Watkin Jones plc Director/PDMR Shareholding (9560A)
03 Juni 2019 - 1:30PM
UK Regulatory
TIDMWJG
RNS Number : 9560A
Watkin Jones plc
03 June 2019
For immediate release 3 June 2019
Watkin Jones plc
('Watkin Jones' or the 'Company')
Director/PDMR Shareholding
Watkin Jones plc (AIM:WJG), a leading UK developer and
constructor of multi-occupancy residential property assets, with a
focus on the student accommodation and build to rent sectors,
announces that on 31 May 2019 the following nominal-cost share
awards over ordinary shares of 1p each in Watkin Jones plc 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 342,309
------------------------- -------------------------------
Philip Byrom Chief Financial Officer 117,526
------------------------- -------------------------------
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
the three years to 30 September 2021.
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 Ordinary Shares of GBP0.01 each
of the financial
instrument, ISIN: GB00BD6RF223
type of instrument
Identification
code
------------------------- -------------------------------------
b) Nature of the Grant of options
transaction
------------------------- -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 342,309
----------
------------------------- -------------------------------------
d) Aggregated
information
- Aggregated
volume
- Price
------------------------- -------------------------------------
e) Date of the 31 May 2019
transaction
------------------------- -------------------------------------
f) Place of the
transaction
------------------------- -------------------------------------
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 Ordinary Shares of GBP0.01 each
of the financial
instrument, ISIN: GB00BD6RF223
type of instrument
Identification
code
------------------------- -------------------------------------
b) Nature of the Grant of options
transaction
------------------------- -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 117,526
----------
------------------------- -------------------------------------
d) Aggregated
information
- Aggregated
volume
- Price
------------------------- -------------------------------------
e) Date of the 31 May 2019
transaction
------------------------- -------------------------------------
f) Place of the
transaction
------------------------- -------------------------------------
- Ends -
For further information:
Watkin Jones plc
Richard Simpson, Chief Executive Tel: +44 (0) 1248 362 516
Officer
Phil Byrom, Chief Financial Officer www.watkinjonesplc.com
Peel Hunt LLP (Nominated Adviser & Joint Corporate Tel: +44 (0) 20 7418
Broker) 8900
Mike Bell / Justin Jones www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Broker) Tel: +44 (0) 20 7029
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
Notes to Editors
Watkin Jones plc
Watkin Jones is a leading UK developer and constructor of
multi-occupancy residential property assets, with a focus on the
student accommodation and build to rent sectors. 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 38,000 student
beds across 117 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 over 15,000 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 now 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
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of this information may apply. For further information, please
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END
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