REG - Wilmington PLC - Share Awards <Origin Href="QuoteRef">WIL.L</Origin>

WilmingtonAnnouncement

19/10/2015 16:00

RNS Number : 7346C
Wilmington PLC
19 October 2015
WILMINGTON PLC
Share Awards
In October 2012, Wilmington plc (the "Company") granted a number of share awards under its Performance Share Plan ("PSP"). The vesting of these awards was conditional upon the achievement of certain performance criteria. As a result of the Company's performance over the three years to 30 June 2015, 443,354 ordinary shares of 5 pence each vested on 17 October 2015 in favour of a total of 6 employees and former employees of the company (including Directors) ("Vested Shares").
A further 34,916 ordinary shares of 5 pence each were allocated under the PSP scheme rules to reflect the value of the dividend that would have been paid had the vested shares been issued in October 2012 ("Dividend Shares").
In accordance with Section 551 of the Companies Act 2006 and under the authority of its shareholders, the directors have issued a further 478,270 ordinary voting shares to satisfy the Company's obligations under the PSP. Application has been made to the UK Listing Authority and the London Stock Exchange for 478,270 ordinary shares of 5 pence each to be admitted to the Official List and to trading on the Main Market. It is expected that trading will commence on 20 October 2015. These shares will rank pari passu with the existing issued shares of the Company.
Following the issue of further ordinary shares of 5 pence each the Company now has issued voting share capital of 86,939,147 ordinary shares of 5 pence each.
For further information, please contact:
Wilmington plc 
Pedro Ross, CEO
Tony Foye, CFO 
020 7422 6800

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