Watkin Jones plc Director Shareholdings (1995R)

TIDMWJG

RNS Number : 1995R

Watkin Jones plc

26 February 2019

 
For immediate release  26 February 2019 
 

Watkin Jones plc

('Watkin Jones' or the 'Company')

Director Shareholdings

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 Philip Byrom (CFO) has sold 567,891 ordinary shares of one penny each in the Company, representing approximately 0.22% of the issued share capital, to facilitate future personal financial planning. Following the trade, Philip Byrom holds 2,600,000 ordinary shares representing approximately 1.02% of the issued share capital.

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                        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, 
       type of instrument     ISIN: GB00BD6RF223 
       Identification 
       code 
     ---------------------  -------------------------------------------- 
 b)   Nature of              Sale of ordinary shares 
       the transaction 
     ---------------------  -------------------------------------------- 
 c)   Price(s) and             Price    Shareholder       No. of shares 
       volume(s)                225p        Philip Byrom   500,000 
                                         ---------------  -------------- 
                                225.73p     Philip Byrom   11,500 
                                         ---------------  -------------- 
                                225.7p      Philip Byrom   22,500 
                                         ---------------  -------------- 
                                225.35p     Philip Byrom   8,000 
                                         ---------------  -------------- 
                                225p        Philip Byrom   8,000 
                                         ---------------  -------------- 
                                225.53p     Philip Byrom   5,000 
                                         ---------------  -------------- 
                                225.26p     Philip Byrom   2,891 
                                         ---------------  -------------- 
                                225p        Philip Byrom   10,000 
                                         ---------------  -------------- 
     ---------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated            Volume: 567,891 
       volume                  Weighted average price: 225.0534p 
       - Price 
     ---------------------  -------------------------------------------- 
 e)   Date of the            22/25/26 February 2019 
       transaction 
     ---------------------  -------------------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       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 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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February 26, 2019 13:05 ET (18:05 GMT)