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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Joules Group Plc | LSE:JOUL | London | Ordinary Share | GB00BZ059357 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.22 | 9.40 | 9.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMJOUL
RNS Number : 7096B
Joules Group plc
12 October 2020
Joules Group plc
('Joules', the 'Company' or the 'Group')
Director/PDMR Share Dealing
Grant of FY21 awards to Directors under the LTIP
Joules, the premium British lifestyle brand, today announces that it has granted options over ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") under the Joules LTIP to the Directors as set out below. These LTIP options are subject to a three-year vesting period and stretching performance conditions which include EPS, as well as an additional share price performance element once the EPS proportion has been met.
Number of options granted:
Director Total number of options granted under LTIP award Nick Jones 1,008,000 -------------------------- Marc Dench 540,600 -------------------------- Tom Joule 273,360 --------------------------
The number of options granted as part of this year's award exceeds the Group's normal LTIP limit (being 150% of salary), however this was considered appropriate to ensure a motivational incentive is in place which is aligned to maximising shareholder value over the coming years. The Remuneration Committee will engage with shareholders in advance of utilising the exceptional limit in any future years, as it has done this year.
Waiving of Options
Furthermore, as a consequence of the above awards being made, the Directors as set out below, have waived certain options over Ordinary Shares in consideration for these new awards.
Number of options waived:
FY19 LTIP options FY20 LTIP options Total LTIP options waived waived waived Nick Jones n/a* 262,500 262,500 ------------------ ------------------ ------------------- Marc Dench 77,599 140,781 218,380 ------------------ ------------------ ------------------- Tom Joule 98,097 142,375 240,472 ------------------ ------------------ -------------------
*Nick Jones was not a participant in the FY19 LTIP as he was not appointed until September 2019
The waiver of these options is in addition to the waiver by Nick Jones of 65,625 options over Ordinary Shares awarded in April 2020, and the waiver by Marc Dench of 42,234 options over Ordinary Shares awarded in April 2020, as announced on 28 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 1. Nick Jones 2. Marc Dench 3. Tom Joule ------------------------------------------------- 2. Reason for the notification ------------------------------------------------- a) Position/status 1. Chief Executive Officer 2. Chief Financial Officer 3. Chief Brand Officer ------------------------------------------------- b) Initial notification / Amendment Initial notification ------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Joules Group plc ------------------------------------------------- b) LEI 213800BNGLSIPD111Y68 ------------------------------------------------- 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 Ordinary shares of 1p each instrument, type of instrument in the capital of Joules Group plc ------------------------------------------------- b) Identification code ISIN GB00BZ059357 ------------------------------------------------- c) Nature of the transaction Grant of options ------------------------------------------------- d) Price(s) and volume(s) Name Exercise Volume price Nick 1. Jones 1p 1,008,000 ---------- --------- ---------- Marc 2. Dench 1p 540,600 ---------- --------- ---------- 3. Tom Joule 1p 273,360 ---------- --------- ---------- ------------------------------------------------- e) Aggregated information: n/a (single transaction i. Aggregated volume for each individual) ii. price ------------------------------------------------- f) Date of the transaction 9 October 2020 ------------------------------------------------- g) Place of the transaction Outside a trading venue ------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated a) Name 1. Marc Dench 2. Tom Joule ----------------------------------------------- 2. Reason for the notification ----------------------------------------------- a) Position/status 1. Chief Financial Officer 2. Chief Brand Officer ----------------------------------------------- b) Initial notification / Amendment Initial notification ----------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Joules Group plc ----------------------------------------------- b) LEI 213800BNGLSIPD111Y68 ----------------------------------------------- 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 Ordinary shares of 1p each instrument, type of instrument in the capital of Joules Group plc ----------------------------------------------- b) Identification code ISIN GB00BZ059357 ----------------------------------------------- c) Nature of the transaction Waiving of options ----------------------------------------------- d) Price(s) and volume(s) Name Exercise Volume price Marc 1. Dench 1p 77,599 ---------- --------- ------- 2. Tom Joule 1p 98,097 ---------- --------- ------- ----------------------------------------------- e) Aggregated information: n/a (single transaction for i. Aggregated volume each individual) ii. price ----------------------------------------------- f) Date of the transaction 9 October 2020 ----------------------------------------------- g) Place of the transaction Outside a trading venue ----------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated a) Name 1. Nick Jones 2. Marc Dench
3. Tom Joule ----------------------------------------------- 2. Reason for the notification ----------------------------------------------- a) Position/status 1. Chief Executive Officer 2. Chief Financial Officer 3. Chief Brand Officer ----------------------------------------------- b) Initial notification / Amendment Initial notification ----------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Joules Group plc ----------------------------------------------- b) LEI 213800BNGLSIPD111Y68 ----------------------------------------------- 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 Ordinary shares of 1p each instrument, type of instrument in the capital of Joules Group plc ----------------------------------------------- b) Identification code ISIN GB00BZ059357 ----------------------------------------------- c) Nature of the transaction Waiving of options ----------------------------------------------- d) Price(s) and volume(s) Name Exercise Volume price Nick 1. Jones 1p 262,500 ---------- --------- -------- Marc 2. Dench 1p 140,781 ---------- --------- -------- 3. Tom Joule 1p 142,375 ---------- --------- -------- ----------------------------------------------- e) Aggregated information: n/a (single transaction for i. Aggregated volume each individual) ii. price ----------------------------------------------- f) Date of the transaction 9 October 2020 ----------------------------------------------- g) Place of the transaction Outside a trading venue -----------------------------------------------
Enquiries:
Joules Group plc Telephone: +44 (0) 1858 435 255
Nick Jones, CEO
Marc Dench, CFO
Peel Hunt LLP (NOMAD and Joint Broker) Telephone: +44 (0) 20 7418 8900
George Sellar
Andrew Clark
Liberum Capital Limited (Joint Broker) Telephone: +44 (0) 20 3100 2000
John Fishley
Edward Thomas
Hudson Sandler (Financial PR) Telephone: +44 (0) 20 7796 4133
Alex Brennan
Lucy Wollam
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END
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October 12, 2020 02:00 ET (06:00 GMT)
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