TIDMSTJ
St. James's Place plc ("SJP")
SJP was notified on 26 March 2015 of the following changes in
SJP shares held by the Executive Directors, Persons Discharging
Managerial Responsibilities ("PDMRs") and the Connected Person*,
named below.
Award of SJP Shares under the SJP Deferred Bonus Scheme
("DBS")
On 26 March 2015, SJP awarded the following ordinary 15p shares
under the DBS to the Executive Directors, PDMRs and the Connected
Person* named below.
Under the scheme rules, the SJP shares are held for a three-year
restricted period which will end on 26 March 2018. Until that date,
the shares are subject to forfeiture, for example if the executive
Director or PDMR leaves SJP.
Name of Director Number of SJP ordinary 15p shares awarded
David Bellamy 37,252
Andrew Croft 26,955
Ian Gascoigne 26,955
David Lamb 26,955
Name of PDMR/Connected Person* Number of SJP ordinary 15p shares awarded
Tony Dunk 11,477
Mike Gravestock* 22,251
Iain Rayner 11,477
Ian MacKenzie 11,477
Jonathan McMahon 11,058
*This relates to two DBS awards, being an award over 11,795 SJP
shares to Mike Gravestock, and an award over 10,456 SJP shares to
his Connected Person.
Award of Nil Cost Options under the SJP Performance Share Plan
("PSP")
On 26 March 2015, the following Executive Directors, PDMRs and
Connected Person* were granted nil cost options under the terms of
the PSP over the number of SJP shares set out below:
Name of Director Number of SJP ordinary 15p shares subject to PSP award
David Bellamy 100,280
Andrew Croft 68,932
Ian Gascoigne 68,932
David Lamb 68,932
Name of PDMR/Connected Person* Number of SJP ordinary 15p shares
subject to PSP award
Tony Dunk 12,840
Jonathan McMahon 24,458
Mike Gravestock* 30,552
Iain Rayner 22,012
Ian MacKenzie 22,012
The awards under the PSP vest in three years and are exercisable
from 26 March 2018 to 26 March 2021, subject to the achievement of
prescribed performance targets over a three-year performance period
that commenced on 1 January 2015 and will end on 31 December 2017.
Two thirds of an award will be dependent on growth in adjusted
earnings per share and one third on total shareholder return.
Further details of the performance conditions are set out in the
SJP Report & Accounts.
*This relates to two PSP grants, being a grant over 18,853 SJP
shares to Mike Gravestock, and a grant over 11,699 SJP shares to
his Connected Person.
Sharesave Share Option Scheme
On 25 March 2015, the Director named below was granted an option
under the SJP Sharesave Share Option Scheme 2010 to acquire the
number of ordinary shares of 15p each in SJP set out below at an
exercise price of GBP7.38 per share. The option is exercisable
between 1 May 2018 and 31 October 2018:
Name of Director Number of SJP shares under option
Andrew Croft 1,219
Award of SJP Shares under the SJP 2010 Share Incentive Plan
("SIP")
On 26 March 2015, SJP awarded the number of SJP ordinary 15p
shares under the SIP to the Executive Directors, PDMRs and
Connected Person* set out in the table below, at a price of
GBP9.8125 per share, in return for GBP1,500 being deducted from
their pre-tax salary. The shares will be held by an employee
benefit trust (SJP AESOP Trustees Limited) on behalf of the
Executive Directors, PDMRs and Connected Person* named below for a
minimum period of three years from the date of award.
Name of Director Number of SJP ordinary 15p shares
awarded under the SIP**
Ian Gascoigne 167
Andrew Croft 167
Name of PDMR/Connected Person* Number of SJP ordinary 15p shares
awarded under the SIP**
Tony Dunk 167
Mike Gravestock* 334
Ian MacKenzie 167
* This relates to two SIP awards, being an award over 167 SJP
shares to Mike Gravestock, and an award over 167 SJP shares to his
Connected Person.
** Includes Partnership and Matching Shares
Current Holdings
The table below sets out the current holdings of the said
Executive Directors and PDMRs in SJP ordinary shares after the
above transactions:
Name of Director Number of SJP shares held
David Bellamy 1,279,090
Andrew Croft 828,102
Ian Gascoigne 687,247
David Lamb 408,117
Name of PDMR/Connected Person* Number of SJP shares held
Tony Dunk 407,669
Jonathan McMahon 11,253
Mike Gravestock* 309,584
Iain Rayner 34,807
Ian MacKenzie 54,179
(i) *The interests of the Directors and PDMRs include those of
their Connected Persons as defined in section 96B(2) of the
Financial Services and Markets Act. The Connected Person referred
to above is Sonia Gravestock.
(ii) The interests of the Directors and PDMRs include deferred
bonus scheme awards held in trust for the Directors and PDMRs which
have not yet vested and are subject to forfeiture.
This notification is made in accordance with Disclosure and
Transparency Rule 3.1.4R(1)(a).
With the exception of the changes notified in this announcement,
the executive Directors' and PDMRs' shareholdings in SJP are
unchanged.
Deputy Company Secretary, Tel: +44 (0)1285 878762
End
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