Watkin Jones plc Director Shareholdings (4677A)
24 März 2017 - 12:00PM
UK Regulatory
TIDMWJG
RNS Number : 4677A
Watkin Jones plc
24 March 2017
For immediate release 24 March 2017
Watkin Jones plc
('Watkin Jones', the 'Group' or the 'Company')
Director Shareholdings
Watkin Jones plc (AIM:WJG), a leading UK developer and
constructor of multi occupancy property assets, with a focus on the
student accommodation sector, announces that 50,250,000 ordinary
shares of one penny each in the Company representing approximately
19.7% of the issued share capital have been placed (the 'Placing')
on behalf of the G&J Watkin Jones 1992 Settlement Trust, in
which Mark Watkin Jones (CEO) has an interest as a potential
beneficiary, and Philip Byrom (CFO). The shares have been placed to
meet demand from new and existing shareholders and to improve the
liquidity of the Group.
The resultant shareholdings are shown in the table below.
Shareholder name Shares held Percentage
%
G&J Watkin Jones 1992
Settlement Trust* 38,901,422 15.24
Philip Byrom 3,167,891 1.24
* Mark Watkin Jones has a life interest in the shares registered
in the name of the 1992 Trust, of which Mark Watkin Jones, Glyn
Watkin Jones and Jennifer Watkin Jones are trustees. Mark also
holds an interest as a potential beneficiary of the Watkin Jones
Will Trust (27,857,985 shares) and also holds 7,650,000 shares in
his own name. Mark therefore has an interest in a total of
74,409,407 ordinary shares (29.14% of the ordinary share
capital).
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 1. Mark Watkin Jones*
2. Philip Byrom
* Mark Watkin Jones has a life
interest in the shares registered
in the name of the G&J Watkin Jones
1992 Settlement Trust, of which
Mark Watkin Jones, Glyn Watkin
Jones and Jennifer Watkin Jones
are trustees.
--- ----------------- ----------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
--- ----------------- ----------------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ----------------- ----------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a) Name Watkin Jones plc
--- ----------------- ----------------------------------------------
b) LEI (Pending)
--- ----------------- ----------------------------------------------
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 Ordinary Shares of GBP0.01 each
of the
financial
instrument, ISIN: GB00BD6RF223
type of
instrument
Identification
code
--- ----------------- ----------------------------------------------
b) Nature Sale of ordinary shares
of the
transaction
--- ----------------- ----------------------------------------------
c) Price(s) Price Shareholder No. of shares
and volume(s) ---------- --------------- --------------
G&J Watkin
Jones 1992
Settlement
140p Trust 49,250,000
---------- --------------- --------------
140p Philip Byrom 1,000,000
---------- --------------- --------------
--- ----------------- ----------------------------------------------
d) Aggregated
information Volume: 50,250,000
- Aggregated Weighted average price: 140p
volume
- Price
--- ----------------- ----------------------------------------------
e) Date of 24 March 2017
the transaction
--- ----------------- ----------------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
--- ----------------- ----------------------------------------------
- Ends -
For further information:
Watkin Jones plc
Mark Watkin Jones, Chief Tel: +44 (0) 1248 362
Executive Officer 516
Phil Byrom, Chief Financial www.watkinjonesplc.com
Officer
Zeus Capital Limited (Nominated Adviser & Joint
Broker)
Corporate Finance
Dan Bate / Jamie Peel Tel: +44 (0) 161
831 1512
Corporate Broking Tel: +44 (0) 20
3829 5000
Dominic King / Benjamin Robertson www.zeuscapital.co.uk
Peel Hunt LLP (Joint Broker) Tel: +44 (0) 20
7418 8900
Mike Bell / Matthew Brooke-Hitching www.peelhunt.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Richard Tel: +44 (0) 20 7466 5000
Oldworth
Jamie Hooper / Steph Watson
watkinjones@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Watkin Jones is a leading UK developer and constructor of multi
occupancy property assets, with a focus on the student
accommodation sector. 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 over 31,800 student beds across 98 sites,
making it a key player and leader in the UK purpose built student
accommodation market. In addition, Watkin Jones has been
responsible for over 50 residential developments, ranging from
starter homes to executive housing and apartments.
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. Key components of the business model are:
-- Site identification - extensive experience of site
identification and acquisition facilitates high quality sites being
acquired;
-- Planning consents - in depth knowledge and experience of the
planning consent process specific to this type of asset facilitates
high success rates on planning applications;
-- In-house construction and delivery - in-house construction
expertise, management and delivery limits reliance on third parties
and, together with favourable contractual relationships with key
suppliers, enhances control of cost;
-- Funding structure - forward sale model reduces risk for
Watkin Jones and provides security and visibility of the asset
pipeline for investors. The Group has strong relationships with
blue chip investors, including a number that are repeat investors
in Watkin Jones developments; and
-- Asset management - dedicated property management division
provides a continued service solution to investors post development
completion and completes the 'end to end' business model.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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