Last checked at 15 Mar 2017 17:15
15 March 2017
ROBERT WALTERS PLC
(the "Company")
Directors' Shareholdings
The Company announces that the Executive Directors listed in the table below have deferred part of their respective annual bonuses for the financial year ended 31 December 2016 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 15 March 2017, the Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2017 and 31 December 2018. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of £4.10 per share, being the purchase price on 15 March 2017.
Directors | Deferred Ordinary Shares |
Robert Walters | 29,390 |
Giles Daubeney | 25,977 |
Alan Bannatyne | 17,516 |
Total | 72,883 |
The total of 72,883 Ordinary Shares were purchased by the Company on 15 March 2017 at the market price of £4.10 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2017 and half at the end of 31 December 2018.
Vesting of deferred bonus shares
The Company was informed on 15 March 2017 of the following share transfers in ordinary shares of 20p each of the Company ("Ordinary Shares").
These dealings were pursuant to the vesting of awards deferred as part of their respective bonus for the financial year ended 31 December 2015 and as announced on 11 March 2016.
There has therefore been an increase in the overall shareholdings of each of the Directors as a result of these dealings and individual shareholdings before and after are set out below:
Director | Shareholding prior to this announcement | % holding in Company | Shareholding after this announcement | % holding in Company |
Robert Walters |
2,519,930 |
3.39 |
2,542,470 |
3.42 |
Giles Daubeney |
1,807,242 |
2.43 |
1,826,034 |
2.46 |
Alan Bannatyne |
424,247 |
0.57 |
438,008 |
0.59 |
2017 awards
The Company also announces that the following awards were made to certain Directors under the 2014 Robert Walters Performance Share Plan on 15 March 2017:
Director | No. of Robert Walters ordinary shares comprised in the award |
Robert Walters | 264,067 |
Giles Daubeney | 234,269 |
Alan Bannatyne | 161,216 |
Total | 659,552 |
The awards, which were made in the form of options at nil cost, are subject to performance conditions. Vesting will normally not occur before three years have elapsed.
Robert Walters plc's issued share capital consists of 78,392,284 Ordinary Shares with voting rights. Robert Walters plc holds 4,074,000 Ordinary Shares in Treasury.
Therefore, the total number of voting rights in Robert Walters plc is 74,318,284.
The above figure of 74,318,284 may be used by shareholders 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, Robert Walters plc under the FSA's Disclosure and Transparency Rules.
Further information
Robert Walters plc Robert Walters, Chief Executive Alan Bannatyne, Chief Financial Officer
| +44 20 7379 3333 |
Newgate Communications Steffan Williams Charlotte Coulson | +44 20 7680 6550 |
www.robertwalters.com