Watkin Jones plc Director/PDMR Shareholding

RNS Number : 3799C

Watkin Jones plc

30 August 2024

 

30 August 2024

 

Watkin Jones plc

('Watkin Jones' or the 'Company')

 

Director/PDMR Shareholding

 

Watkin Jones plc (AIM:WJG) announces that on 30 August 2024, the following nominal-cost share award over ordinary shares of 1 penny each in the Company was granted under the Watkin Jones Long Term Incentive Plan 2018 to the following person discharging managerial responsibilities ('Award'):

 

PDMR		Position	Number of shares granted under the Award	Total number of shares subject to outstanding LTIP Awards
Simon Jones		Chief Financial Officer	1,531,728	1,531,728

 

The Award has a nominal exercise price of one penny per share and normally becomes exercisable from 21 May 2027, subject to continued employment and performance based on total shareholder return ('TSR') measured against absolute growth targets.

 

The absolute TSR targets and underlying three year performance period are the same as attached to the LTIP Awards granted to others earlier to this year on 30 January 2024 as previously disclosed.  The number of shares under the Award granted to Mr Jones was also calculated by reference to the same reference share price as was used for the January 2024 LTIP Awards (being the Watkin Jones average share price from 1 October 2023 to 29 January 2024).

 

In addition to assessing performance against the TSR targets, the Remuneration Committee retains discretion to reduce the vesting of the Award 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	Simon Jones
2	Reason for the notification
a)	Position/status	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	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 instrument, type of instrument Identification code	Ordinary Shares of £0.01 each   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 1,531,728
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	30 August 2024
f)	Place of the transaction	Outside of a trading venue

 

- Ends -

 

For further information:

 

Watkin Jones plc
Alex Pease, Chief Executive Officer	Tel: [phone]
Simon Jones, Chief Financial Officer	www.watkinjonesplc.com
Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker)		Tel: [phone]
Mike Bell / Ed Allsopp		www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Broker)		Tel: [phone]
James Umbers / Paul Bundred		www.jefferies.com

 

Media enquiries:

Burson Buchanan
Henry Harrison-Topham / Steph Whitmore	Tel: [phone]
[e-mail]	www.bursonbuchanan.com

 

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END

 

 

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