Watkin Jones plc Director/PDMR Shareholding (1127Q)
04 June 2018 - 4:00PM
UK Regulatory
TIDMWJG
RNS Number : 1127Q
Watkin Jones plc
04 June 2018
For immediate release 4 June 2018
Watkin Jones plc
('Watkin Jones' or the 'Group' or the 'Company')
Director/PDMR Shareholding
Watkin Jones plc (AIM:WJG), a leading UK developer and
constructor of multi occupancy property assets, with a focus on the
student accommodation and build to rent sectors, announces that on
31 May 2018 the following nominal-cost share awards over ordinary
shares of 1p each in Watkin Jones plc were granted under the Watkin
Jones Long Term Incentive Plan 2018 to the following persons
discharging managerial responsibilities:
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
PDMR Position No. of shares under
Option
Philip Byrom Chief Financial Officer 115,955
------------------------- ------------------------
The awards have an exercise price of one penny per share and
become exercisable after three years from the date of grant subject
to continued employment and performance based on the Company's
total shareholder return and earnings per share performance over
the three years to 30 September 2020.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail:
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 Philip Byrom
------------------------- -------------------------------------
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 Ordinary Shares of GBP0.01 each
of the financial
instrument, ISIN: GB00BD6RF223
type of instrument
Identification
code
------------------------- -------------------------------------
b) Nature of the Grant of options
transaction
------------------------- -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 115,955
----------
------------------------- -------------------------------------
d) Aggregated
information
- Aggregated
volume
- Price
------------------------- -------------------------------------
e) Date of the 31 May 2018
transaction
------------------------- -------------------------------------
f) Place of the
transaction
------------------------- -------------------------------------
- Ends -
For further information:
Watkin Jones plc
Mark Watkin Jones, Chief Executive Tel: +44 (0) 1248 362 516
Officer
Phil Byrom, Chief Financial Officer www.watkinjonesplc.com
Peel Hunt LLP (Nominated Advisor & Joint Broker) Tel: +44 (0) 20 7418
8900
Mike Bell / Justin Jones www.peelhunt.com
Jefferies Hoare Govett (Joint Broker) Tel: +44 (0) 20 7029
8000
Max Jones / Will Soutar www.jefferies.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Richard Oldworth Tel: +44 (0) 20 7466 5000
Jamie Hooper / Steph Watson
watkinjones@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Watkin Jones is a leading UK developer and constructor of multi
occupancy property assets, with a focus on the student
accommodation and build to rent 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 more than 34,500 student beds
across 107 sites. In addition, Fresh Property Group, the Group's
specialist accommodation management company, manages more than
16,000 student beds on behalf of its institutional clients. Watkin
Jones has also been responsible for over 50 residential
developments, ranging from starter homes to executive housing and
apartments. The Group is now expanding its development and
management operations into the build to rent sector.
The Group's competitive advantage lies in its experienced
management team and 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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