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WJG Watkin Jones Plc

43.10
0.00 (0.00%)
Last Updated: 11:35:29
Delayed by 15 minutes
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
  0.00 0.00% 43.10 44.05 44.50 64,284 11:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Operative Builders 413.24M -32.55M -0.1269 -3.40 110.53M

Watkin Jones plc Director/PDMR Shareholding (9251O)

06/02/2023 7:00am

UK Regulatory


Watkin Jones (LSE:WJG)
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RNS Number : 9251O

Watkin Jones plc

06 February 2023

6 February 2023

Watkin Jones plc

('Watkin Jones' or the 'Company')

Director/PDMR Shareholding

Watkin Jones plc (AIM:WJG) announces that on 3 February 2023, the following nominal-cost share awards over ordinary shares of 1 penny each in the Company were granted under the Watkin Jones Long Term Incentive Plan 2018 to the following persons discharging managerial responsibilities ('Awards'):

 
 PDMR               Position            Number of shares     Total number of 
                                           granted under   shares subject to 
                                              the Awards    outstanding LTIP 
                                                                      Awards 
                    Chief Executive 
 Richard Simpson     Officer                     732,752           1,878,473 
                   ------------------  -----------------  ------------------ 
                    Chief Financial 
 Sarah Sergeant      Officer                     279,255             393,323 
                   ------------------  -----------------  ------------------ 
                    Chief Investment 
 Alex Pease          Officer                     265,957             555,981 
                   ------------------  -----------------  ------------------ 
 

The Awards have a nominal exercise price of one penny per share and normally become exercisable after three years from the date of grant, subject to continued employment and performance based on the Company's total shareholder return relative to the constituents of the FTSE 350 Real Estate Sector (excluding agencies) (50%) and earnings per share performance (50%), each measured over a three-year performance period.

The Remuneration Committee intends to set the EPS target range within 6 months of grant of the Awards. If the Committee does not set the EPS target range for any reason, Awards will be determined by reference to relative TSR in respect of 100% of each Award.

In addition to assessing the performance conditions, which will be disclosed in full detail in next year's Directors' Remuneration Report, the Remuneration Committee retains discretion to reduce the vesting of Awards to ensure that all relevant factors are taken into account, including the consideration of any windfall gains.

The notification below, made in accordance with the requirements of the UK 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 financial       Ordinary Shares of GBP0.01 each 
         instrument, type of instrument 
         Identification code                ISIN: GB00BD6RF223 
      ---------------------------------  --------------------------------- 
  b)    Nature of the transaction          Grant of Award under the Watkin 
                                            Jones Long Term Incentive Plan 
                                            2018 
      ---------------------------------  --------------------------------- 
  c)    Price(s) and volume(s)               Price(s)     Volume(s) 
                                              Nil          732,752 
                                                         ----------- 
      ---------------------------------  --------------------------------- 
  d)    Aggregated information             Not applicable 
         - Aggregated volume 
         - Price 
      ---------------------------------  --------------------------------- 
  e)    Date of the transaction            3 February 2023 
      ---------------------------------  --------------------------------- 
  f)    Place of the transaction           Outside of a trading venue 
      ---------------------------------  --------------------------------- 
 
 
  1     Details of the person discharging managerial responsibilities 
         / person closely associated 
  a)    Name                         Sarah Sergeant 
      ---------------------------  --------------------------------------- 
  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 of the           Ordinary Shares of GBP0.01 each 
         financial instrument, 
         type of instrument           ISIN: GB00BD6RF223 
         Identification code 
      ---------------------------  --------------------------------------- 
  b)    Nature of the transaction    Grant of Award under the Watkin Jones 
                                      Long Term Incentive Plan 2018 
      ---------------------------  --------------------------------------- 
  c)    Price(s) and volume(s)         Price(s)     Volume(s) 
                                        Nil          279,255 
                                                   ----------- 
      ---------------------------  --------------------------------------- 
  d)    Aggregated information       Not applicable 
         - Aggregated volume 
         - Price 
      ---------------------------  --------------------------------------- 
  e)    Date of the transaction      3 February 2023 
      ---------------------------  --------------------------------------- 
  f)    Place of the transaction     Outside of a trading venue 
      ---------------------------  --------------------------------------- 
 
 
  1     Details of the person discharging managerial responsibilities 
         / person closely associated 
  a)    Name                         Alex Pease 
      ---------------------------  --------------------------------------- 
  2     Reason for the notification 
      -------------------------------------------------------------------- 
  a)    Position/status              Chief Investment 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 GBP0.01 each 
         financial instrument, 
         type of instrument           ISIN: GB00BD6RF223 
         Identification code 
      ---------------------------  --------------------------------------- 
  b)    Nature of the transaction    Grant of Award under the Watkin Jones 
                                      Long Term Incentive Plan 2018 
      ---------------------------  --------------------------------------- 
  c)    Price(s) and volume(s)         Price(s)     Volume(s) 
                                        Nil          265,957 
                                                   ----------- 
      ---------------------------  --------------------------------------- 
  d)    Aggregated information       Not applicable 
         - Aggregated volume 
         - Price 
      ---------------------------  --------------------------------------- 
  e)    Date of the transaction      3 February 2023 
      ---------------------------  --------------------------------------- 
  f)    Place of the transaction     Outside of a trading venue 
      ---------------------------  --------------------------------------- 
 

- Ends -

For further information:

 
Watkin Jones plc 
Richard Simpson, Chief Executive Officer       Tel: +44 (0) 20 3617 
                                                               4453 
Sarah Sergeant, Chief Financial Officer      www.watkinjonesplc.com 
 
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 
James Umbers / David Sheehan / Paul Bundred       www.jefferies.com 
 
 
Media enquiries: 
Buchanan 
Henry Harrison-Topham / Jamie Hooper           Tel: +44 (0) 20 7466 
                                                               5000 
watkinjones@buchanan.uk.com                     www.buchanan.uk.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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END

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