REG - Watkin Jones plc - Director/PDMR Shareholding
RNS Number : 4395NWatkin Jones plc01 February 2021
For immediate release
1 February 2021
Watkin Jones plc
('Watkin Jones' or the 'Company')
Director/PDMR Shareholding
Watkin Jones plc (AIM:WJG), the UK's leading developer and manager of residential for rent with a focus on the build to rent and purpose built student accommodation sectors, announces that on 29 January 2021 the following nominal-cost share awards over ordinary shares of 1p each in the Company were granted under the Watkin Jones Long Term Incentive Plan 2018 to the following persons discharging managerial responsibilities:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
PDMR
Position
No. of shares under Option
Richard Simpson
Chief Executive Officer
386,402
Philip Byrom
Chief Financial Officer
132,664
The awards have an exercise price of one penny per share and become exercisable after three years from the date of grant subject to continued employment and performance based on the Company's total shareholder return and earnings per share performance over three-year performance periods. In addition to assessing the performance conditions, the Remuneration Committee retains the discretion to adjust the Awards downwards at vesting 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 EU Market Abuse Regulation, provides further detail:
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
Identification code
Ordinary Shares of £0.01 each
ISIN: GB00BD6RF223
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
386,402
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
29 January 2021
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Philip Byrom
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
Identification code
Ordinary Shares of £0.01 each
ISIN: GB00BD6RF223
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
132,664
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
29 January 2021
f)
Place of the transaction
Outside of a trading venue
- Ends -
For further information:
Watkin Jones plc
Richard Simpson, Chief Executive Officer
Tel: +44 (0) 20 3617 4453
Philip Byrom, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker)
Tel: +44 (0) 20 7418 8900
Mike Bell / Ed Allsopp
Jefferies Hoare Govett (Joint Corporate Broker)
Tel: +44 (0) 20 7029 8000
Max Jones / Will Soutar
Media enquiries:
Buchanan
Henry Harrison-Topham / Richard Oldworth
Jamie Hooper / Steph Watson
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 and student accommodation 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 43,000 student beds across 130 sites, making it a key player and leader in the UK purpose built student accommodation market. In addition, Fresh, the Group's specialist accommodation management business, manages over 20,000 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 is increasingly expanding its operations into the build to rent sector.
The Group's competitive advantage lies in its experienced management team and 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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