PDMR SHAREHOLDING
11
December 2024
Grant of Buyout Awards - Caroline Waddington
Caroline Waddington was appointed to
the Company's Board of Directors as Chief Financial Officer on 16
September 2024.
On 10 December 2024, Caroline was
granted the following nil-cost options over, in aggregate, 103,140
Ordinary Shares of 15 pence each (a "Share") under an arrangement
to which Listing Rule 9.3.2 (2) applies in respect of the buy-out
of share awards that Caroline forfeited on leaving her previous
employment. The number of Shares awarded has been calculated using
a market price of £7.128 per Share, being the average of the quoted
closing prices of a Share for the five (5) dealing days immediately
prior to 16 September 2024.
The nil-cost options will vest in
tranches on the vesting dates shown in the table below, subject to
the achievement of performance conditions where the nil-cost option
has been granted to replace an award from Caroline's previous
employer which was subject to performance conditions and to her
continued employment. Following vesting, Caroline will have a
period of three years within which she may exercise the relevant
nil-cost option.
Dividend equivalents apply to
certain of the nil-cost options, and which may result in the
delivery of additional Shares (or cash) to Caroline when the
relevant nil-cost option is exercised.
Post-vesting holding periods will
apply to any nil-cost options which have been granted to replace
awards from Caroline's previous employer which were subject to
post-vesting holding periods. The post-vesting periods will
end on the same date as they would have ended for the original
award granted by Caroline's previous employer.
Appropriate malus and clawback
provisions will apply to the nil-cost options.
|
PDMR
|
No.
of shares under option (conditional awards)
|
No.
of shares under option (performance awards)
|
Vesting Date
|
|
Caroline Waddington
|
1,640
|
3,358
|
25 March 2025
|
|
|
4,369
|
5,478
|
25 March 2026
|
|
|
3,816
|
0
|
11 August 2026
|
|
|
3,991
|
14,853
|
25 March 2027
|
|
|
3,816
|
0
|
11 August 2027
|
|
|
3,548
|
14,965
|
25 March 2028
|
|
|
3,816
|
0
|
11 August 2028
|
|
|
3,183
|
14,355
|
25 March 2029
|
|
|
3,820
|
0
|
11 August 2029
|
|
|
2,918
|
11,394
|
25 March 2030
|
|
|
3,820
|
0
|
11 August 2030
|
|
Total
|
38,737
|
64,403
|
|
The Remuneration Committee believes
that these awards fairly reflect the share awards Caroline
forfeited in terms of value and timescale of vesting.
Grant of Buyout Awards - Hestie Reinecke
Hestie Reinecke was appointed as
Chief Risk Officer on 1 October 2024.
On 10 December 2024, Hestie was
granted the following awards over 131,861 Shares in respect of the
buy-out of share awards that Hestie forfeited on leaving her
previous employment. The number of Shares awarded has been
calculated using a market price of £7.245 per Share, being the
quoted closing price of a Share on 1 October 2024.
The nil-cost options will vest in
tranches on the vesting dates shown in the table below, subject to
the achievement of performance conditions where the nil-cost option
has been granted to replace an award from Hestie's previous
employer which was subject to performance conditions and to her
continued employment. Following vesting, Hestie will have a period
of three years within which she may exercise the relevant nil-cost
option.
Appropriate malus and clawback
provisions will apply to the nil-cost options.
|
PDMR
|
No.
of shares under option (conditional awards)
|
No.
of shares under option (performance awards)
|
Vesting Date
|
|
Hestie Reinecke
|
45,027
|
11,876
|
12 April 2025
|
|
|
38,153
|
8,441
|
12 April 2026
|
|
|
21,275
|
7,089
|
26 March 2027
|
|
Total
|
104,455
|
27,406
|
|
The Remuneration Committee believes
that these awards fairly reflect the share awards Hestie forfeited
in terms of value and timescale of vesting.
Grant of Buyout Awards - Paul Loftus
Paul Loftus was appointed as General
Counsel on 1 December 2024.
On 10 December 2024, Paul was
granted the following awards over 6,180 Shares in respect of the
buy-out of share awards that Paul forfeited on leaving his previous
employment. The number of Shares awarded has been calculated using
a market price of £9.035 per Share, being the quoted closing price
of a Share on 2 December 2024.
The nil-cost options will vest in
tranches on the vesting dates shown in the table below, subject to
Paul's continued employment. Following vesting, Paul will have a
period of three years within which he may exercise the relevant
nil-cost option.
Post-vesting holding periods will
apply to any nil-cost options which have been granted to replace
awards from Paul's previous employer which were subject to
post-vesting holding periods. The post-vesting periods will
end on the same date as they would have ended for the original
award granted by Paul's previous employer.
Appropriate malus and clawback
provisions will apply to the nil-cost options.
|
PDMR
|
No.
of shares under option (conditional awards)
|
Vesting Date
|
|
Paul Loftus
|
3,021
|
7 March 2025
|
|
|
2,235
|
9 March 2026
|
|
|
924
|
8 March 2027
|
|
Total
|
6,180
|
|
The Remuneration Committee believes
that these awards fairly reflect the share awards Paul forfeited in
terms of value and timescale of vesting.
NOTIFICATION AND PUBLIC
DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH
THEM
This
announcement is made in accordance with the UK Market Abuse
Regulation (Regulation (EU) 596/2014, as it forms part of domestic
law by virtue of the European Union (Withdrawal) Act
2018).
|
1
|
Details of the person discharging managerial
responsibilities/person closely
associated
|
|
a)
|
Name
|
Caroline Waddington
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR/Chief Financial
Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
St. James's Place plc
|
|
b)
|
LEI
|
213800M993ICXOMBCP87
|
|
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
|
|
Transition 1
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of 15p
each
GB0007669376
|
|
b)
|
Nature of the
transaction
|
Grant of buyout share options
under an arrangement to which Listing Rule
9.3.2 (2) applies
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
103,140
|
|
|
d)
|
Aggregated information:
- Aggregated volume
- Price
|
103,140
Nil
|
|
e)
|
Date of the transaction
|
10 December 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely
associated
|
|
a)
|
Name
|
Hestie Reinecke
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR/Chief Risk Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
St. James's Place plc
|
|
b)
|
LEI
|
213800M993ICXOMBCP87
|
|
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
|
|
Transition 1
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of 15p
each
GB0007669376
|
|
b)
|
Nature of the
transaction
|
Grant of buy-out share awards under
the St. James's Place plc CRO Buyout Awards
Agreement
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
131,861
|
|
|
d)
|
Aggregated information:
- Aggregated volume
- Price
|
131,861
Nil
|
|
e)
|
Date of the transaction
|
10 December 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely
associated
|
|
a)
|
Name
|
Paul Loftus
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR/General Counsel
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
St. James's Place plc
|
|
b)
|
LEI
|
213800M993ICXOMBCP87
|
|
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
|
|
Transition 1
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of 15p
each
GB0007669376
|
|
b)
|
Nature of the
transaction
|
Grant of buy-out share awards under
the St. James's Place plc GC Buyout Awards
Agreement
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
6,180
|
|
|
d)
|
Aggregated information:
- Aggregated volume
- Price
|
6,180
Nil
|
|
e)
|
Date of the transaction
|
10 December 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|