Watkin Jones plc Issue of Equity (4241Z)
May 15 2023 - 5:45AM
UK Regulatory
TIDMWJG
RNS Number : 4241Z
Watkin Jones plc
15 May 2023
For immediate release 15 May 2023
Watkin Jones plc
('Watkin Jones' or the 'Company')
Issue of Equity
Watkin Jones plc (AIM: WJG) announces that it has issued and
allotted 10,886 ordinary shares of 1 penny each in the Company
('Ordinary Shares') pursuant to the exercise of awards under the
Company's Long Term Incentive Plan ('LTIP').
Accordingly, application has been made for the 10,886 new
Ordinary Shares to be admitted to trading on AIM ('Admission'). It
is expected that Admission will become effective, and that dealings
will commence in the new Ordinary Shares at 8am (BST) on 16 May
2023. The new Ordinary Shares will rank, pari passu, with the
existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company's total issued share capital
will comprise 256,441,253 Ordinary Shares. The Company does not
hold any shares in treasury. Therefore, the total number of voting
rights in the Company will be 256,441,253. This figure may be used
by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change of interest in, the share
capital of the Company under the FCA's Disclosure, Guidance and
Transparency Rules.
- 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 Corporate Broker) Tel: +44 (0) 20 7418 8900
Mike Bell / Ed Allsopp www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Broker) Tel: +44 (0) 20 7029 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
Notes to Editors
Watkin Jones is the UK's leading developer and manager of
residential for rent, with a focus on the build to rent, student
accommodation and affordable housing 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 48,000 student beds across 143
sites, making it a key player and leader in the UK purpose-built
student accommodation market, and is increasingly expanding its
operations into the build to rent sector. In addition, Fresh, the
Group's specialist accommodation management business, manages over
22,000 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's competitive advantage lies in its experienced
management team and capital-light 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
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END
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May 15, 2023 05:45 ET (09:45 GMT)
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