ROBERT WALTERS PLC — Director's Dealing 2018

Mar 5, 2018

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RNS Number : 6114G

Robert Walters PLC

05 March 2018

5 March 2018

ROBERT WALTERS PLC

(the "Company")

Directors' Shareholdings

2018 Deferred bonus shares

The Company announces that the Executive Directors listed in the table below have deferred part of their respective annual bonuses for the financial year ended 31 December 2017 into ordinary shares of 20p each in the Company ("Ordinary Shares"), as required by the Company's Remuneration Policy. Accordingly, on 1 March 2018, the Executive Directors were awarded a conditional right to receive Ordinary Shares, payable in equal tranches at the end of 31 December 2018 and 31 December 2019. The number of Ordinary Shares deferred and net of tax, as shown below, was calculated by reference to the price of £6.55 per share, being the purchase price on 2 March 2018.

Directors	Deferred Ordinary Shares
Robert Walters	22,667
Giles Daubeney	20,109
Alan Bannatyne	13,839
Total	56,615

The total of 56,615 Ordinary Shares were purchased by the Company on 2 March 2018 at the market price of £6.55 per share and will be held by the Company until the date of vesting, half at the end of 31 December 2018 and half at the end of 31 December 2019.

2018 PSP awards

The Company also announces that the following awards were made to the Executive Directors under the 2014 Robert Walters Performance Share Plan on 1 March 2018:

Director	No. of Ordinary Shares awarded
Robert Walters	172,055
Giles Daubeney	152,639
Alan Bannatyne	105,054
Total	429,748

The awards, which were made in the form of options at nil cost, are subject to performance conditions. Vesting will normally not occur before three years have elapsed.

Vesting of deferred bonus shares

The Company was informed on 1 March 2018 of the following transfers of Ordinary Shares pursuant to the vesting of awards previously deferred as part of the Executive Directors' respective bonuses for the financial year ended 31 December 2015 as announced on 11 March 2016 and the financial year ended 31 December 2016 as announced on 15 March 2017 respectively.

Directors	2016 Deferred Ordinary Shares vested	2017 Deferred Ordinary Shares vested	Total Deferred Ordinary Shares vested
Robert Walters	22,540	14,695	37,235
Giles Daubeney	18,792	12,989	31,781
Alan Bannatyne	13,762	8,758	22,520
Total	55,094	36,442	91,535

2015 PSP vesting

The Company was informed on 1 March 2018 of the following share awards being exercised by the Executive Directors in Ordinary Shares.

Director	Number of PSP Awards exercised
Robert Walters	291,292
Giles Daubeney	242,861
Alan Bannatyne	177,852
Total	712,005

These dealings were pursuant to the vesting of awards under the Robert Walters Long Term Incentive Plan ("LTIP") on 1 March 2018. 

Directors' Shareholdings

There has therefore been an increase 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	2,224,624	2.95	2,553,151	3.39%
Giles Daubeney	1,633,069	2.17	1,907,711	2.53%
Alan Bannatyne	486,283	0.65	686,655	0.91%

Robert Walters plc's issued share capital now consists of 79,374,520 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 75,300,520.

The above figure of 75,300,520 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	Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0p	328,527
(e)	Aggregated information -            Aggregated volume -           Price	37,235 (deferred bonus) , 291,292 (LTIP) 0p
(f)	Date of the transaction	1 March 2018
(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	Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0p	274,642
(e)	Aggregated information -            Aggregated volume -           Price	31,781 (deferred bonus), 242,861 (LTIP) 0p
(f)	Date of the transaction	1 March 2018
(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	Ordinary Shares received/exercised under the deferred bonus scheme and the Robert Walters plc Long Term Incentive Plan.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0p	200,372
(e)	Aggregated information -            Aggregated volume -           Price	22,520 (deferred bonus), 177,852 (LTIP) 0p
(f)	Date of the transaction	1 March 2018
(g)	Place of the transaction	London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

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