REG - Watkin Jones plc - Director/PDMR Shareholding

Watkin JonesAnnouncement

27/02/2026 07:00

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RNS Number : 6120U  Watkin Jones plc  27 February 2026

Watkin Jones plc

27 February 2026

 

Watkin Jones plc

("Watkin Jones" or the "Company")

 

Director/PDMR Shareholding

 

Watkin Jones plc (AIM:WJG) announces that on 26 February 2026, the following
nominal-cost share awards ("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:

 

 PDMR         Position                 Number of shares granted under the Awards
 Alex Pease   Chief Executive Officer  2,310,305
 Simon Jones  Chief Financial Officer  1,902,604

 

The Awards have a nominal exercise price of one penny per share and become
exercisable from the 10th February 2029, subject to continued employment and
to the extent to which performance conditions are met.

The performance conditions metrics and associated sliding scale targets relate
to (i) the Company's total shareholder return performance over the three year
period following the grant of the awards relative to that a comparator group
comprising the current constituents of the FTSE Allshare Real Estate Sector
excluding agencies and FTSE 100 companies (40% weighting); (ii) cumulative
adjusted EPS performance for FY26, FY27 and FY28 (40% weighting); and (iii) a
measure of Pipeline as at the end of FY28 (20% weighting).

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.

Further details of the performance conditions will be disclosed in the next
year's Directors' Remuneration Report.

The Awards noted above are subject to a two-year post holding period in
respect of vested shares on a net of tax basis.

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                                                         1.    Alex Pease

                                                                   2.    Simon Jones

 2    Reason for the notification
 a)   Position/status                                              1.    Chief Executive Officer

                                                                   2.    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 Awards under the Watkin Jones Deferred Long Term Incentive Plan 2018
 c)   Price(s) and volume(s)                                       Price(s)       Volume(s)
                                                                   1.    Nil      1.    2,310,305

                                                                   2.    Nil      2.    1,902,604
 d)   Aggregated information

      - Aggregated volume                                          Not applicable single transactions

      - Price                                                      Nil

 e)   Date of the transaction                                      26 February 2026
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable single transactions

Nil

 

e)

Date of the transaction

26 February 2026

f)

Place of the transaction

Outside of a trading venue

 

- Ends -

 For further information:

 Watkin Jones plc
 Simon Jones, Chief Financial Officer  Tel: +44 (0) 20 3617 4453
                                       www.watkinjonesplc.com
                                       (https://protect.checkpoint.com/v2/r06/___http:/www.watkinjonesplc.com___.ZXV3MjpuZXh0MTU6YzpvOjY4MTMwMDY4ZTkyZjFiNzExNjJhMmQxNzU0OTY4MWIwOjc6MjNmODpjMjdkODJmNWJmNDM4MzRjYzcwNDUxOWQ4MjVkOGEzYjFkNDNhMzY0YjY0N2UzMGQ1NTQ5ZGVlMTNkNzMyMTk1OnA6RjpU)

 

 

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 over 51,000 student beds
across 150 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, where it has delivered 3,400 apartments across
19 schemes to date. In addition, Fresh, the Group's specialist accommodation
management business, manages c.21,000 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

 

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