Watkin Jones plc Director/PDMR Shareholding Total Voting Rights (4949W)
18 Agosto 2020 - 09:56AM
UK Regulatory
TIDMWJG
RNS Number : 4949W
Watkin Jones plc
18 August 2020
For immediate release 18 August 2020
Watkin Jones plc
('Watkin Jones', the 'Group' or the 'Company')
Director/PDMR Shareholding
Total Voting Rights
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
17 August 2020, Richard Simpson, Chief Executive Officer, exercised
441,360 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 441,360 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 21 August
2020.
In conjunction with the exercise of the Awards, Mr Simpson sold
209,883 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
------------------- ------------------- --------------------- --------------------
2017 Buyout Award 441,360 209,883 231,477
The 2017 Awards are subject to a two year holding period from
their vesting date of 10 April 2020. In addition, Mr Simpson is
required to hold a value of Ordinary Shares equivalent to 200% of
his salary before a further sale of the retained Ordinary Shares
relating to the Awards referenced above will be permitted.
Following the transactions, Mr Simpson has an interest in
516,987 Ordinary Shares representing 0.2 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 256,163,459 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 Tel: +44 (0) 20 7418
Corporate Broker) 8900
Mike Bell / Ed Allsopp www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Tel: +44 (0) 20 7029
Broker) 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 441,360
-------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume 441,360
- Price GBP 4,413.60
e) Date of the transaction 17 August 2020
--------------------------------------- ---------------------------------------
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)
--------------------- ---------------
145.6 pence 20 8,209
---------------------------------------------------------------- ---------------
145.6 pence 1,674
---------------------------------------------------------------- ---------------
d) Aggregated information
- Aggregated volume 209,883
- Price GBP 305,589.64
e) Date of the transaction 18 August 2020
------------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- -----------------------------------------
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
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END
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