St. James's Place Director/PDMR Shareholding

 
TIDMSTJ 
 
 

St. James's Place plc ("SJP")

SJP was notified on 27 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.

Deferred Bonus Scheme

As previously notified the trustees of SJP's Deferred Bonus Scheme transferred SJP shares to the executive Directors, PDMRs and Connected Person* named below on 26 March 2012 relating to bonuses earned in respect of the 2011 financial year and which were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 26 March 2015 the shares became no longer subject to forfeiture and income tax and National Insurance liabilities became payable. In order to settle the tax liability, the Directors, PDMRs and Connected Person* sold the number of shares in column 2 of the table below on 26 March 2015 at a price of 943.55 pence per share. Column 3 sets out the additional number of SJP shares sold at 943.55 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR/Connected Person* as a result of this exercise.

 
              1              2             3                4 
Name          Number of SJP  Number        Number           Number of SJP 
of Director   shares         of SJP        of additional    shares 
              no longer      shares        SJP shares sold  retained 
              subject to     sold to meet 
              forfeiture     tax 
                             liability 
                             and 
                             associated 
                             costs 
David         49,563         23,354        0                26,209 
Bellamy 
Andrew        35,813         16,899        9,445            9,469 
Croft 
Ian           35,813         16,922        18,891           0 
Gascoigne 
David Lamb    35,813         16,922        18,891           0 
 
 
              1              2              3                4 
Name of       Number of SJP  Number of SJP  Number           Number of SJP 
PDMR/         shares         shares sold    of additional    shares 
Connected     no longer      to meet tax    SJP shares sold  retained 
Person*       subject to     liability 
              forfeiture 
Tony Dunk     17,315         8,170          4,567            4,578 
Mike          34,226**       16,173         18,053           0 
Gravestock* 
Iain Rayner   8,487          4,005          2,238            2,244 
Ian           7,881          3,719          2,078            2,084 
MacKenzie 
 
 

**This relates to two DBS awards, being an award over 18,439 SJP shares to Mike Gravestock, and an award over 15,787 SJP shares to his Connected Person*.

On 27 March 2015, Mr Dunk transferred 4,578 SJP shares by way of gift to his Connected Person*.

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      1,255,736 
Andrew Croft       801,758 
Ian Gascoigne      651,434 
David Lamb         372,304 
 
 
Name of PDMR      Number of SJP shares held 
Tony Dunk         394,932 
Mike Gravestock   275,358 
Iain Rayner       28,564 
Ian MacKenzie     48,382 
 
 

(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 to Mike Gravestock is Sonia Gravestock, and the Connected Person to Tony Dunk is Angela Dunk.

(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: [phone]

End

 
 
This information is provided by Business Wire