St. James's Place PLC Director/PDMR Shareholding (1540R)
25 October 2023 - 5:00PM
UK Regulatory
TIDMSTJ
RNS Number : 1540R
St. James's Place PLC
25 October 2023
PDMR SHAREHOLDING
25 October 2023
Grant of Buyout Awards
Mark FitzPatrick was appointed to the Company's Board of
Directors as Chief Executive Officer Designate on 1 October
2023.
On 24 October 2023, Mark was granted the following nil-cost
options under the St. James's Place plc Performance Share Plan over
100,044 Ordinary Shares of 15 pence each in respect of the buy-out
of a portion of the share awards that Mark forfeited on leaving his
previous employment. The number of shares awarded has been
calculated using a market price of GBP6.4388 per share.
The nil-cost options will vest in tranches on the vesting dates
shown in the table below, subject to the achievement of performance
conditions. Any shares which vest will be subject to a post-vesting
holding period of two years from the relevant vesting date.
PDMR No. of shares awarded Vesting Date
Mark FitzPatrick 14,873 17 May 2024
34,513 4 April 2025
50,658 27 May 2025
Total 100,044
The Remuneration Committee believes that this award fairly
reflects the share awards Mark 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 Mark FitzPatrick
---------------------------- -----------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status PDMR/Chief Executive Officer Designate
---------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -----------------------------------------
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
-----------------------------------------------------------------------
a) Description of the
financial instrument, Ordinary shares of 15p each
type of instrument
GB0007669376
Identification code
---------------------------- -----------------------------------------
b) Nature of the transaction Grant of buyout share options under
the St. James's Place plc Performance
Share Plan
---------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBPnil 100,044
----------
---------------------------- -----------------------------------------
d) Aggregated information:
- Aggregated volume 100,044
- Price GBPnil
---------------------------- -----------------------------------------
e) Date of the transaction 24 October 2023
---------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
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END
DSHFEMFILEDSELS
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