REG - Watkin Jones plc - Director/PDMR Shareholding

Watkin JonesAnnouncement

06/02/2023 07:00

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RNS Number : 9251O  Watkin Jones plc  06 February 2023

6 February 2023

 

Watkin Jones plc

('Watkin Jones' or the 'Company')

 

Director/PDMR Shareholding

 

Watkin Jones plc (AIM:WJG) announces that on 3 February 2023, 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 shares subject to outstanding LTIP Awards
 Richard Simpson  Chief Executive Officer   732,752                                      1,878,473
 Sarah Sergeant   Chief Financial Officer   279,255                                      393,323
 Alex Pease       Chief Investment Officer  265,957                                      555,981

 

The Awards have a nominal exercise price of one penny per share and normally
become exercisable after three years from the date of grant, subject to
continued employment and performance based on the Company's total shareholder
return relative to the constituents of the FTSE 350 Real Estate Sector
(excluding agencies) (50%) and earnings per share performance (50%), each
measured over a three-year performance period.

 

The Remuneration Committee intends to set the EPS target range within 6 months
of grant of the Awards. If the Committee does not set the EPS target range for
any reason, Awards will be determined by reference to relative TSR in respect
of 100% of each Award.

 

In addition to assessing the performance conditions, which will be disclosed
in full detail in next year's Directors' Remuneration Report, the Remuneration
Committee retains discretion to reduce the vesting of Awards 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:

 

 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 instrument, type of instrument  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: GB00BD6RF223
 b)   Nature of the transaction                                    Grant of Award under the Watkin Jones Long Term Incentive Plan 2018
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   Nil       732,752
 d)   Aggregated information                                       Not applicable

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      3 February 2023
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

3 February 2023

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 instrument, type of instrument  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: GB00BD6RF223
 b)   Nature of the transaction                                    Grant of Award under the Watkin Jones Long Term Incentive Plan 2018
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   Nil       279,255
 d)   Aggregated information                                       Not applicable

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      3 February 2023
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

3 February 2023

f)

Place of the transaction

Outside of a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Alex Pease
 2    Reason for the notification
 a)   Position/status                                              Chief Investment 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 instrument, type of instrument  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: GB00BD6RF223
 b)   Nature of the transaction                                    Grant of Award under the Watkin Jones Long Term Incentive Plan 2018
 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   Nil       265,957
 d)   Aggregated information                                       Not applicable

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      3 February 2023
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

Not applicable

e)

Date of the transaction

3 February 2023

f)

Place of the transaction

Outside of a trading venue

 

- Ends -

 

For further information:

 

 Watkin Jones plc
 Richard Simpson, Chief Executive Officer                        Tel: +44 (0) 20 3617 4453
 Sarah Sergeant, Chief Financial Officer                         www.watkinjonesplc.com

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

 Jefferies Hoare Govett (Joint Corporate Broker)                 Tel: +44 (0) 20 7029 8000
 James Umbers / David Sheehan / Paul Bundred                     www.jefferies.com

 Media enquiries:
 Buchanan
 Henry Harrison-Topham / Jamie Hooper                            Tel: +44 (0) 20 7466 5000
 watkinjones@buchanan.uk.com                                     www.buchanan.uk.com

 

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