REG - Watkin Jones plc - Issue of Sharesave options and PDMR shareholding

Watkin JonesAnnouncement

05/07/2023 17:15

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RNS Number : 1027F  Watkin Jones plc  05 July 2023

 For immediate release  5 July 2023

 

Watkin Jones plc

('Watkin Jones' or the 'Company')

 

 

Issue of Sharesave options and PDMR shareholding

 

Watkin Jones announces that on 4 July 2023, the Company granted options
("Options") over 2,077,512 ordinary shares pursuant to the Watkin Jones plc
Sharesave Scheme.

 

The Options have a contract start date of 1 August 2023 and normally vest and
become exercisable on completion of the three year savings period. The
exercise price, which was set in accordance with HM Revenue & Customs
rules, is 53.36 pence per ordinary share.

 

Within the Options described above, Options over 16,866 ordinary shares were
granted to Alex Pease, Chief Investment Officer. The Notification of Dealing
Form provided in accordance with the requirements of MAR in relation to this
transaction is set out below.

 

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                                                         Alex Pease

 2    Reason for the notification
 a)   Position/status                                              Executive Director/PDMR

 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 SAYE options
 c)   Price(s) and volume(s)                                       Price  No. of shares
                                                                   53.36  16,866
 d)   Aggregated information

      - Aggregated      volume                                     N/A

      - Price
 e)   Date of the transaction                                      4 July 2023
 f)   Place of the transaction                                      Outside of a trading venue

d)

Aggregated information

- Aggregated      volume

- Price

 

N/A

 

e)

Date of the transaction

4 July 2023

f)

Place of the transaction

 Outside of a trading venue

 

- Ends -

 

 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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