REG - St. James's Place - Director/PDMR Shareholding
11/12/2024 09:30
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RNS Number : 6844P St. James's Place PLC 11 December 2024
PDMR SHAREHOLDING
11 December 2024
Grant of Buyout Awards - Caroline Waddington
Caroline Waddington was appointed to the Company's Board of Directors as Chief
Financial Officer on 16 September 2024.
On 10 December 2024, Caroline was granted the following nil-cost options over,
in aggregate, 103,140 Ordinary Shares of 15 pence each (a "Share") under an
arrangement to which Listing Rule 9.3.2 (2) applies in respect of the buy-out
of share awards that Caroline forfeited on leaving her previous employment.
The number of Shares awarded has been calculated using a market price of
£7.128 per Share, being the average of the quoted closing prices of a Share
for the five (5) dealing days immediately prior to 16 September 2024.
The nil-cost options will vest in tranches on the vesting dates shown in the
table below, subject to the achievement of performance conditions where the
nil-cost option has been granted to replace an award from Caroline's previous
employer which was subject to performance conditions and to her continued
employment. Following vesting, Caroline will have a period of three years
within which she may exercise the relevant nil-cost option.
Dividend equivalents apply to certain of the nil-cost options, and which may
result in the delivery of additional Shares (or cash) to Caroline when the
relevant nil-cost option is exercised.
Post-vesting holding periods will apply to any nil-cost options which have
been granted to replace awards from Caroline's previous employer which were
subject to post-vesting holding periods. The post-vesting periods will end
on the same date as they would have ended for the original award granted by
Caroline's previous employer.
Appropriate malus and clawback provisions will apply to the nil-cost options.
PDMR No. of shares under option (conditional awards) No. of shares under option (performance awards) Vesting Date
Caroline Waddington 1,640 3,358 25 March 2025
4,369 5,478 25 March 2026
3,816 0 11 August 2026
3,991 14,853 25 March 2027
3,816 0 11 August 2027
3,548 14,965 25 March 2028
3,816 0 11 August 2028
3,183 14,355 25 March 2029
3,820 0 11 August 2029
2,918 11,394 25 March 2030
3,820 0 11 August 2030
Total 38,737 64,403
The Remuneration Committee believes that these awards fairly reflect the share
awards Caroline forfeited in terms of value and timescale of vesting.
Grant of Buyout Awards - Hestie Reinecke
Hestie Reinecke was appointed as Chief Risk Officer on 1 October 2024.
On 10 December 2024, Hestie was granted the following awards over 131,861
Shares in respect of the buy-out of share awards that Hestie forfeited on
leaving her previous employment. The number of Shares awarded has been
calculated using a market price of £7.245 per Share, being the quoted closing
price of a Share on 1 October 2024.
The nil-cost options will vest in tranches on the vesting dates shown in the
table below, subject to the achievement of performance conditions where the
nil-cost option has been granted to replace an award from Hestie's previous
employer which was subject to performance conditions and to her continued
employment. Following vesting, Hestie will have a period of three years within
which she may exercise the relevant nil-cost option.
Appropriate malus and clawback provisions will apply to the nil-cost options.
PDMR No. of shares under option (conditional awards) No. of shares under option (performance awards) Vesting Date
Hestie Reinecke 45,027 11,876 12 April 2025
38,153 8,441 12 April 2026
21,275 7,089 26 March 2027
Total 104,455 27,406
The Remuneration Committee believes that these awards fairly reflect the share
awards Hestie forfeited in terms of value and timescale of vesting.
Grant of Buyout Awards - Paul Loftus
Paul Loftus was appointed as General Counsel on 1 December 2024.
On 10 December 2024, Paul was granted the following awards over 6,180 Shares
in respect of the buy-out of share awards that Paul forfeited on leaving his
previous employment. The number of Shares awarded has been calculated using a
market price of £9.035 per Share, being the quoted closing price of a Share
on 2 December 2024.
The nil-cost options will vest in tranches on the vesting dates shown in the
table below, subject to Paul's continued employment. Following vesting, Paul
will have a period of three years within which he may exercise the relevant
nil-cost option.
Post-vesting holding periods will apply to any nil-cost options which have
been granted to replace awards from Paul's previous employer which were
subject to post-vesting holding periods. The post-vesting periods will end
on the same date as they would have ended for the original award granted by
Paul's previous employer.
Appropriate malus and clawback provisions will apply to the nil-cost options.
PDMR No. of shares under option (conditional awards) Vesting Date
Paul Loftus 3,021 7 March 2025
2,235 9 March 2026
924 8 March 2027
Total 6,180
The Remuneration Committee believes that these awards fairly reflect the share
awards Paul forfeited in terms of value and timescale of vesting.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
This announcement is made in accordance with the UK Market Abuse Regulation
(Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018).
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Caroline Waddington
2 Reason for the notification
a) Position/status PDMR/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 St. James's Place plc
b) LEI 213800M993ICXOMBCP87
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
Transition 1
a) Description of the financial instrument, type of instrument
Ordinary shares of 15p each
Identification code
GB0007669376
b) Nature of the transaction Grant of buyout share options under an arrangement to which Listing Rule 9.3.2
(2) applies
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 103,140
d) Aggregated information:
- Aggregated volume 103,140
- Price Nil
e) Date of the transaction 10 December 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
- Aggregated volume
- Price
103,140
Nil
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Hestie Reinecke
2 Reason for the notification
a) Position/status PDMR/Chief Risk Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name St. James's Place plc
b) LEI 213800M993ICXOMBCP87
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
Transition 1
a) Description of the financial instrument, type of instrument
Ordinary shares of 15p each
Identification code
GB0007669376
b) Nature of the transaction Grant of buy-out share awards under the St. James's Place plc CRO Buyout
Awards Agreement
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 131,861
d) Aggregated information:
- Aggregated volume 131,861
- Price Nil
e) Date of the transaction 10 December 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
- Aggregated volume
- Price
131,861
Nil
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Paul Loftus
2 Reason for the notification
a) Position/status PDMR/General Counsel
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name St. James's Place plc
b) LEI 213800M993ICXOMBCP87
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
Transition 1
a) Description of the financial instrument, type of instrument
Ordinary shares of 15p each
Identification code
GB0007669376
b) Nature of the transaction Grant of buy-out share awards under the St. James's Place plc GC Buyout Awards
Agreement
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 6,180
d) Aggregated information:
- Aggregated volume 6,180
- Price Nil
e) Date of the transaction 10 December 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
- Aggregated volume
- Price
6,180
Nil
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
Outside a trading venue
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