Watkin Jones plc Director/PDMR Shareholding (9251O)
February 06 2023 - 2:00AM
UK Regulatory
TIDMWJG
RNS Number : 9251O
Watkin Jones plc
06 February 2023
6 February 2023
Watkin Jones plc
('Watkin Jones' or the 'Company')
Director/PDMR Shareholding
Watkin Jones plc (AIM:WJG) announces that on 3 February 2023,
the following nominal-cost share awards over ordinary shares of 1
penny each in the Company were granted under the Watkin Jones Long
Term Incentive Plan 2018 to the following persons discharging
managerial responsibilities ('Awards'):
PDMR Position Number of shares Total number of
granted under shares subject to
the Awards outstanding LTIP
Awards
Chief Executive
Richard Simpson Officer 732,752 1,878,473
------------------ ----------------- ------------------
Chief Financial
Sarah Sergeant Officer 279,255 393,323
------------------ ----------------- ------------------
Chief Investment
Alex Pease Officer 265,957 555,981
------------------ ----------------- ------------------
The Awards have a nominal exercise price of one penny per share
and normally become exercisable after three years from the date of
grant, subject to continued employment and performance based on the
Company's total shareholder return relative to the constituents of
the FTSE 350 Real Estate Sector (excluding agencies) (50%) and
earnings per share performance (50%), each measured over a
three-year performance period.
The Remuneration Committee intends to set the EPS target range
within 6 months of grant of the Awards. If the Committee does not
set the EPS target range for any reason, Awards will be determined
by reference to relative TSR in respect of 100% of each Award.
In addition to assessing the performance conditions, which will
be disclosed in full detail in next year's Directors' Remuneration
Report, the Remuneration Committee retains discretion to reduce the
vesting of Awards to ensure that all relevant factors are taken
into account, including the consideration of any windfall
gains.
The notification below, made in accordance with the requirements
of the UK 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 financial Ordinary Shares of GBP0.01 each
instrument, type of instrument
Identification code ISIN: GB00BD6RF223
--------------------------------- ---------------------------------
b) Nature of the transaction Grant of Award under the Watkin
Jones Long Term Incentive Plan
2018
--------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 732,752
-----------
--------------------------------- ---------------------------------
d) Aggregated information Not applicable
- Aggregated volume
- Price
--------------------------------- ---------------------------------
e) Date of the transaction 3 February 2023
--------------------------------- ---------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sarah Sergeant
--------------------------- ---------------------------------------
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 of the Ordinary Shares of GBP0.01 each
financial instrument,
type of instrument ISIN: GB00BD6RF223
Identification code
--------------------------- ---------------------------------------
b) Nature of the transaction Grant of Award under the Watkin Jones
Long Term Incentive Plan 2018
--------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 279,255
-----------
--------------------------- ---------------------------------------
d) Aggregated information Not applicable
- Aggregated volume
- Price
--------------------------- ---------------------------------------
e) Date of the transaction 3 February 2023
--------------------------- ---------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alex Pease
--------------------------- ---------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Investment 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 GBP0.01 each
financial instrument,
type of instrument ISIN: GB00BD6RF223
Identification code
--------------------------- ---------------------------------------
b) Nature of the transaction Grant of Award under the Watkin Jones
Long Term Incentive Plan 2018
--------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 265,957
-----------
--------------------------- ---------------------------------------
d) Aggregated information Not applicable
- Aggregated volume
- Price
--------------------------- ---------------------------------------
e) Date of the transaction 3 February 2023
--------------------------- ---------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------- ---------------------------------------
- Ends -
For further information:
Watkin Jones plc
Richard Simpson, Chief Executive Officer Tel: +44 (0) 20 3617
4453
Sarah Sergeant, Chief Financial Officer www.watkinjonesplc.com
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
James Umbers / David Sheehan / Paul Bundred www.jefferies.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Hooper Tel: +44 (0) 20 7466
5000
watkinjones@buchanan.uk.com www.buchanan.uk.com
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