and other Persons Discharging Managerial Responsibilities ("PDMRs"):




Name of Director/PDMR


Number of shares under the Award




Mark Milner (Executive Director)


164,946




Guy Millward (Executive Director)


119,488




Thomas Mount (PDMR)


41,517




Richard Shamsi (PDMR)


57,226




No consideration was paid for the grant of the awards. The vesting of the awards and options is subject to the satisfaction of performance conditions, which will be assessed over three years. The performance conditions applicable to the awards granted to the Executive Directors and other PDMRs are outlined below: 




Final Year EPS


Extent to which the EPS Performance Condition is satisfied




21.5 pence or more than 21.5 pence


100%




More than 18.0 pence but less than 21.5 pence


On a straight line basis between 25% and 100%




18.0 pence


25%




Less than 18.0 pence


0%




 




Organic Revenue Growth CAGR


Extent to which the Strategic Performance Condition is satisfied




9% or more than 9%


100%




More than 7% but less than 9%


On a straight line basis between 25% and 100%




7%


25%




Less than 7%


0%




 
Underpin Performance Condition 
The performance condition will be satisfied if average Return on Capital Employed 'ROCE' over the performance period is at least 10%.  
The awards granted to the Executive Directors and other PDMRs are subject to an additional condition that ordinarily all of the shares acquired (after sales to cover tax) must be retained until the second anniversary of the vesting date.
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
 
For further information, please contact:
Wilmington plc                                                                                                                020 490 0049
Guy Millward
Chief Financial Officer and Company Secretary 
 
Notes to Editors
Wilmington plc is the recognised knowledge leader and partner of choice for data, information, education and training in the global Governance, Risk and Compliance (GRC) markets. Wilmington employs close to 1,000 people and sells to around 120 countries. Wilmington is listed on the main market of the London Stock Exchange.

 




1.


Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
 




a)


Name


Mark Milner




2.


Reason for the notification
 




a)


Position /status


Chief Executive Officer




b)


Initial notification / amendment 


Initial Notification




3.


Details of the Issuer 




a)


Name


Wilmington plc
 




b)


LEI code


N/A




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 in Wilmington plc
ISIN: GB0009692319




b)


Nature of the transaction


Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil Cost


164,946




 




d)


Aggregated information
Aggregated volume
Price
 


 
N/A
 
 




e)


Date of the transaction


30 September 2021




f)


Place of the transaction


Outside a trading venue



 
 
 
 



 
 
 




1.


Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
 




a)


Name


Guy Millward




2.


Reason for the notification
 




a)


Position /status


Chief Financial Officer




b)


Initial notification / amendment 


Initial Notification




3.


Details of the Issuer 




a)


Name


Wilmington plc
 




b)


LEI code


N/A




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 in Wilmington plc
ISIN: GB0009692319




b)


Nature of the transaction


Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil Cost


119,488




 




d)


Aggregated information
Aggregated volume
Price
 


 
N/A
 
 




e)


Date of the transaction


30 September 2021




f)


Place of the transaction


Outside a trading venue



 
 
 
 



 
 
 




1.


Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
 




a)


Name


Richard Shamsi




2.


Reason for the notification
 




a)


Position /status


Chief Operating Officer




b)


Initial notification / amendment 


Initial Notification




3.


Details of the Issuer 




a)


Name


Wilmington plc
 




b)


LEI code


N/A




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 in Wilmington plc
ISIN: GB0009692319




b)


Nature of the transaction


Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil Cost


57,226




 




d)


Aggregated information
Aggregated volume
Price
 


 
N/A
 
 




e)


Date of the transaction


30 September 2021




f)


Place of the transaction


Outside a trading venue



 
 
 
 



 
 
 
 




1.


Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
 




a)


Name


Thomas Mount




2.


Reason for the notification
 




a)


Position /status


Chief Technology Officer




b)


Initial notification / amendment 


Initial Notification




3.


Details of the Issuer 




a)


Name


Wilmington plc
 




b)


LEI code


N/A




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 in Wilmington plc
ISIN: GB0009692319




b)


Nature of the transaction


Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil Cost


41,517




 




d)


Aggregated information
Aggregated volume
Price
 


 
N/A
 
 




e)


Date of the transaction


30 September 2021




f)


Place of the transaction


Outside a trading venue



 
 
 
 



 

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