REG - Watkin Jones plc - Issue of Equity

Watkin JonesAnnouncement

15/05/2023 10:45

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RNS Number : 4241Z  Watkin Jones plc  15 May 2023

 For immediate release  15 May 2023

 

Watkin Jones plc

('Watkin Jones' or the 'Company')

 

Issue of Equity

 

Watkin Jones plc (AIM: WJG) announces that it has issued and allotted 10,886
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 10,886 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 8am (BST) on 16 May 2023.  The new Ordinary Shares will rank, pari
passu, with the existing Ordinary Shares.

 

Total Voting Rights

 

Following Admission, the Company's total issued share capital will comprise
256,441,253 Ordinary Shares.  The Company does not hold any shares in
treasury.  Therefore, the total number of voting rights in the Company will
be 256,441,253.  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.

 

- 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 (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 / David Sheehan / Paul Bundred                                 www.jefferies.com (http://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

 

 

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 48,000 student beds
across 143 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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