Last checked at 13 Mar 2019 18:03
13 March 2019
ROBERT WALTERS PLC
(the "Company")
Directors' Shareholdings
2016 Performance Share Plan Scheme exercise
The Company announces that it was notified on 13 March 2019 of the following dealings by the Executive Directors listed in the table below.
Director | Number of PSP shares exercised | Number of PSP shares sold | Sale price (p) |
Robert Walters | 301,520 | 142,141 | 600 |
Giles Daubeney | 267,482 | 267,482 | 600 |
Alan Bannatyne | 184,078 | 86,778 | 600 |
Total | 753,080 | 496,401 |
These dealings were pursuant to the vesting of awards under the 2014 Robert Walters Performance Share Plan Scheme ("PSP") on 10 March 2019.
Pursuant to instructions given by each of the Executive Directors, a fixed proportion of the awards were exercised and sold on 13 March 2019 to satisfy the associated tax obligations arising upon the exercise of the Ordinary Shares for Robert Walters and Alan Bannatyne, and in the case of Giles Daubeney the full award was exercised and sold on 13 March 2019.
2010 Executive Share Option Scheme exercise
The Company was also informed on 13 March 2019 that Alan Bannatyne exercised and sold 200,000 ordinary shares pursuant to the 2006 Robert Walters Executive Share Option Scheme at an exercise price of 208p and a sale price of 600p.
Vesting of the deferred bonus shares
The Company was also informed on 13 March 2019 of the sale of 15,677 ordinary shares by Alan Bannatyne at a price of 600p per share pursuant to the vesting of awards previously deferred as part of the Executive Directors' respective bonuses for the financial year ended 31 December 2016 as announced on 15 March 2017 and the financial year ended 31 December 2017 as announced on 1 March 2018 respectively.
Director' Shareholdings
There has been a change 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 | 2,293,188 | 3.03 | 2,452,567 | 3.25 |
Giles Daubeney | 1,656,112 | 2.19 | 1,656,112 | 2.19 |
Alan Bannatyne | 501,960 | 0.66 | 583,583 | 0.77 |
Robert Walters plc's issued share capital now consists of 79,652,285 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 75,578,285.
The above figure of 75,578,285 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 | Sale of Ordinary Shares under the Robert Walters plc Long Term Incentive Plan. | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
600p | 142,141 | ||
(e) | Aggregated information - Aggregated volume - Price |
N/A | |
(f) | Date of the transaction | 13 March 2019 | |
(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 | Sale of Ordinary Shares under the Robert Walters plc Long Term Incentive Plan. | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
600p | 267,482 | ||
(e) | Aggregated information - Aggregated volume - Price |
N/A | |
(f) | Date of the transaction | 13 March 2019 | |
(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 | Sale of ordinary shares pursuant to the vested Robert Walters Performance Share Plan. | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
600p | 86,778 | ||
(e) | Aggregated information - Aggregated volume - Price |
N/A | |
(f) | Date of the transaction | 13 March 2019 | |
(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 | Sale of ordinary shares pursuant to the vested Executive Share Options | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
600p (sale price) | 200,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
N/A | |
(f) | Date of the transaction | 13 March 2019 | |
(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 | Sale of ordinary shares pursuant to the 2019 vested deferred bonus shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
600p | 15,677 | ||
(e) | Aggregated information - Aggregated volume - Price |
N/A | |
(f) | Date of the transaction | 13 March 2019 | |
(g) | Place of the transaction | London Stock Exchange | |