REG - Watkin Jones plc - Director/PDMR Shareholding

Watkin JonesAnnouncement

30/08/2024 15:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240830:nRSd3799Ca&default-theme=true

RNS Number : 3799C  Watkin Jones plc  30 August 2024

30 August 2024

 

Watkin Jones plc

('Watkin Jones' or the 'Company')

 

Director/PDMR Shareholding

 

Watkin Jones plc (AIM:WJG) announces that on 30 August 2024, the following
nominal-cost share award over ordinary shares of 1 penny each in the Company
was granted under the Watkin Jones Long Term Incentive Plan 2018 to the
following person discharging managerial responsibilities ('Award'):

 

 PDMR             Position                 Number of shares granted under the Award    Total number of shares subject to outstanding LTIP Awards
 Simon Jones      Chief Financial Officer  1,531,728                                   1,531,728

 

The Award has a nominal exercise price of one penny per share and normally
becomes exercisable from 21 May 2027, subject to continued employment and
performance based on total shareholder return ('TSR') measured against
absolute growth targets.

 

The absolute TSR targets and underlying three year performance period are the
same as attached to the LTIP Awards granted to others earlier to this year on
30 January 2024 as previously disclosed.  The number of shares under the
Award granted to Mr Jones was also calculated by reference to the same
reference share price as was used for the January 2024 LTIP Awards (being the
Watkin Jones average share price from 1 October 2023 to 29 January 2024).

 

In addition to assessing performance against the TSR targets, the Remuneration
Committee retains discretion to reduce the vesting of the Award 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                                                         Simon Jones
 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       1,531,728
 d)   Aggregated information                                       Not applicable - single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      30 August 2024
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

30 August 2024

f)

Place of the transaction

Outside of a trading venue

 

- Ends -

 

For further information:

 

 Watkin Jones plc
 Alex Pease, Chief Executive Officer   Tel: +44 (0) 20 3617 4453
 Simon Jones, Chief Financial Officer  www.watkinjonesplc.com (http://www.watkinjonesplc.com/)

 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
 James Umbers / Paul Bundred                                             www.jefferies.com (http://www.jefferies.com/)

 

Media enquiries:

 Burson Buchanan
 Henry Harrison-Topham / Steph Whitmore  Tel: +44 (0) 20 7466 5000
 watkinjones@buchanan.uk.com             www.bursonbuchanan.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHSDLFLSELSEFA