REG - Wilmington PLC - Director/PDMR Shareholding

WilmingtonAnnouncement

24/02/2022 07:18

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RNS Number : 6097C  Wilmington PLC  24 February 2022

24 February 2022

Wilmington plc

Director/PDMR Shareholding

On 22 February 2022, nil cost awards over 34,577 ordinary shares in Wilmington
plc (the "Company") and options with a per share exercise price of £2.42 over
10,905 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
 Ruth Abdey (PDMR)      27,307

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 PDMR 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                                                         Ruth Abdey
 2.  Reason for the notification

 a)  Position /status                                                                                       Chief People 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  27,307
 d)  Aggregated information

     Aggregated volume                                            N/A

     Price

 e)  Date of the transaction                                      22 February 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

 

 

e)

Date of the transaction

22 February 2022

f)

Place of the transaction

Outside a trading venue

 

 

 

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