Business
Exercise of LTIP Awards
Exercise of LTIP Awards.
About this update from Sanderson Design Group Plc
[{"type":"text","content":"\n \nRNS Number : 5873Y Walker Greenbank PLC 18 May 2016 \n\n\n\n\n\n For immediate release\n\n\n18 May 2016\n\n\n\n\n \n \nWALKER GREENBANK PLC\n(\"Walker Greenbank\" or \"the Company\")\nExercise of LTIP Awards, Director Shareholdings and Total Voting Rights\nWalker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Anthology, announces that following the achievement of performance targets, the under mentioned executive directors and certain other employees have received ordinary shares of 1p each in the Company (\"Ordinary Shares\") under the terms of the Company's Long-Term Incentive Plan (\"LTIP\").\n \nThe shares vested on 17 May 2016 for nil consideration pursuant to a conditional award made on 16 May 2013. The number of Ordinary Shares which vested is stated after the deduction of tax and National Insurance.\n \nFollowing the vesting, the under mentioned executive directors holding of Ordinary Shares is set out in the table below.\n \n\n\n\n\nExecutive Director\n\n\nNet No. of Ordinary Shares vested\n\n\nResultant interest in Ordinary Shares\n\n\n% of Total Voting Rights\n\n\n\n\nJohn Sach\n\n\n121,838\n\n\n1,922,715\n\n\n3.17\n\n\n\n\nDavid Smallridge\n\n\n 87,285\n\n\n1,248,435\n\n\n2.06\n\n\n\n\n \n431,788 Ordinary Shares have been issued and allotted under an existing blocklisting in order to satisfy the vesting.\n \nFollowing the vesting, the Company hereby notifies that, as at the date of this announcement, the Company's issued share capital consists of 60,604,309 Ordinary Shares, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury therefore the total number of Ordinary Shares in the Company with voting rights is 60,604,309.\n \nThe above figure of 60,604,309 Ordinary Shares may be used by shareholders in the Company 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, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \nFor further information:\n \n\n\n\n\nWalker Greenbank PLC\n\n\n+44 (0) 844 543 4668\n\n\n\n\nJohn Sach, Chief...