Wilmington PLC Director/PDMR Shareholding (6342N)
01 October 2021 - 4:00PM
UK Regulatory
TIDMWIL
RNS Number : 6342N
Wilmington PLC
01 October 2021
1 October 2021
Wilmington plc
Director/PDMR Shareholding
On 30 September 2021, nil cost awards over 541,852 ordinary
shares in Wilmington plc (the "Company") and options with a per
share exercise price of GBP2.23 over 232,657 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) 164,946
---------------------------------
Guy Millward (Executive Director) 119,488
---------------------------------
Thomas Mount (PDMR) 41,517
---------------------------------
Richard Shamsi (PDMR) 57,226
---------------------------------
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.
The performance conditions applicable to the awards granted to the
Executive Directors and other PDMRs are outlined below:
Final Year EPS Extent to which the EPS Performance
Condition is satisfied
21.5 pence or more than 21.5
pence 100%
-----------------------------------------
More than 18.0 pence but less On a straight line basis between
than 21.5 pence 25% and 100%
-----------------------------------------
18.0 pence 25%
-----------------------------------------
Less than 18.0 pence 0%
-----------------------------------------
Organic Revenue Growth CAGR Extent to which the Strategic
Performance Condition is satisfied
9% or more than 9% 100%
-----------------------------------------
More than 7% but less than 9% On a straight line basis between
25% and 100%
-----------------------------------------
7% 25%
-----------------------------------------
Less than 7% 0%
-----------------------------------------
Underpin Performance Condition
The performance condition will be satisfied if average Return on
Capital Employed 'ROCE' over the performance period is at least
10%.
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 020 490 0049
Guy Millward
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 training in the global
Governance, Risk and Compliance (GRC) markets. Wilmington employs
close to 1,000 people and sells to around 120 countries. Wilmington
is listed 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 Initial Notification
/ amendment
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 Ordinary Shares in Wilmington plc
instrument, ISIN: GB0009692319
type of instrument
Identification
code
b) Nature of the Grant of award over Ordinary Shares under the
transaction Company's Performance Share Plan 2017
c) Price(s) and Price(s) Volume(s)
volume(s) Nil Cost 164,946
d) Aggregated
information N/A
Aggregated
volume
Price
e) Date of the 30 September 2021
transaction
f) Place of the Outside a trading venue
transaction
1. Details of the Person Discharging Managerial Responsibility
("PDMR") / person closely associated with them ("PCA")
a) Name Guy Millward
2. Reason for the notification
a) Position /status Chief Financial Officer
b) Initial notification Initial Notification
/ amendment
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 Ordinary Shares in Wilmington plc
instrument, ISIN: GB0009692319
type of instrument
Identification
code
b) Nature of the Grant of award over Ordinary Shares under the
transaction Company's Performance Share Plan 2017
c) Price(s) and Price(s) Volume(s)
volume(s) Nil Cost 119,488
d) Aggregated
information N/A
Aggregated
volume
Price
e) Date of the 30 September 2021
transaction
f) Place of the Outside a trading venue
transaction
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 Initial Notification
/ amendment
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 Ordinary Shares in Wilmington plc
instrument, ISIN: GB0009692319
type of instrument
Identification
code
b) Nature of the Grant of award over Ordinary Shares under the
transaction Company's Performance Share Plan 2017
c) Price(s) and Price(s) Volume(s)
volume(s) Nil Cost 57,226
d) Aggregated
information N/A
Aggregated
volume
Price
e) Date of the 30 September 2021
transaction
f) Place of the Outside a trading venue
transaction
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 Initial Notification
/ amendment
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 Ordinary Shares in Wilmington plc
instrument, ISIN: GB0009692319
type of instrument
Identification
code
b) Nature of the Grant of award over Ordinary Shares under the
transaction Company's Performance Share Plan 2017
c) Price(s) and Price(s) Volume(s)
volume(s) Nil Cost 41,517
d) Aggregated
information N/A
Aggregated
volume
Price
e) Date of the 30 September 2021
transaction
f) Place of the Outside a trading venue
transaction
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