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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
  -2.75 -2.65% 101.00 102.00 110.50 111.00 101.50 101.50 25,576 16:46:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 218.0 12.9 11.6 8.7 109

Joules Group plc Director/PDMR Share Dealings

07/04/2020 7:00am

UK Regulatory (RNS & others)


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TIDMJOUL

RNS Number : 9817I

Joules Group plc

07 April 2020

 
 
 

Joules Group plc

("Joules" or the "Company")

Director/PDMR Share Dealings

Participation in Placing

As announced on 3 April 2020, the following Directors subscribed for the following amount of ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") as part of the placing (the "Placing") (the "Placing Shares").

Directors' participation in the Placing

 
                                              Resultant holding 
 Director       Number of Placing   Number of Ordinary   % Enlarged Issued 
                      Shares              Shares           Share Capital 
               ------------------  -------------------  ------------------ 
 Tom Joule          1,250,000          29,498,433*            27.28% 
               ------------------  -------------------  ------------------ 
 Nick Jones          93,750               93,750               0.09% 
               ------------------  -------------------  ------------------ 
 Marc Dench          25,000              281,398               0.26% 
               ------------------  -------------------  ------------------ 
 Ian Filby           50,000               50,000               0.05% 
               ------------------  -------------------  ------------------ 
 Jill Little         12,500               38,125               0.04% 
               ------------------  -------------------  ------------------ 
 David Stead         37,500               68,750               0.06% 
               ------------------  -------------------  ------------------ 
 Total              1,468,750           30,030,456            27.77% 
               ------------------  -------------------  ------------------ 
 

*This figure includes nine million Ordinary Shares transferred by Tom Joule on 1 February 2019 to five discretionary trusts (the "Trusts"). Tom Joule is one of the trustees of each of the Trusts, and the holder of trust protectorship rights over the Trusts, which gives him effective voting control of the shares held by the Trusts.

Grant of Options

As part of measures to conserve cash within the Company, certain executive directors and senior management have waived a portion of their salary for a period of time in exchange for a grant of options over Ordinary Shares. The value of the options granted is commensurate with the value of the salaries waived. These options will vest in two tranches, with 50% vesting on 30 September 2020 and the remainder vesting on 30 April 2021.

Director awards

 
 Name          Role    Number of options 
                        granted 
 Nick Jones    CEO     65,625 
              ------  ------------------ 
 Marc Dench    CFO     42,234 
              ------  ------------------ 
 

Grant of Options to Nick Jones

As disclosed in the Company's Annual Report for the year to May 2019, on the appointment of Nick Jones as CEO in May 2019, it was agreed that he would be granted options over Ordinary Shares to the value of GBP170,599 as compensation for share awards which would have vested had he remained with his former employer. These options were to be granted on or before 31 March 2020. Given the timing of the Placing, and in agreement with Nick Jones, the grant of the options was delayed until after the announcement of the Placing.

In line with this agreement, the Company announces that it has granted 128,618 options in the form of a conditional award as set out below.

The options are subject to a three-year holding period commencing from 2 September 2019 when Nick Jones joined the Company, and will be subject to clawback if Nick Jones leaves the Company (or notice is served) within this three year period, with the proportion that may be clawed back reducing from 100% to 0% over that three year period.

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.

Participation in the Placing

 
 1. Details of the person discharging managerial responsibilities/person closely associated 
 
            a) Name                                       1.   Tom Joule 
                                                           2.   Nick Jones 
                                                               ------------ 
                                                           3.   Marc Dench 
                                                               ------------ 
                                                           4.   Ian Filby 
                                                               ------------ 
                                                           5.   David Stead 
                                                               ------------ 
                                                           6.   Jill Little 
                                                               ------------ 
                                                       ------------------------------------------- 
 2. Reason for the notification 
                                                       ------------------------------------------- 
            a) Position/status                            1.   Chief Brand Officer 
                                                           2.   Chief Executive Officer 
                                                               ------------------------ 
                                                           3.   Chief Financial Officer 
                                                               ------------------------ 
                                                           4.   Non-Executive Chairman 
                                                               ------------------------ 
                                                           5.   Non-Executive Director 
                                                               ------------------------ 
                                                           6.   Non-Executive Director 
                                                               ------------------------ 
                                                       ------------------------------------------- 
            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                Purchase of shares 
                                                       ------------------------------------------- 
            d) Price(s) and volume(s)                          Name          Price(s)   Volume(s) 
                                                           1.   Tom Joule       80p      1,250,000 
                                                               ------------  ---------  ---------- 
                                                           2.   Nick Jones      80p       93,750 
                                                               ------------  ---------  ---------- 
                                                           3.   Marc Dench      80p       25,000 
                                                               ------------  ---------  ---------- 
                                                           4.   Ian Filby       80p       50,000 
                                                               ------------  ---------  ---------- 
                                                           5.   David Stead     80p       37,500 
                                                               ------------  ---------  ---------- 
                                                           6.   Jill Little     80p       12,500 
                                                               ------------  ---------  ---------- 
                                                       ------------------------------------------- 
                           e) Aggregated information:   n/a (single transaction for 
                            i. Aggregated volume         each individual) 
                            ii. price 
                                                       ------------------------------------------- 
            f) Date of the transaction                  03 April 2020 
                                                       ------------------------------------------- 
            g) Place of the transaction                    London Stock Exchange, AIM 
                                                       ------------------------------------------- 
 

Grant of Options

 
 1. Details of the person discharging managerial responsibilities/person closely associated 
 
            a) Name                                       1.   Nick Jones 
                                                           2.   Marc Dench 
                                                               ----------- 
                                                       --------------------------------------- 
 2. Reason for the notification 
                                                       --------------------------------------- 
            a) Position/status                           1.   Chief Executive Officer 
                                                          2.   Chief Financial 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 
                                                           1.   Nick Jones      1p      65,625 
                                                               -----------  ---------  ------- 
                                                           2.   Marc Dench      1p      42,234 
                                                               -----------  ---------  ------- 
                                                       --------------------------------------- 
                           e) Aggregated information:   n/a (single transaction for 
                            i. Aggregated volume         each individual) 
                            ii. price 
                                                       --------------------------------------- 
            f) Date of the transaction                  6 April 2020 
                                                       --------------------------------------- 
            g) Place of the transaction                    Outside a trading venue 
                                                       --------------------------------------- 
 

Grant of Options to Nick Jones

 
 1. Details of the person discharging managerial responsibilities/person closely associated 
 
            a) Name                                             Nick Jones 
                                                               ------------------------------ 
 2. Reason for the notification 
                                                               ------------------------------ 
            a) Position/status                                  Chief Executive 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)                            Exercise    Volume(s) 
                                                                    price 
                                                                     Nil       128,618 
                                                                             ---------- 
                                                               ------------------------------ 
                           e) Aggregated information:           n/a (single transaction) 
                            i. Aggregated volume 
                            ii. price 
                                                               ------------------------------ 
            f) Date of the transaction                          6 April 2020 
                                                               ------------------------------ 
            g) Place of the transaction                            Outside a trading venue 
                                                               ------------------------------ 
 

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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April 07, 2020 02:00 ET (06:00 GMT)

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