JUST EAT plc Share Dealing by a Director (9512O)

TIDMJE.

RNS Number : 9512O

JUST EAT plc

25 August 2017

25 August 2017

Just Eat plc

("Just Eat" or the "Company")

Share Dealing by a Director

Just Eat plc (LSE: JE), a leading global marketplace for online food delivery, yesterday was notified that between 23 and 24 August 2017, David Buttress, a Non-executive Director of the Company, has exercised his vested shares held under the Just Eat Joint Share Ownership Plan ("JSOP"), amounting to 1,034,649 ordinary shares of GBP0.01 each in the Company ("Shares").

David Buttress has retained 250,000 of these Shares, increasing his direct shareholding in Just Eat to 750,000 Shares. The Shares have been transferred from joint ownership with the Employee Benefit Trust ("EBT") to the sole ownership of David Buttress for a consideration of GBP0.5767 per Share (being the threshold amount determined when the awards under the JSOP were made (the "Threshold")).

At the same time, David Buttress sold the remaining 784,649 JSOP shares on the open market at an average price of GBP6.355961 per Share.

The beneficial interest in JSOP Shares is jointly held between the relevant Director and the EBT, which was established by the Company prior to its IPO as part of its remuneration arrangements. On sale of a JSOP Share, the participant is entitled to the sale proceeds in excess of the Threshold. The EBT is entitled to the balance of the sale proceeds.

Following these transactions, David Buttress has the following interests in the share capital of the Company:

 
 Names and          Number of      Percentage      Number of 
  positions          Shares held    of total        remaining 
  of Directors                      Issued share    JSOP Shares 
                                    capital         held (vested 
                                    of Shares       and unvested) 
                                    held 
-----------------  -------------  --------------  --------------- 
 David Buttress, 
  Non-executive 
  Director            750,000          0.11%          421,528 
-----------------  -------------  --------------  --------------- 
 

For further information, please contact:

 
 Just Eat 
 Adam Kay, Head of Investor    +44 (0) 20 
  Relations                     3667 6900 
 
 

For media enquiries, please contact:

 
                                    +44 (0) 20 
 Brunswick Group LLP                 7404 5959 
 David Litterick, Chris Buscombe 
 

About Just Eat:

Just Eat plc operates a leading global marketplace for online food delivery. Headquartered in London, we use proprietary technology to offer a quick and efficient digital ordering service for 19 million users and 75,400 Restaurant Partners. Just Eat is a member of the FTSE 250 Index.

 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------- 
       Name                              David Buttress 
----  --------------------------------  --------------------------- 
 2.    Reason for the Notification 
----  ------------------------------------------------------------- 
       Position/Status                   Non-Executive Director 
----  --------------------------------  --------------------------- 
       Initial notification/amendment    Initial notification 
----  --------------------------------  --------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------- 
       Name                              Just Eat plc 
----  --------------------------------  --------------------------- 
       LEI                               213800DZ8PDXRQBBBM02 
----  --------------------------------  --------------------------- 
 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 
----  ------------------------------------------------------------- 
       Description of the                Ordinary shares of 
        Financial instrument,             GBP0.01 each in Just 
        type of instrument                Eat plc 
----  --------------------------------  --------------------------- 
       Identification code               GB00BKX5CN86 
----  --------------------------------  --------------------------- 
       Nature of the Transaction         Acquisition of shares 
                                          following exercise 
                                          of share options under 
                                          the Just Eat plc Share 
                                          Ownership Plan ("JSOP") 
----  --------------------------------  --------------------------- 
       Price(s) and volume(s)            Price(s)        Volume(s) 
                                          GBP 
----  --------------------------------  --------------  ----------- 
                                         0.5767          250,000 
 -------------------------------------  --------------  ----------- 
       Aggregated                        N/A single transaction 
----  --------------------------------  --------------------------- 
 
       Nature of the Transaction         Disposal of shares 
                                          following exercise 
                                          of share options under 
                                          the Just Eat plc Share 
                                          Ownership Plan ("JSOP") 
----  --------------------------------  --------------------------- 
       Price(s) and volume(s)            Price(s)        Volume(s) 
                                          GBP 
----  --------------------------------  --------------  ----------- 
                                           6.355961      784,649 
 -------------------------------------  --------------  ----------- 
  Aggregated                              N/A single transaction 
 -------------------------------------  --------------------------- 
  Date of the transaction                23 and 24 August 2017 
 -------------------------------------  --------------------------- 
  Place of the transaction               X-LON 
 -------------------------------------  --------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 25, 2017 02:00 ET (06:00 GMT)