Watkin Jones plc Director Shareholding (0181H)

TIDMWJG

RNS Number : 0181H

Watkin Jones plc

07 March 2018

 
For immediate release  7 March 2018 
 

Watkin Jones plc

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

Director Shareholding

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 Mark Watkin Jones (CEO) has today sold 3,825,000 ordinary shares of one penny each in the Company, representing approximately 1.5% of the issued share capital, in order to facilitate final settlement of divorce proceedings. Following the trade, Mark Watkin Jones holds 3,825,000 ordinary shares, which are subject to a lock-up expiring in 180 days from today, and the Watkin Jones Family* continue to hold, in total, 70,584,407 ordinary shares representing 27.64% of the issued share capital.

* Comprising the ordinary shares held by Mark Watkin Jones, together with 38,901,422 ordinary shares held by the G&J Watkin Jones 1992 Settlement Trust and 27,857,985 ordinary shares held by the Watkin Jones Will Trust, in both of which Mark Watkin Jones holds an interest as a potential beneficiary.

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                    Mark Watkin Jones 
---  -----------------  ----------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status         Chief Executive Officer 
---  -----------------  ----------------------------------------- 
 b)   Initial            Initial notification 
       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             Sale of ordinary shares 
       of the 
       transaction 
---  -----------------  ----------------------------------------- 
 c)   Price(s)             Price  Shareholder      No. of shares 
       and volume(s)       ------  --------------  -------------- 
                                      Mark Watkin 
                            195p       Jones        3,825,000 
                           ------  --------------  -------------- 
---  -----------------  ----------------------------------------- 
 d)   Aggregated 
       information         Volume: 3,825,000 
       - Aggregated        Weighted average price: 195p 
       volume 
       - Price 
---  -----------------  ----------------------------------------- 
 e)   Date of            7 March 2018 
       the transaction 
---  -----------------  ----------------------------------------- 
 f)   Place of           London Stock Exchange, AIM 
       the transaction 
---  -----------------  ----------------------------------------- 
 

- Ends -

For further information:

 
Watkin Jones plc 
Mark Watkin Jones, Chief                           Tel: [phone] 
 Executive Officer                                           516 
Phil Byrom, Chief Financial                        www.watkinjonesplc.com 
 Officer 
 
 
Peel Hunt LLP (Nominated Advisor & Joint Broker)           Tel: +44 (0) 20 
                                                                 7418 8900 
Mike Bell / Justin Jones                                  www.peelhunt.com 
 
Jefferies Hoare Govett (Joint Broker)                      Tel: +44 (0) 20 
                                                                 7029 8000 
Max Jones / Will Soutar                                  www.jefferies.com 
 
 
 

Media enquiries:

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

Notes to Editors

Watkin Jones is a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent 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 more than 34,500 student beds across 107 sites. In addition, Fresh Property Group, the Group's specialist accommodation management company, manages more than 16,000 student beds on behalf of its institutional clients. Watkin Jones has also been responsible for over 50 residential developments, ranging from starter homes to executive housing and apartments. The Group is now expanding its development and management 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 company news service from the London Stock Exchange

END

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March 07, 2018 09:55 ET (14:55 GMT)