Watkin Jones plc Director/PDMR Shareholding and TVR (5577E)
04 Julio 2019 - 9:40AM
UK Regulatory
TIDMWJG
RNS Number : 5577E
Watkin Jones plc
04 July 2019
For immediate release 4 July 2019
Watkin Jones plc
('Watkin Jones', the 'Group' or the 'Company')
Director/PDMR Shareholding
Total Voting Rights
Watkin Jones plc (AIM: WJG), a leading UK developer and
constructor of multi occupancy property assets, with a focus on the
student accommodation and build to rent sectors, announces that on
1 July 2019, Richard Simpson, Chief Executive Officer, exercised
453,224 awards granted over ordinary shares of 1 penny each in the
Company (the "Ordinary Shares") under the Watkin Jones Recruitment
Plan (the "Awards").
Accordingly, application has been made for 453,224 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 8.00 a.m. on 5 July
2019.
In conjunction with the exercise of the Awards, Mr Simpson sold
216,900 Ordinary Shares in order to pay the option price for the
shares of 1 penny per share and to discharge the tax liabilities
arising as the table below summarises:
Award Number of Ordinary Number of Ordinary Balance of Ordinary
Shares exercised Shares sold to Shares retained
under the Awards pay the option
price and discharge
tax liabilities
------------------- ------------------- --------------------- --------------------
2015 Buyout Award 92,480 Nil 92,480
2016 Buyout Award 360,744 216,900 143,844
The 2016 Awards are subject to a two year holding period from
their vesting date of 23 June 2019. In addition, no further sale of
the retained Ordinary Shares relating to the Awards referenced
above will be permitted until such time as Mr Simpson holds a value
of Ordinary Shares equivalent to 200% of his salary.
Following the transactions, Mr Simpson has an interest in
236,324 Ordinary Shares representing 0.09 per cent. of the issued
share capital of the Company.
In accordance with the Disclosure Guidance and Transparency
Rules (DTR 5.6.1R) the Company hereby notifies the market that
immediately following this transaction its issued share capital
will consist of 255,722,099 Ordinary Shares of 1 penny each.
Shareholders may use this figure as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
For further information:
Watkin Jones plc
Richard Simpson, Chief Executive Tel: +44 (0) 1248 362 516
Officer
Philip Byrom, Chief Financial www.watkinjonesplc.com
Officer
Peel Hunt LLP (Nominated Adviser & Joint Corporate Tel: +44 (0) 20 7418
Broker) 8900
Mike Bell / Ed Allsopp www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Broker) Tel: +44 (0) 20 7029
8000
Max Jones / Will Soutar www.jefferies.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Richard Oldworth Tel: +44 (0) 20 7466 5000
Jamie Hooper / Steph Watson
watkinjones@buchanan.uk.com www.buchanan.uk.com
The information below (set out in accordance with the
requirements of EU Market Abuse Regulation) provides further
detail:
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 Initial notification
/Amendment
--------------------------------------- ---------------------------------------
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 Awards over ordinary shares of 1
financial instrument, pence each
type of instrument
Identification code ISIN: GB00BD6RF223
--------------------------------------- ---------------------------------------
b) Nature of the transaction Exercise of awards over Ordinary
Shares of 1 pence each
--------------------------------------- ---------------------------------------
c) Price(s) and volume(s)
----------------- -----------------
Price(s) Volume(s)
----------------- -----------------
1 penny 453,224
-------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume 453,224
- Price GBP4,532.24
e) Date of the transaction 1 July 2019
--------------------------------------- ---------------------------------------
f) Place of the transaction Outside 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 Initial notification
/Amendment
------------------------------------ ------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00BD6RF223
------------------------------------ ------------------------------------------
b) Nature of the transaction Sale of Ordinary Shares of 1 pence
each
------------------------------------ ------------------------------------------
c) Price(s) and volume(s)
-------------- ---------------
Price(s) Volume(s)
-------------- ---------------
206.1p 44,400
205.0p 172,500
-------------- ---------------
d) Aggregated information
- Aggregated volume 216,900
- Price GBP445,132.37
e) Date of the transaction 3 July 2019
------------------------------------ ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------ ------------------------------------------
Notes to Editors
Watkin Jones is a leading UK developer and constructor of
multi-occupancy residential property assets, with a focus on the
student accommodation and build to rent sectors. The Group has
strong relationships with institutional investors, and a good
reputation for successful, on-time-delivery of high quality
developments. Since 1999, Watkin Jones has delivered 38,000 student
beds across 117 sites, making it a key player and leader in the UK
purpose built student accommodation market. In addition, the Fresh
Property Group, the Group's specialist accommodation management
company, manages over 15,000 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 now 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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