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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 | |
---|---|---|---|---|---|---|---|---|---|---|
3.60 | 8.91% | 44.00 | 43.95 | 44.15 | 44.25 | 41.35 | 42.55 | 2,237,326 | 16:24:55 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Operative Builders | 413.24M | -32.55M | -0.1269 | -3.47 | 112.83M |
TIDMWJG
RNS Number : 5577E
Watkin Jones plc
04 July 2019
For immediate release 4 July 2019
Watkin Jones plc
('Watkin Jones', the 'Group' or the 'Company')
Director/PDMR Shareholding
Total Voting Rights
Watkin Jones plc (AIM: WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors, announces that on 1 July 2019, Richard Simpson, Chief Executive Officer, exercised 453,224 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 453,224 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 5 July 2019.
In conjunction with the exercise of the Awards, Mr Simpson sold 216,900 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 ------------------- ------------------- --------------------- -------------------- 2015 Buyout Award 92,480 Nil 92,480 2016 Buyout Award 360,744 216,900 143,844
The 2016 Awards are subject to a two year holding period from their vesting date of 23 June 2019. In addition, no further sale of the retained Ordinary Shares relating to the Awards referenced above will be permitted until such time as Mr Simpson holds a value of Ordinary Shares equivalent to 200% of his salary.
Following the transactions, Mr Simpson has an interest in 236,324 Ordinary Shares representing 0.09 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 255,722,099 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 Corporate Tel: +44 (0) 20 7418 Broker) 8900 Mike Bell / Ed Allsopp www.peelhunt.com Jefferies Hoare Govett (Joint Corporate Broker) Tel: +44 (0) 20 7029 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 453,224 -------------------------------------------------------------- ----------------- d) Aggregated information - Aggregated volume 453,224 - Price GBP4,532.24 e) Date of the transaction 1 July 2019 --------------------------------------- --------------------------------------- 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) -------------- --------------- 206.1p 44,400 205.0p 172,500 -------------- --------------- d) Aggregated information - Aggregated volume 216,900 - Price GBP445,132.37 e) Date of the transaction 3 July 2019 ------------------------------------ ------------------------------------------ f) Place of the transaction London Stock Exchange, AIM ------------------------------------ ------------------------------------------
Notes to Editors
Watkin Jones is a leading UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors. The Group has strong relationships with institutional investors, and a good reputation for successful, on-time-delivery of high quality developments. Since 1999, Watkin Jones has delivered 38,000 student beds across 117 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 over 15,000 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 now 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.
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July 04, 2019 10:40 ET (14:40 GMT)
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