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1 Oct 2020 09:42
1 October 2020
Wilmington plcDirector/PDMR Shareholding
On 30 September 2020, nil cost awards over 997,445 ordinary shares in Wilmington plc (the "Company") and options with a per share exercise price of £1.225 over 443,572 ordinary shares in the Company were granted under the Wilmington Performance Share Plan 2017 (the "Plan") to employees of the Company and its subsidiaries, of which the following nil cost awards were made to Directors of the Company and other Persons Discharging Managerial Responsibilities ("PDMRs"):
Name of Director/PDMR | Number of shares under the Award |
Mark Milner (Executive Director) | 285,714 |
Richard Amos (Executive Director) | 159,596 |
Tamara Kahn (PDMR) | 91,837 |
Thomas Mount (PDMR) | 67,347 |
Richard Shamsi (PDMR) | 102,041 |
No consideration was paid for the grant of the awards. The vesting of the awards and options is subject to the satisfaction of performance conditions, which will be assessed over three years. Having regard to the uncertainty caused by the Covid-19 pandemic, the Remuneration Committee has decided to defer setting exact performance measures and targets at this point, and these will be set by the latest at the mid-point of financial year 2021. The performance measures and targets for the Executive Directors' will be confirmed in the Directors' Remuneration Report for the 2021 financial year.
Each award and option is granted subject to a condition that the Remuneration Committee may reduce the extent of vesting if and to the extent it considers that any of the value of the award or option represents a windfall gain caused by the impact on the price of a share of the Covid-19 pandemic.
The awards granted to the Executive Directors and other PDMRs are subject to an additional condition that ordinarily all of the shares acquired (after sales to cover tax) must be retained until the second anniversary of the vesting date.
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
For further information, please contact:
Wilmington plc 020 7422 6800
Richard Amos
Chief Financial Officer and Company Secretary
Notes to Editors
Wilmington plc is the recognised knowledge leader and partner of choice for data, information, education and networking in Risk & Compliance, Healthcare and Professional areas. Wilmington employs close to 1,000 people and sells to around 120 countries. Wilmington is a premium listed company on the main market of the London Stock Exchange.
1. | Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
| ||||||
a) | Name | Mark Milner | |||||
2. | Reason for the notification
| ||||||
a) | Position /status | Chief Executive Officer | |||||
b) | Initial notification / amendment | Initial Notification | |||||
3. | Details of the Issuer | ||||||
a) | Name | Wilmington plc
| |||||
b) | LEI code | N/A | |||||
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, type of instrument Identification code |
Ordinary Shares in Wilmington plc ISIN: GB0009692319 | |||||
b) |
Nature of the transaction |
Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information Aggregated volume Price
|
N/A
| |||||
e) | Date of the transaction | 30 September 2020 | |||||
f) |
Place of the transaction |
Outside a trading venue | |||||
1. | Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
| ||||||
a) | Name | Richard Amos | |||||
2. | Reason for the notification
| ||||||
a) | Position /status | Chief Financial Officer | |||||
b) | Initial notification / amendment | Initial Notification | |||||
3. | Details of the Issuer | ||||||
a) | Name | Wilmington plc
| |||||
b) | LEI code | N/A | |||||
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, type of instrument Identification code |
Ordinary Shares in Wilmington plc ISIN: GB0009692319 | |||||
b) |
Nature of the transaction |
Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information Aggregated volume Price
|
N/A
| |||||
e) | Date of the transaction | 30 September 2020 | |||||
f) |
Place of the transaction |
Outside a trading venue | |||||
1. | Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
| ||||||
a) | Name | Richard Shamsi | |||||
2. | Reason for the notification
| ||||||
a) | Position /status | Chief Operating Officer | |||||
b) | Initial notification / amendment | Initial Notification | |||||
3. | Details of the Issuer | ||||||
a) | Name | Wilmington plc
| |||||
b) | LEI code | N/A | |||||
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, type of instrument Identification code |
Ordinary Shares in Wilmington plc ISIN: GB0009692319 | |||||
b) |
Nature of the transaction |
Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information Aggregated volume Price
|
N/A
| |||||
e) | Date of the transaction | 30 September 2020 | |||||
f) |
Place of the transaction |
Outside a trading venue | |||||
1. | Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
| ||||||
a) | Name | Tamara Kahn | |||||
2. | Reason for the notification
| ||||||
a) | Position /status | Divisional Director | |||||
b) | Initial notification / amendment | Initial Notification | |||||
3. | Details of the Issuer | ||||||
a) | Name | Wilmington plc
| |||||
b) | LEI code | N/A | |||||
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, type of instrument Identification code |
Ordinary Shares in Wilmington plc ISIN: GB0009692319 | |||||
b) |
Nature of the transaction |
Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information Aggregated volume Price
|
N/A
| |||||
e) | Date of the transaction | 30 September 2020 | |||||
f) |
Place of the transaction |
Outside a trading venue | |||||
1. | Details of the Person Discharging Managerial Responsibility ("PDMR") / person closely associated with them ("PCA")
| ||||||
a) | Name | Thomas Mount | |||||
2. | Reason for the notification
| ||||||
a) | Position /status | Chief Technology Officer | |||||
b) | Initial notification / amendment | Initial Notification | |||||
3. | Details of the Issuer | ||||||
a) | Name | Wilmington plc
| |||||
b) | LEI code | N/A | |||||
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, type of instrument Identification code |
Ordinary Shares in Wilmington plc ISIN: GB0009692319 | |||||
b) |
Nature of the transaction |
Grant of award over Ordinary Shares under the Company's Performance Share Plan 2017 | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information Aggregated volume Price
|
N/A
| |||||
e) | Date of the transaction | 30 September 2020 | |||||
f) |
Place of the transaction |
Outside a trading venue | |||||
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