WGB.L Regulatory News (WGB)

25 May 2007 09:07

Walker Greenbank PLC25 May 2007 For immediate release 25 May 2007 WALKER GREENBANK PLC ("Walker Greenbank" or "the Company") Director Shareholdings Walker Greenbank plc (AIM: WGB), the designer, manufacturer and distributor offurnishing fabrics and wallpapers whose international brands include Sanderson,Morris & Co, Harlequin and Zoffany, announces that on 24 May 2007 it grantedconditional awards of ordinary shares of 1p each in the Company ("OrdinaryShares") to its executive directors under its Long-Term Incentive Plan ("LTIP")based on a closing mid-market price on 24 May 2007 of 53.0 pence per OrdinaryShare. In accordance with the rules of the LTIP, the Ordinary Shares awarded will vestfour years after the date of grant subject to the Company achieving earnings perOrdinary Share of 6.55 pence. 75 per cent. of the award will vest if the Companyachieves earnings per Ordinary Share of 6.0 pence and 125 per cent. of the awardwill vest if the Company achieves earnings per Ordinary Share of 7.1 pence. The awards granted under the LTIP on the basis of the Company achieving earningsper Ordinary Share of 6.55 pence are as follows: John Duncan Sach 396,226 Ordinary SharesDavid Harold Smallridge 283,019 Ordinary SharesAlan Nigel Dix 226,415 Ordinary Shares The Remuneration Committee of the Board of Directors believes that yesterday'saward provides a commonality of interest as it reflects returns to the Company'sshareholders. The executive directors' current shareholdings in the Company are as follows: John Duncan Sach 590,000 Ordinary SharesDavid Harold Smallridge 100,000 Ordinary SharesAlan Nigel Dix 112,000 Ordinary Shares For further information: Walker Greenbank PLC 08708 300077John Sach, Chief ExecutiveJulian Wilson, Company Secretary Teather & Greenwood 020 7426 9000Tom Hulme Buchanan Communications 020 7466 5000Mark Court/Suzanne Brocks This information is provided by RNS The company news service from the London Stock Exchange