REG - Watkin Jones plc - Issue of Equity & Director/PDMR Shareholding

Watkin JonesAnnouncement

08/06/2022 07:00

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RNS Number : 1216O  Watkin Jones plc  08 June 2022

 For immediate release  8 June 2022

 

Watkin Jones plc

('Watkin Jones' or the 'Company')

 

 

Issue of Equity

Director/PDMR Shareholding

 

Watkin Jones plc (AIM: WJG) announces that it has issued and allotted 266,908
ordinary shares of 1 penny each in the Company ("Ordinary Shares") pursuant to
the exercise of awards under the Company's Long Term Incentive Plan ("LTIP").

 

Accordingly, application has been made for the 266,908 new Ordinary Shares to
be admitted to trading on AIM ("Admission"). It is expected that Admission
will become effective, and that dealings will commence in the new Ordinary
Shares at 08.00 a.m. on 9 June 2022. The new Ordinary Shares will rank, pari
passu, with the existing Ordinary Shares.

 

In order to meet the costs of the exercise, and the personal taxation
liabilities arising on the exercise, Richard Simpson, Chief Executive Officer
of the Company, has sold, in aggregate, 63,793 Ordinary Shares, each at a
price of 231.5p per Ordinary Share, which is set out in the table below. The
balance of the new Ordinary Shares have been retained by Richard Simpson in
accordance with the terms of the LTIP.

 Name             Role                     Number of Ordinary Shares exercised  Number of Ordinary Shares sold  Resulting interest in Ordinary Shares  Resulting percentage of Ordinary Shares
 Richard Simpson  Chief Executive Officer  130,516                              63,793                          583,710                                0.23%

 

Total Voting Rights

 

Following Admission, the Company's total issued share capital will comprise
256,430,367 Ordinary Shares. The Company does not hold any shares in treasury.
Therefore the total number of voting rights in the Company will be
256,430,367. This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change of interest in, the share
capital of the Company under the FCA's Disclosure, Guidance and Transparency
Rules.

 

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 instrument, type of instrument  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: GB00BD6RF223
 b)   Nature of the transaction                                    Exercise of awards under the LTIP
 c)   Price(s) and volume(s)                                       Price  No. of shares
                                                                   1p     130,516
 d)   Aggregated information

      - Aggregated      volume

      - Price                                                      n/a

 e)   Date of the transaction                                      1 June 2022
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated      volume

- Price

 

 

n/a

 

e)

Date of the transaction

1 June 2022

f)

Place of the transaction

Outside of a trading venue

 

 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                                    Sale of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price   No. of shares
                                                                   231.5p  63,793
 d)   Aggregated information

      - Aggregated      volume

      - Price                                                      n/a

 e)   Date of the transaction                                      1 June 2022
 f)   Place of the transaction                                     London Stock Exchange, AIM

d)

Aggregated information

- Aggregated      volume

- Price

 

 

n/a

 

e)

Date of the transaction

1 June 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

- Ends -

 

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

 

 

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