WGB.L Regulatory News (WGB)

WALKER GREENBANK PLC

("Walker Greenbank" or "the Company")

Director Shareholdings

Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co, Harlequin, Zoffany and Scion, announces that it has today granted conditional awards of ordinary shares of 1p each in the Company ("Ordinary Shares") in the form of nil-cost options to its executive directors under its Long-Term Incentive Plan ("LTIP") based on a closing mid-market price on 15 May 2013 of 111.5 pence per Ordinary Share. 

In accordance with the rules of the LTIP, the Ordinary Shares awarded will vest three years after the date of grant subject to the satisfaction of performance conditions. 50% of the award is measured against a cumulative earnings per share target over the 3 year period from 1 February 2013 to 31 January 2016 and 50% of the award is against a measurement of Total Shareholder Return ("TSR") of the Company against a comparator group of AIM companies ranked by market capitalisation as at 15 May 2013, with a base level profit before tax underpin of £6.75 million for the year ended 31 January 2016. This relevant TSR measurement is on a sliding scale, with no vesting until the Company reaches at least median position within the comparator group. The comparator group chosen is the AIM companies ranked 101 to 200 by market capitalisation.

The awards granted under the LTIP on the basis of the Company achieving the maximum targets:

The Remuneration Committee of the Board of Directors believes that today's award aligns management reward with the creation of returns to the Company's shareholders.

For further information: