Watkin Jones plc Issue of Equity & Director/PDMR Shareholding (1216O)

TIDMWJG

RNS Number : 1216O

Watkin Jones plc

08 June 2022

 
For immediate release  8 June 2022 
 

Watkin Jones plc

('Watkin Jones' or the 'Company')

Issue of Equity

Director/PDMR Shareholding

Watkin Jones plc (AIM: WJG) announces that it has issued and allotted 266,908 ordinary shares of 1 penny each in the Company ("Ordinary Shares") pursuant to the exercise of awards under the Company's Long Term Incentive Plan ("LTIP").

Accordingly, application has been made for the 266,908 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and that dealings will commence in the new Ordinary Shares at 08.00 a.m. on 9 June 2022. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares.

In order to meet the costs of the exercise, and the personal taxation liabilities arising on the exercise, Richard Simpson, Chief Executive Officer of the Company, has sold, in aggregate, 63,793 Ordinary Shares, each at a price of 231.5p per Ordinary Share, which is set out in the table below. The balance of the new Ordinary Shares have been retained by Richard Simpson in accordance with the terms of the LTIP.

 
 Name               Role                      Number of          Number of      Resulting      Resulting 
                                        Ordinary Shares    Ordinary Shares       interest     percentage 
                                              exercised               sold    in Ordinary    of Ordinary 
                                                                                   Shares         Shares 
                    Chief Executive 
 Richard Simpson     Officer                    130,516             63,793        583,710          0.23% 
                   -----------------  -----------------  -----------------  -------------  ------------- 
 

Total Voting Rights

Following Admission, the Company's total issued share capital will comprise 256,430,367 Ordinary Shares. The Company does not hold any shares in treasury. Therefore the total number of voting rights in the Company will be 256,430,367. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.

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, 
       type of instrument         ISIN: GB00BD6RF223 
       Identification 
       code 
     -------------------------  ---------------------------------------- 
 b)   Nature of                  Exercise of awards under the LTIP 
       the transaction 
     -------------------------  ---------------------------------------- 
 c)   Price(s) and                Price   No. of shares 
       volume(s)                   1p      130,516 
                                          -------------- 
     -------------------------  ---------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                n/a 
       volume 
       - Price 
     -------------------------  ---------------------------------------- 
 e)   Date of the                1 June 2022 
       transaction 
     -------------------------  ---------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  ---------------------------------------- 
 
 
 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, 
       type of instrument          ISIN: GB00BD6RF223 
       Identification 
       code 
     --------------------------  --------------------------------------- 
 b)   Nature of                   Sale of Ordinary Shares 
       the transaction 
     --------------------------  --------------------------------------- 
 c)   Price(s) and                 Price    No. of shares 
       volume(s)                    231.5p   63,793 
                                            -------------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                 n/a 
       volume 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the                 1 June 2022 
       transaction 
     --------------------------  --------------------------------------- 
 f)   Place of the                London Stock Exchange, AIM 
       transaction 
     --------------------------  --------------------------------------- 
 

- Ends -

For further information:

 
Watkin Jones plc 
Richard Simpson, Chief Executive Officer                         Tel: [phone] 
 
Sarah Sergeant, Chief Financial Officer 
 
 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] 
Max Jones / James Umbers                                                 www.jefferies.com 
 
 

Media enquiries:

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

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June 08, 2022 02:01 ET (06:01 GMT)