Watkin Jones plc Director/PDMR Shareholding (7159Q)
23 Junio 2020 - 1:00AM
UK Regulatory
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
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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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