26th Jul 2006 07:01
Walker Greenbank PLC26 July 2006 For Immediate Release 26 July 2006 WALKER GREENBANK PLC ("Walker Greenbank" or "the Company") DIRECTOR SHAREHOLDINGS Walker Greenbank plc (AIM: WGB), the wallpaper, textiles and furnishings business whose brands include Sanderson, Morris & Co, Harlequin and Zoffany, announces that on 25th July 2006 it granted conditional awards of shares to its executive directors under its Long-Term Incentive Plan (LTIP) which was approved by its shareholders at its Annual General Meeting held earlier that day. In accordance with the rules of the LTIP the shares awarded will vest threeyears after the date of grant subject to the Company achieving earnings pershare of 4.36 pence. 90% of the award will vest if the Company achieves earningsper share of 3.92 pence and 110% of the award will vest if the Company achievesearnings per share of 4.8 pence. The awards granted are as follows: John Duncan Sach 732,089 ordinary sharesDavid Harold Smallridge 677,543 ordinary sharesAlan Nigel Dix 453,096 ordinary shares The Remuneration Committee of the Board of Directors believes that the rewardprovides a commonality of interest as it reflects returns to shareholders. In addition to the above awards the executive directors' current shareholdingsin the Company are as follows:-John Duncan Sach 200,000 ordinary sharesDavid Harold Smallridge 100,000 ordinary sharesAlan Nigel Dix 70,000 ordinary shares For further information: Walker Greenbank PLC 01908 658089John Sach, Chief ExecutiveJulian Wilson, Company Secretary Teather & Greenwood 020 7426 9000Mark DickensonRobert Naylor Buchanan Communications 020 7466 5000Amy Rajendran This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WGB.L