Director/PDMR Shareholding

Director/PDMR Shareholding

St. James's Place

St. James’s Place plc (“SJP”)

SJP was notified on 13 March 2012 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibility (“PDMRs”) named below.

Exercise of Awards under the SJP Performance Share Plan 2005 (“PSP”)

The Directors/PDMRs listed below exercised nil cost options under the PSP on 13 March 2012 and acquired the number of SJP ordinary shares set out in column 1 of the table below. The exercise of the nil cost options follows the satisfaction of prescribed performance targets over a three-year period. Column 2 sets out the number of SJP shares sold on 13 March 2012 at 347.1006 pence per share to meet the cost of income tax and national insurance costs payable on the exercise of the awards. Column 3 sets out the additional number of SJP shares sold at 347.1006 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.

    1   2   3   4
Name of Director   Number of SJP shares acquired on exercise   Number of shares sold to meet tax liability   Number of additional shares sold   Number of SJP shares retained
David Bellamy   274,615   143,158   -   131,457
Andrew Croft   206,769   107,790   49,489   49,490
Ian Gascoigne   206,769   107,790   -   98,979
David Lamb   180,922   94,080   86,842   -
       
    1   2   3   4
Name of PDMR   Number of SJP shares acquired on exercise   Number of shares sold to meet tax liability   Number of additional shares sold   Number of SJP shares retained
Adrian Batchelor   54,922   28,632   -   26,290
Michael Blunt   51,691   26,880   12,439   12,372
Peter Edwards   20,191   10,500   9,691   -
Mike Gravestock   50,076   26,040   24,036   -
Sonia Gravestock   45,230   23,579   -   21,651
Ian MacKenzie   17,768   9,263   -   8,505
Bill Tonks   56,537   29,474   -   27,063

Deferred Bonus Scheme

As previously notified the trustees of SJP's Deferred Bonus Scheme transferred SJP shares to the executive Directors and PDMRs named below on 4 March 2009 relating to bonuses earned in respect of the 2008 financial year and which were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 13 March 2012 the shares became no longer subject to forfeiture and income tax and National Insurance liabilities became payable. In order to settle the tax liability, the Directors and PDMRs sold the number of shares in column 2 of the table below on 13 March 2012 at a price of 347.1006 pence per share. Column 3 sets out the additional number of SJP shares sold at 347.1006 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.

    1   2   3   4
Name of Director   Number of SJP shares no longer subject to forfeiture   Number of shares sold to meet tax liability   Number of additional shares sold   Number of SJP shares retained
David Bellamy   34,931   18,210   -   16,721
Andrew Croft   26,301   13,677   6,329   6,295
Ian Gascoigne   26,301   13,677   12,624   -
David Lamb   23,972   12,466   11,506   -
    1   2   3   4
Name of PDMR   Number of SJP shares no longer subject to forfeiture   Number of shares sold to meet tax liability   Number of additional shares sold   Number of SJP shares retained
Adrian Batchelor   6,986   3,643   -   3,343
Michael Blunt   12,739   6,642   -   6,097
Tony Dunk   34,520   17,951   16,569   -
Peter Edwards   38,363   19,949   18,414   -
Hugh Gladman   9,315   4,844   4,471   -
Mike Gravestock   6,369   3,321   -   3,048
Sonia Gravestock   9,589   4,987   4,602   -
Ian MacKenzie   5,101   2,660   -   2,441
Bill Tonks   16,780   8,748   -   8,032

PDMR - Exercise of share options held under the SJP Executive Share Option Scheme 2000 ("ESOS")

On 13 March 2012, PDMR Tony Dunk notified SJP that on 13 March 2012 he exercised 10,000 options under the ESOS with an exercise price of 145 pence per share.

The table below sets out the current holdings of the said Directors/PDMRs in SJP ordinary 15p shares after the above transactions:

Name of Director       Number of SJP Shares Held
     
David Bellamy 1,290,945
Andrew Croft 673,385
Ian Gascoigne 646,602
David Lamb 386,228

Name of PDMR

     
 
Adrian Batchelor 269,096
Michael Blunt 148,435
Tony Dunk 358,497
Peter Edwards 104,847
Hugh Gladman 238,960
Mike Gravestock 381,535
Sonia Gravestock 381,535
Ian MacKenzie 44,110
Bill Tonks 183,590

(i) The interests of the Directors and PDMRs include those of their Connected Persons as defined in section 96B(2) of the Financial Services and Markets Act.

(ii) The interests of the Directors and PDMRs set out above include deferred bonus scheme awards held in trust for the Directors not yet vested and awards under the Share Incentive Plan.

With the exception of the changes notified in this announcement, the Directors/PDMRs holdings of SJP shares are unchanged.

This notification is made in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).

End

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