Watkin Jones plc Director Shareholding (0181H)
07 März 2018 - 3:55PM
UK Regulatory
TIDMWJG
RNS Number : 0181H
Watkin Jones plc
07 March 2018
For immediate release 7 March 2018
Watkin Jones plc
('Watkin Jones', the 'Group' or the 'Company')
Director Shareholding
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
Mark Watkin Jones (CEO) has today sold 3,825,000 ordinary shares of
one penny each in the Company, representing approximately 1.5% of
the issued share capital, in order to facilitate final settlement
of divorce proceedings. Following the trade, Mark Watkin Jones
holds 3,825,000 ordinary shares, which are subject to a lock-up
expiring in 180 days from today, and the Watkin Jones Family*
continue to hold, in total, 70,584,407 ordinary shares representing
27.64% of the issued share capital.
* Comprising the ordinary shares held by Mark Watkin Jones,
together with 38,901,422 ordinary shares held by the G&J Watkin
Jones 1992 Settlement Trust and 27,857,985 ordinary shares held by
the Watkin Jones Will Trust, in both of which Mark Watkin Jones
holds an interest as a potential beneficiary.
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 Mark Watkin Jones
--- ----------------- -----------------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Chief Executive 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 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 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) ------ -------------- --------------
Mark Watkin
195p Jones 3,825,000
------ -------------- --------------
--- ----------------- -----------------------------------------
d) Aggregated
information Volume: 3,825,000
- Aggregated Weighted average price: 195p
volume
- Price
--- ----------------- -----------------------------------------
e) Date of 7 March 2018
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
Peel Hunt LLP (Nominated Advisor & Joint Broker) Tel: +44 (0) 20
7418 8900
Mike Bell / Justin Jones www.peelhunt.com
Jefferies Hoare Govett (Joint Broker) Tel: +44 (0) 20
7029 8000
Max Jones / Will Soutar www.jefferies.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 and build to rent 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 more than 34,500 student beds
across 107 sites. In addition, Fresh Property Group, the Group's
specialist accommodation management company, manages more than
16,000 student beds on behalf of its institutional clients. Watkin
Jones has also been responsible for over 50 residential
developments, ranging from starter homes to executive housing and
apartments. The Group is now expanding its development and
management 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 company news service from the London Stock Exchange
END
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