Last checked at 13 Apr 2016 07:01
13 April 2016
ROBERT WALTERS PLC
(the "Company")
Directors' Shareholdings
2013 vesting
The Company was informed on 12 April 2016 of the following dealings by certain Directors in ordinary shares of 20p each of the Company ("Ordinary Shares").
These dealings were pursuant to the vesting of awards under the Robert Walters Long Term Incentive Plan ("LTIP") on 11 April 2016. Pursuant to instructions given by the relevant Directors on the dates set out below, a fixed proportion of the awards were sold on 12 April 2016 to satisfy the associated tax obligations arising upon the vesting of the Ordinary Shares.
Director | Date of trading instruction | Number of Awards exercised | Exercise price (p) | Number of shares sold | Sale price (p) | Net increase in shareholdings |
Robert Walters |
1/3/2016 |
382,435 |
0 |
180,286 |
317 |
202,149 |
Giles Daubeney |
24/2/2016 |
318,074 |
0 |
149,945 |
317 |
168,129 |
Alan Bannatyne |
22/2/2016 |
230,498 |
0 |
108,661 |
317 |
121,837 |
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 |
2,317,781 |
3.00 |
2,519,930 |
3.26 |
Giles Daubeney |
1,639,113 |
2.12 |
1,807,242 |
2.34 |
Alan Bannatyne |
302,410 |
0.39 |
424,247 |
0.55 |
2016 awards
The Company also announces that the following awards were made to certain Directors under the 2014 Robert Walters Performance Share Plan on 10 March 2016:
Director | No. of Robert Walters ordinary shares comprised in the award |
Robert Walters | 339,550 |
Giles Daubeney | 301,219 |
Alan Bannatyne | 207,295 |
Total | 848,064 |
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 86,314,569 Ordinary Shares with voting rights. Robert Walters plc holds 8,922,900 Ordinary Shares in Treasury.
Therefore, the total number of voting rights in Robert Walters plc is 77,391,669.
The above figure of 77,391,669 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.
Enquiries:
Robert Walters plc
Robert Walters, Chief Executive
Alan Bannatyne, Chief Financial Officer +44 20 7379 3333
Newgate Communications
Steffan Williams
Madeleine Palmstierna +44 20 7680 6550