Watkin Jones plc Director/PDMR Shareholding (9560A)

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RNS Number : 9560A

Watkin Jones plc

03 June 2019

 
 For immediate release   3 June 2019 
 

Watkin Jones plc

('Watkin Jones' or the 'Company')

Director/PDMR Shareholding

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors, announces that on 31 May 2019 the following nominal-cost share awards over ordinary shares of 1p each in Watkin Jones plc were granted under the Watkin Jones Long Term Incentive Plan 2018 to the following persons discharging managerial responsibilities:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

 
 PDMR                       Position               No. of shares under Option 
 Richard Simpson    Chief Executive Officer                 342,309 
                   -------------------------  ------------------------------- 
 Philip Byrom       Chief Financial Officer               117,526 
                   -------------------------  ------------------------------- 
 

The awards have an exercise price of one penny per share and become exercisable after three years from the date of grant subject to continued employment and performance based on the Company's total shareholder return and earnings per share performance over the three years to 30 September 2021.

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                       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                Ordinary Shares of GBP0.01 each 
       of the financial 
       instrument,                ISIN: GB00BD6RF223 
       type of instrument 
       Identification 
       code 
     -------------------------  ------------------------------------- 
 b)   Nature of the              Grant of options 
       transaction 
     -------------------------  ------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                      Nil       342,309 
                                              ---------- 
     -------------------------  ------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated 
       volume 
       - Price 
     -------------------------  ------------------------------------- 
 e)   Date of the                31 May 2019 
       transaction 
     -------------------------  ------------------------------------- 
 f)   Place of the 
       transaction 
     -------------------------  ------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Philip Byrom 
     -------------------------  ------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status            Chief Financial 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                Ordinary Shares of GBP0.01 each 
       of the financial 
       instrument,                ISIN: GB00BD6RF223 
       type of instrument 
       Identification 
       code 
     -------------------------  ------------------------------------- 
 b)   Nature of the              Grant of options 
       transaction 
     -------------------------  ------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                      Nil       117,526 
                                              ---------- 
     -------------------------  ------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated 
       volume 
       - Price 
     -------------------------  ------------------------------------- 
 e)   Date of the                31 May 2019 
       transaction 
     -------------------------  ------------------------------------- 
 f)   Place of the 
       transaction 
     -------------------------  ------------------------------------- 
 

- Ends -

For further information:

 
Watkin Jones plc 
Richard Simpson, Chief Executive                  Tel: [phone] 
 Officer 
Phil Byrom, Chief Financial Officer                  www.watkinjonesplc.com 
 
Peel Hunt LLP (Nominated Adviser & Joint Corporate     Tel: [phone] 
 Broker)                                                               8900 
Mike Bell / Justin Jones                                   www.peelhunt.com 
 
 
Jefferies Hoare Govett (Joint Corporate Broker)        Tel: [phone] 
                                                                       8000 
Max Jones / Will Soutar                                   www.jefferies.com 
 
 

Media enquiries:

 
Buchanan 
Henry Harrison-Topham / Richard Oldworth   Tel: [phone] 
 Jamie Hooper / Steph Watson 
[e-mail]                      www.buchanan.uk.com 
 

Notes to Editors

Watkin Jones plc

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 [e-mail] or visit www.rns.com.

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June 03, 2019 07:30 ET (11:30 GMT)