12 March 2020
('Wincanton' or the 'Group')
Notification of transaction by Persons Discharging Managerial Responsibilities (“PDMR”)
|1||Details of the person discharging managerial responsibilities / person closely associated|
|2||Reason for the notification|
|b)||Initial notification/Amendment||INITIAL NOTIFICATION|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|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 |
|ORDINARY SHARES OF 10p EACH IN WINCANTON PLC |
|b)||Nature of the transaction||EXERCISE OF OPTION |
EXERCISE OF A NIL-COST OPTION OVER 28,777 ORDINARY SHARES. THE EXERCISE HAS BEEN SETTLED ON A NET SETTLEMENT BASIS, RESULTING IN THE DELIVERY OF 15,251 SHARES WHICH WERE SUBSEQUENTLY SOLD.
|Price(s) and volume(s)|| |
|e)||Date of the transaction||9 MARCH 2020|
|f)||Place of the transaction||London Stock Exchange, Main Market|
For further information please contact:
Wincanton Plc Tel: 01249 710 000
Lyn Colloff, Interim Company Secretary
Buchanan Tel: 020 7466 5000
Richard Oldworth/Vicky Hayns/Tilly Abraham
Notes to Editors
Wincanton is the largest British logistics firm, providing supply chain solutions to some of the world’s most admired brands across a wide range of industries including retail, construction, defence and energy.
As a trusted and respected business partner, we design and implement services and solutions that range from setting up and operating distribution networks through to bonded warehouses, technology hosting, container transport and storage. We strive for operational excellence in everything we do.
We work hard to understand and respond to our customers’ needs, build long term relationships and use our skills and expertise to deliver a smarter, added value service, every day. Our customers rely on us to make their businesses operate more efficiently and to gain a competitive advantage in their sector.
Improved stock visibility and availability, reduction of lead times, collaborative warehousing and transport models, and an absolute commitment to continuous improvement, are just some of the reasons why many of our customer relationships extend to more than 20 years.
Annual revenue in the UK & Ireland exceeds £1.1 billion
Over 17,700 colleagues including 4,000+ drivers
Operates from 200+ locations with 7.6 million square feet of warehousing across the UK and Ireland
Operating responsibility for around 3,400 vehicles