REG - Watkin Jones plc - Director/PDMR Shareholding

Watkin JonesAnnouncement

02/02/2022 07:00

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RNS Number : 3901A  Watkin Jones plc  02 February 2022

 For immediate release  2 February 2022

 

 

Watkin Jones plc

('Watkin Jones' or the 'Company')

 

Director/PDMR Shareholding

 

Watkin Jones plc (AIM:WJG) announces that on 31 January 2022 the following
nominal-cost share awards over ordinary shares of 1 penny each in the Company
were granted under the Watkin Jones Long Term Incentive Plan 2018 to the
following persons discharging managerial responsibilities ("Awards"):

 

 PDMR             Position                 Number of shares granted under the Awards  Total number of LTIP options

                                                                                      held
 Richard Simpson  Chief Executive Officer  299,310                                    1,488,030
 Sarah Sergeant   Chief Financial Officer  114,068                                    114,068

 

The Awards have an exercise price of one penny per share and become
exercisable after three years from the date of grant, subject to continued
employment and performance based on the Company's total shareholder return and
earnings per share performance over a three-year performance period.  In
addition to assessing the performance conditions, the Remuneration Committee
retains the discretion to adjust the Awards downwards at vesting to ensure
that all relevant factors are taken into account, including the consideration
of any windfall gains.

 

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail:

 

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                                      Richard Simpson
 2    Reason for the notification
 a)   Position/status                           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                                      Watkin Jones plc

 b)   LEI                                       2138009X19O21NU5SG79

 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              Ordinary Shares of £0.01 each

      instrument, type of instrument

      Identification code                       ISIN: GB00BD6RF223
 b)   Nature of the transaction                 Grant of options
 c)   Price(s) and volume(s)                    Price(s)  Volume(s)
                                                Nil       299,310
 d)   Aggregated information

      - Aggregated volume

      - Price
 e)   Date of the transaction                   31 January 2022
 f)   Place of the transaction                  Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

e)

Date of the transaction

31 January 2022

f)

Place of the transaction

Outside of a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                      Sarah Sergeant
 2    Reason for the notification
 a)   Position/status                           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                                      Watkin Jones plc

 b)   LEI                                       2138009X19O21NU5SG79

 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              Ordinary Shares of £0.01 each

      instrument, type of instrument

      Identification code                       ISIN: GB00BD6RF223
 b)   Nature of the transaction                 Grant of options
 c)   Price(s) and volume(s)                    Price(s)  Volume(s)
                                                Nil       114,068
 d)   Aggregated information

      - Aggregated volume

      - Price
 e)   Date of the transaction                   31 January 2022
 f)   Place of the transaction                  Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

e)

Date of the transaction

31 January 2022

f)

Place of the transaction

Outside of a trading venue

 

 

For further information:

 Watkin Jones plc
 Richard Simpson, Chief Executive Officer                         Tel: +44 (0) 20 3617 4453

 Sarah Sergeant, Chief Financial Officer

 Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker)       Tel: +44 (0) 20 7418 8900
 Mike Bell / Ed Allsopp                                           www.peelhunt.com (http://www.peelhunt.com/)

 Jefferies Hoare Govett (Joint Corporate Broker)                  Tel: +44 (0) 20 7029 8000
 Max Jones / James Umbers                                         www.jefferies.com (http://www.jefferies.com/)

Media enquiries:

 Buchanan
 Henry Harrison-Topham / Steph Whitmore  Tel: +44 (0) 20 7466 5000

 watkinjones@buchanan.uk.com             www.buchanan.uk.com

 

Notes to Editors

Watkin Jones is the UK's leading developer and manager of residential for
rent, with a focus on the build to rent, student accommodation and affordable
housing sectors. The Group has strong relationships with institutional
investors, and a reputation for successful, on-time-delivery of high quality
developments.  Since 1999, Watkin Jones has delivered 46,000 student beds
across 136 sites, making it a key player and leader in the UK purpose-built
student accommodation market, and is increasingly expanding its operations
into the build to rent sector.  In addition, Fresh, the Group's specialist
accommodation management business, manages over 22,000 student beds and build
to rent apartments on behalf of its institutional clients.  Watkin Jones has
also been responsible for over 80 residential developments, ranging from
starter homes to executive housing and apartments.

 

The Group's competitive advantage lies in its experienced management team and
capital-light business model, which enables it to offer an end-to-end solution
for investors, delivered entirely in-house with minimal reliance on third
parties, across the entire life cycle of an asset.

 

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker
WJG.L.  For additional information please visit www.watkinjonesplc.com
(http://www.watkinjonesplc.com/)

 

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