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Share Name Share Symbol Market Type Share ISIN Share Description
Watkin Jones Plc LSE:WJG London Ordinary Share GB00BD6RF223 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.60 -0.8% 198.00 197.40 199.00 201.50 195.00 195.00 2,056,667 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 354.1 25.3 8.3 24.0 506

Watkin Jones plc Director/PDMR Shareholding Total Voting Rights

18/08/2020 3:56pm

UK Regulatory (RNS & others)


Watkin Jones (LSE:WJG)
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RNS Number : 4949W

Watkin Jones plc

18 August 2020

 
For immediate release  18 August 2020 
 

Watkin Jones plc

('Watkin Jones', the 'Group' or the 'Company')

Director/PDMR Shareholding

Total Voting Rights

Watkin Jones plc (AIM: WJG), the UK's leading developer and manager of residential for rent with a focus on the build to rent and purpose built student accommodation sectors , announces that on 17 August 2020, Richard Simpson, Chief Executive Officer, exercised 441,360 awards granted over ordinary shares of 1 penny each in the Company (the "Ordinary Shares") under the Watkin Jones Recruitment Plan (the "Awards").

Accordingly, application has been made for 441,360 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence in the New Ordinary Shares at 8.00 a.m. on 21 August 2020.

In conjunction with the exercise of the Awards, Mr Simpson sold 209,883 Ordinary Shares in order to pay the option price for the shares of 1 penny per share and to discharge the tax liabilities arising as the table below summarises:

 
 Award                Number of Ordinary     Number of Ordinary   Balance of Ordinary 
                        Shares exercised         Shares sold to       Shares retained 
                        under the Awards         pay the option 
                                            price and discharge 
                                                tax liabilities 
-------------------  -------------------  ---------------------  -------------------- 
 2017 Buyout Award         441,360                      209,883               231,477 
 

The 2017 Awards are subject to a two year holding period from their vesting date of 10 April 2020. In addition, Mr Simpson is required to hold a value of Ordinary Shares equivalent to 200% of his salary before a further sale of the retained Ordinary Shares relating to the Awards referenced above will be permitted.

Following the transactions, Mr Simpson has an interest in 516,987 Ordinary Shares representing 0.2 per cent. of the issued share capital of the Company.

In accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this transaction its issued share capital will consist of 256,163,459 ordinary shares of 1 penny each. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information:

 
Watkin Jones plc 
Richard Simpson, Chief Executive            Tel: +44 (0) 1248 362 516 
 Officer 
Philip Byrom, Chief Financial                  www.watkinjonesplc.com 
 Officer 
 
Peel Hunt LLP (Nominated Adviser & Joint         Tel: +44 (0) 20 7418 
 Corporate Broker)                                               8900 
Mike Bell / Ed Allsopp                               www.peelhunt.com 
 
 
Jefferies Hoare Govett (Joint Corporate          Tel: +44 (0) 20 7029 
 Broker)                                                         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 
 

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Richard Simpson 
      ---------------------------------------  --------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Executive 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 of the                       Awards over ordinary shares of 1 
        financial instrument,                    pence each 
        type of instrument 
       Identification code                      ISIN: GB00BD6RF223 
      ---------------------------------------  --------------------------------------- 
 b)    Nature of the transaction                Exercise of awards over Ordinary 
                                                 Shares of 1 pence each 
      ---------------------------------------  --------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -----------------  ----------------- 
                                                 Price(s)           Volume(s) 
                                                -----------------  ----------------- 
    1 penny                                                         441,360 
   --------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      441,360 
 
  - Price                                  GBP 4,413.60 
 
 e)    Date of the transaction                  17 August 2020 
      ---------------------------------------  --------------------------------------- 
 f)    Place of the transaction                 Outside trading venue 
      ---------------------------------------  --------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Richard Simpson 
      -------------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)    Position/status                        Chief Executive 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 of the                     Ordinary shares of 1 pence each 
        financial instrument, 
        type of instrument 
       Identification code                    ISIN: GB00BD6RF223 
      -------------------------------------  ----------------------------------------- 
 b)    Nature of the transaction              Sale of Ordinary Shares of 1 pence 
                                               each 
      -------------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ---------------------  --------------- 
                                               Price(s)               Volume(s) 
                                              ---------------------  --------------- 
    145.6 pence                                                       20 8,209 
   ----------------------------------------------------------------  --------------- 
    145.6 pence                                                       1,674 
   ----------------------------------------------------------------  --------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    209,883 
 
  - Price                                GBP 305,589.64 
 
 e)    Date of the transaction                18 August 2020 
      -------------------------------------  ----------------------------------------- 
 f)    Place of the transaction               London Stock Exchange, AIM 
      -------------------------------------  ----------------------------------------- 
 

Notes to Editors

Watkin Jones is the UK's leading developer and manager of residential for rent, with a focus on the Build to Rent and student accommodation 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 41,000 student beds across 123 sites, making it a key player and leader in the UK purpose-built student accommodation market. In addition, the Fresh Property Group, the Group's specialist accommodation management company, manages nearly 18,000 student beds and Build to Rent apartments on behalf of its institutional clients. Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments. The Group is increasingly expanding its 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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August 18, 2020 10:56 ET (14:56 GMT)

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