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Last checked at 
5 Mar 2018 07:00
5 March 2018
ROBERT WALTERS PLC
(the "Company")
Directors' Shareholdings
2018 Deferred bonus shares
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 2017 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 1 March 2018, the Executive Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2018 and 31 December 2019. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of £6.55 per share, being the purchase price on 2 March 2018.
Directors | Deferred Ordinary Shares |
Robert Walters | 22,667 |
Giles Daubeney | 20,109 |
Alan Bannatyne | 13,839 |
Total | 56,615 |
The total of 56,615 Ordinary Shares were purchased by the Company on 2 March 2018 at the market price of £6.55 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2018 and half at the end of 31 December 2019.
2018 PSP awards
The Company also announces that the following awards were made to the Executive Directors under the 2014 Robert Walters Performance Share Plan on 1 March 2018:
Director | No. of Ordinary Shares awarded |
Robert Walters | 172,055 |
Giles Daubeney | 152,639 |
Alan Bannatyne | 105,054 |
Total | 429,748 |
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.
Vesting of deferred bonus shares
The Company was informed on 1 March 2018 of the following transfers of Ordinary Shares pursuant to the vesting of awards previously deferred as part of the Executive Directors' respective bonuses for the financial year ended 31 December 2015 as announced on 11 March 2016 and the financial year ended 31 December 2016 as announced on 15 March 2017 respectively.
Directors | 2016 Deferred Ordinary Shares vested | 2017 Deferred Ordinary Shares vested | Total Deferred Ordinary Shares vested |
Robert Walters | 22,540 | 14,695 | 37,235 |
Giles Daubeney | 18,792 | 12,989 | 31,781 |
Alan Bannatyne | 13,762 | 8,758 | 22,520 |
Total | 55,094 | 36,442 | 91,535 |
2015 PSP vesting
The Company was informed on 1 March 2018 of the following share awards being exercised by the Executive Directors in Ordinary Shares.
Director | Number of PSP Awards exercised |
Robert Walters | 291,292 |
Giles Daubeney | 242,861 |
Alan Bannatyne | 177,852 |
Total | 712,005 |
These dealings were pursuant to the vesting of awards under the Robert Walters Long Term Incentive Plan ("LTIP") on 1 March 2018.
Directors' Shareholdings
There has therefore been an increase in the overall shareholdings of each of the Executive 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 | 2,224,624 | 2.95 | 2,553,151 | 3.39% |
Giles Daubeney | 1,633,069 | 2.17 | 1,907,711 | 2.53% |
Alan Bannatyne | 486,283 | 0.65 | 686,655 | 0.91% |
Robert Walters plc's issued share capital now consists of 79,374,520 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 75,300,520.
The above figure of 75,300,520 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
APPENDIX
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Robert Walters | |
2. | Reason for the notification | ||
(a) | Position/status | Chief Executive Officer | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Robert Walters plc | |
(b) | LEI | 213800LIE15BDEN3VW43 | |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
(a) | Description of the Financial Instrument | Ordinary Shares of 20p each | |
(b) | Identification code of the Financial Instrument | ISIN Code : GB0008475088 | |
(c) | Nature of the transaction | Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan. | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
0p | 328,527 | ||
(e) | Aggregated information - Aggregated volume - Price |
37,235 (deferred bonus) , 291,292 (LTIP) 0p | |
(f) | Date of the transaction | 1 March 2018 | |
(g) | Place of the transaction | London Stock Exchange | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Giles Daubeney | |
2. | Reason for the notification | ||
(a) | Position/status | Deputy Chief Executive Officer | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Robert Walters plc | |
(b) | LEI | 213800LIE15BDEN3VW43 | |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
(a) | Description of the Financial Instrument | Ordinary Shares of 20p each | |
(b) | Identification code of the Financial Instrument | ISIN Code : GB0008475088 | |
(c) | Nature of the transaction | Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan. | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
0p | 274,642 | ||
(e) | Aggregated information - Aggregated volume - Price |
31,781 (deferred bonus), 242,861 (LTIP) 0p | |
(f) | Date of the transaction | 1 March 2018 | |
(g) | Place of the transaction | London Stock Exchange | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Alan Bannatyne | |
2. | Reason for the notification | ||
(a) | Position/status | Chief Financial Officer | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Robert Walters plc | |
(b) | LEI | 213800LIE15BDEN3VW43 | |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
(a) | Description of the Financial Instrument | Ordinary Shares of 20p each | |
(b) | Identification code of the Financial Instrument | ISIN Code : GB0008475088 | |
(c) | Nature of the transaction | Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan. | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
0p | 200,372 | ||
(e) | Aggregated information - Aggregated volume - Price |
22,520 (deferred bonus), 177,852 (LTIP) 0p | |
(f) | Date of the transaction | 1 March 2018 | |
(g) | Place of the transaction | London Stock Exchange | |
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