REG - Just Group plc - Director/PDMR Shareholding
01/04/2025 16:00
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RNS Number : 2088D Just Group PLC 01 April 2025
Just Group plc (the "Company")
Grant of Awards under the Just Group plc Deferred Share Bonus Plan (the
"DSBP") and the Just Group plc Long Term Incentive Plan (the "LTIP")
The Company announces that on 31 March 2025 the following Persons Discharging
Managerial Responsibilities "PDMRs" were granted awards over Ordinary Shares
of £0.10 each in the Company under the DSBP and LTIP schemes.
LTIP
Name Date of Grant Performance Award Number of Shares Vesting Date
David Richardson 31.03.25 1,200,706 31.03.28
Mark Godson 31.03.25 512,922 31.03.28
The above awards were granted as nil cost options which are subject to the
achievement of the performance targets in the table below over the three-year
performance period.
PERFORMANCE MEASURE/RATIONALE WEIGHTING THRESHOLD (25% VEST) MAXIMUM
(100% VEST)
Cash Generation 15% £429m £504m
Relative Total Shareholder Return (TSR) against FTSE 250 Peer Group 25% Median of Peer Group Upper quartile of Peer Group or above
Return on Equity (ROE) 45% 36% (equivalent to average of 12% pa) 45% (equivalent to average of 15% p.a.)
ESG - Investments into Sustainable Assets 15% £500m £1,200m
The vested shares will be subject to a two-year holding period following the
end of the performance period.
DSBP
Name Date of Grant Number of shares subject to award Vesting Date
David Richardson 31.03.25 251,798 31.03.28
Mark Godson 31.03.25 143,884 31.03.28
The above awards were granted as nil cost options and were granted in respect
of the deferred bonus for the 2024 financial year.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Richardson
2 Reason for the notification
a) Position/status Group Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Just Group plc
b) LEI 5493006456YEZEELRR90
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 10 pence each
Identification code GB00BCRX1J15
b) Nature of the transaction (i) Receipt of an award as nil cost option under the Just Group plc
Long Term Incentive Plan to vest on 31 March 2028 subject to the achievement
of performance targets; and
(ii) Receipt of an award as nil cost option under the Just Group plc
Deferred Share Bonus Plan to vest on 31 March 2028.
c) Price(s) and volume(s)
Price(s) Volume(s)
(i) Nil 1,200,706
(ii) Nil 251,798
d) Aggregated information
- Aggregated volume 1,452,504
- Price Nil
e) Date of the transaction 2025-03-31
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Godson
2 Reason for the notification
a) Position/status Group Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Just Group plc
b) LEI 5493006456YEZEELRR90
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 10 pence each
Identification code GB00BCRX1J15
b) Nature of the transaction (i) Receipt of an award as nil cost option under the Just Group plc
Long Term Incentive Plan to vest on 31 March 2028 subject to the achievement
of performance targets.
(ii) Receipt of an award as nil cost option under the Just Group plc
Deferred Share Bonus Plan to vest on 31 March 2028.
c) Price(s) and volume(s)
Price(s) Volume(s)
(i) Nil 512,922
(ii) Nil 143,884
d) Aggregated information
- Aggregated volume 656,806
- Price Nil
e) Date of the transaction 2025-03-31
f) Place of the transaction Outside a trading venue
Contact
Simon Watson, Group Company Secretary, +44 (0)20 7444 8400
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