Business
Transfer of Treasury Shares
Transfer of Treasury Shares.
About this update from Sanderson Design Group Plc
[{"type":"text","content":"\n RNS Number : 5569C Walker Greenbank PLC 16 November 2009 \n \n\n\n\n\nFor immediate release\n\n\n16 November 2009\n\n\n\n\n\n\nWALKER GREENBANK PLC\n(\"the Company\")\n\nTransfer of Treasury Shares and\nDirectors` transaction in ordinary shares\n\n\n\nWalker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose international brands include Sanderson, Morris & Co, Harlequin and Zoffany, announces that on 13 November 2009 1,690,093 ordinary shares of 1p each in the Company (\"Ordinary Shares\") were transferred from treasury into the Company's Employee Benefit Trust to satisfy the conditional awards made on 27 May 2009 under the Company's Long-Term Incentive Plan (\"LTIP\"). The transfer was made at the closing mid market price on 12 November 2009 being 20.25p per Ordinary Share.\n\nFollowing the above transfer of treasury shares, the Company no longer holds any shares in treasury.\n\nFollowing this transaction, the Company's issued ordinary share capital with voting rights consists of 59,006,162 Ordinary Shares and this figure is to be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in Walker Greenbank PLC under the FSA's Disclosure and Transparency Rules.\n\nOn 13 November 2009, John Sach, David Smallridge and Alan Dix (\"Directors\") acquired for nil consideration the first tranche of their interests in Ordinary Shares covered by the conditional awards noted above (as announced on 28 May 2009). The details of the interests acquired by the Directors are as follows:\n\n\n\n\n\nDirector\n\n\nDisclosure date\n\n\nTransaction date\n\n\nNo. Ordinary Shares in which the director has acquired an interest\n\n\n\n\nJohn Sach\n\n\n13 November 2009\n\n\n13 November 2009\n\n\n80,000\n\n\n\n\nDavid Smallridge\n\n\n13 November 2009\n\n\n13 November 2009\n\n\n60,000\n\n\n\n\nAlan Dix\n\n\n13 November 2009\n\n\n13 November 2009\n\n\n30,000\n\n\n\n\n\n\nThe Directors' rights to acquire sole title to the Ordinary Shares noted above will vest after three years from the date of the original award subject to the Company achieving a target for Total Shareholder Return (\"TSR\") as well as a base level o...