Grant of Conditional Share Awards

RNS Number : 2533B
JTC PLC
19 September 2018
 

19 September 2018

 

 

 

JTC PLC

(the "Company" and together with its subsidiaries "JTC" or the "Group")

 

Grant of conditional share awards

 

As required by Article 19.6 of Regulation (EU) No. 596/2014 on market abuse (the "Market Abuse Regulations"), the Company announces that on 18 September 2018 conditional awards over ordinary shares of £0.01 each in the Company were made to certain persons discharging managerial responsibilities ("PDMRs") under JTC's Performance Share Plan, as follows:

 

Name of PDMR

Number of conditional Shares awarded

Nigel Le Quesne

68,182

Martin Fotheringham

52,083

Wendy Holley

12,235

Anthony Underwood-Whitney

12,235

Iain Johns

12,235

 

No consideration was paid for the grant of the Awards, which are structured as conditional share awards in accordance with the Performance Share Plan rules. The Awards shall Vest only to the extent that the Performance Conditions set by the Remuneration Committee are satisfied and subject to the Rules of the Performance Share Plan. Each of the PSP awards is subject to a Total Shareholder Return performance condition, measured over a 3-year performance period. To the extent that the Performance Conditions are not satisfied, the relevant part of the Awards shall lapse.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Nigel Le Quesne

2

Reason for the notification

a)

Position/Status:

Chief Executive Officer and PDMR

b)

Initial Notification/Amendment:

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

JTC PLC

b)

LEI:

213800DVUG4KLF2ASK33

4.

Details of 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:

Identification code:

Ordinary shares of £0.01 each
 

JE00BF4X3P53

b)

Nature of the transaction:

Grant of conditional share award under the JTC PLC Performance Share Plan

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nominal price of £0.01 per share

68,182

d)

Aggregated volume:

Price:


N/A

e)

Date of the Transaction:

18 September 2018

f)

Place of the Transaction:

Outside trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Martin Fotheringham

2

Reason for the notification

a)

Position/Status:

Chief Finance Officer and PDMR

b)

Initial Notification/Amendment:

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

JTC PLC

b)

LEI:

213800DVUG4KLF2ASK33

4.

Details of 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:

Identification code:

Ordinary shares of £0.01 each
 

JE00BF4X3P53

b)

Nature of the transaction:

Grant of conditional share award under the JTC PLC Performance Share Plan

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nominal price of £0.01 per share

52,083

d)

Aggregated volume:

Price:


N/A

e)

Date of the Transaction:

18 September 2018

f)

Place of the Transaction:

Outside trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Wendy Holley

2

Reason for the notification

a)

Position/Status:

Chief Operating Officer and PDMR

b)

Initial Notification/Amendment:

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

JTC PLC

b)

LEI:

213800DVUG4KLF2ASK33

4.

Details of 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:

Identification code:

Ordinary shares of £0.01 each
 

JE00BF4X3P53

b)

Nature of the transaction:

Grant of conditional share award under the JTC PLC Performance Share Plan

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nominal price of £0.01 per share

12,235

d)

Aggregated volume:

Price:


N/A

e)

Date of the Transaction:

18 September 2018

f)

Place of the Transaction:

Outside trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Anthony Underwood-Whitney

2

Reason for the notification

a)

Position/Status:

Group Head of Institutional Client Services and PDMR

b)

Initial Notification/Amendment:

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

JTC PLC

b)

LEI:

213800DVUG4KLF2ASK33

4.

Details of 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:

Identification code:

Ordinary shares of £0.01 each
 

JE00BF4X3P53

b)

Nature of the transaction:

Grant of conditional share award under the JTC PLC Performance Share Plan

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nominal price of £0.01 per share

12,235

d)

Aggregated volume:

Price:


N/A

e)

Date of the Transaction:

18 September 2018

f)

Place of the Transaction:

Outside trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Iain Johns

2

Reason for the notification

a)

Position/Status:

Group Head of Private Client Services and PDMR

b)

Initial Notification/Amendment:

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

JTC PLC

b)

LEI:

213800DVUG4KLF2ASK33

4.

Details of 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:

Identification code:

Ordinary shares of £0.01 each
 

JE00BF4X3P53

b)

Nature of the transaction:

Grant of conditional share award under the JTC PLC Performance Share Plan

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nominal price of £0.01 per share

12,235

d)

Aggregated volume:

Price:


N/A

e)

Date of the Transaction:

18 September 2018

f)

Place of the Transaction:

Outside trading venue

 

For further information please contact:

 

Miranda Lansdowne

JTC (Jersey) Limited

Company Secretary

+44 1534 700 000

Miranda.Lansdowne@jtcgroup.com

 

 

 

About JTC

 

JTC is an award-winning provider of fund, corporate and private wealth services to institutional and private clients. The Company has a global presence, with over 650 staff operating in more than 18 different jurisdictions and assets under administration totalling c. US$ 100+ billion.

 

JTC remains fully committed to its shared ownership culture and philosophy, with management and staff continuing to hold over 20% of the equity in the firm, clearly aligning the interests of clients, employees and other stakeholders.

 

www.jtcgroup.com


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