TIDMWJG

RNS Number : 7159Q

Watkin Jones plc

23 June 2020

 
 For immediate release   23 June 2020 
 

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 22 June 2020 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                 460,009 
                   -------------------------  ------------------------------- 
 Philip Byrom       Chief Financial Officer               157,936 
                   -------------------------  ------------------------------- 
 

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               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 financial       Ordinary Shares of GBP0.01 each 
         instrument, type of instrument     ISIN: GB00BD6RF223 
         Identification code 
      ---------------------------------  --------------------------------- 
  b)    Nature of the transaction          Grant of options 
      ---------------------------------  --------------------------------- 
  c)    Price(s) and volume(s)               Price(s)     Volume(s) 
                                              Nil          460,009 
                                                         ----------- 
      ---------------------------------  --------------------------------- 
  d)    Aggregated information 
         - Aggregated volume 
         - Price 
      ---------------------------------  --------------------------------- 
  e)    Date of the transaction            22 June 2020 
      ---------------------------------  --------------------------------- 
  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               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 financial       Ordinary Shares of GBP0.01 each 
         instrument, type of instrument     ISIN: GB00BD6RF223 
         Identification code 
      ---------------------------------  --------------------------------- 
  b)    Nature of the transaction          Grant of options 
      ---------------------------------  --------------------------------- 
  c)    Price(s) and volume(s)               Price(s)     Volume(s) 
                                              Nil          157,936 
                                                         ----------- 
      ---------------------------------  --------------------------------- 
  d)    Aggregated information 
         - Aggregated volume 
         - Price 
      ---------------------------------  --------------------------------- 
  e)    Date of the transaction            22 June 2020 
      ---------------------------------  --------------------------------- 
  f)    Place of the transaction           Outside of a trading venue 
      ---------------------------------  --------------------------------- 
 

- Ends -

For further information:

 
Watkin Jones plc 
Richard Simpson, Chief Executive            Tel: +44 (0) 20 3617 4453 
 Officer 
Philip Byrom, Chief Financial                  www.watkinjonesplc.com 
 Officer 
 
Peel Hunt LLP (Nominated Adviser & Joint    Tel: +44 (0) 20 7418 8900 
 Corporate Broker) 
Mike Bell / Ed Allsopp                               www.peelhunt.com 
 
Jefferies Hoare Govett (Joint Corporate     Tel: +44 (0) 20 7029 8000 
 Broker) 
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 
 

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 41,000 student beds across 123 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 nearly 18,000 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 23, 2020 02:00 ET (06:00 GMT)

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