Watkin Jones plc Issue of Sharesave options and PDMR shareholding (1027F)
July 05 2023 - 4:37PM
UK Regulatory
TIDMWJG
RNS Number : 1027F
Watkin Jones plc
05 July 2023
For immediate release 5 July 2023
Watkin Jones plc
('Watkin Jones' or the 'Company')
Issue of Sharesave options and PDMR shareholding
Watkin Jones announces that on 4 July 2023, the Company granted
options ("Options") over 2,077,512 ordinary shares pursuant to the
Watkin Jones plc Sharesave Scheme.
The Options have a contract start date of 1 August 2023 and
normally vest and become exercisable on completion of the three
year savings period. The exercise price, which was set in
accordance with HM Revenue & Customs rules, is 53.36 pence per
ordinary share.
Within the Options described above, Options over 16,866 ordinary
shares were granted to Alex Pease, Chief Investment Officer. The
Notification of Dealing Form provided in accordance with the
requirements of MAR in relation to this transaction is set out
below.
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 Alex Pease
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Executive Director/PDMR
-------------------------- ---------------------------------------
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,
type of instrument ISIN: GB00BD6RF223
Identification
code
-------------------------- ---------------------------------------
b) Nature of Grant of SAYE options
the transaction
-------------------------- ---------------------------------------
c) Price(s) and Price No. of shares
volume(s) 53.36 16,866
--------------
-------------------------- ---------------------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
-------------------------- ---------------------------------------
e) Date of the 4 July 2023
transaction
-------------------------- ---------------------------------------
f) Place of the Outside of a trading venue
transaction
-------------------------- ---------------------------------------
- Ends -
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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