Director Dealing

RNS Number : 2778C
Watkin Jones plc
27 June 2016
 

For immediate release

27 June 2016

 

Watkin Jones plc

('Watkin Jones' or the 'Company)

 

Director Dealing

 

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation sector, announces the following dealing in the Company's ordinary shares of 1 pence each ("Ordinary Shares") by Grenville Turner, Non-Executive Chairman.  The dealing took place and was notified to the Company on 24 June 2016.

 

Grenville Turner has purchased 90,900 Ordinary Shares at a price of 106.4 pence per Ordinary Share.  Following this transaction, Grenville has an interest in 340,900 Ordinary Shares, representing approximately 0.13 per cent. of the Company's issued Ordinary Share capital.

 

- Ends -

 

For further information:

Watkin Jones plc


Mark Watkin Jones, Chief Executive Officer

Tel: +44 (0) 1248 362 516

Philip Byrom, Chief Financial Officer

www.watkinjonesplc.com



Zeus Capital Limited (Nominated Adviser & Joint Broker)


Corporate Finance


Dan Bate / Nick Cowles / Jamie Peel

Tel: +44 (0) 161 831 1512

Corporate Broking

Tel: +44 (0) 20 3829 5000

Dominic King / Benjamin Robertson

www.zeuscapital.co.uk


 

Peel Hunt LLP (Joint Broker)

Tel: +44 (0) 20 7418 8900

Mike Bell / Matthew Brooke-Hitching

www.peelhunt.com



Media enquiries:

Buchanan


Henry Harrison-Topham / Richard Oldworth / Stephanie Watson

Tel: +44 (0) 20 7466 5000

watkinjones@buchanan.uk.com

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 sector.  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 over 28,000 student beds across 88 sites, making it a key player and leader in the UK purpose built student accommodation market.  In addition, Watkin Jones has been responsible for over 50 residential developments, ranging from starter homes to executive housing and apartments.

 

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.  Key components of the business model are:

 

·      Site identification - extensive experience of site identification and acquisition facilitates high quality sites being acquired;

·      Planning consents - in depth knowledge and experience of the planning consent process specific to this type of asset facilitates high success rates on planning applications;

·      In-house construction and delivery - in-house construction expertise, management and delivery limits reliance on third parties and, together with favourable contractual relationships with key suppliers, enhances control of cost;

·      Funding structure - forward sale model reduces risk for Watkin Jones and provides security and visibility of the asset pipeline for investors.  The Group has strong relationships with blue chip investors, including a number that are repeat investors in Watkin Jones developments; and

·     Asset management - dedicated property management division provides a continued service solution to investors post development completion and completes the 'end to end' business model.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Watkin Jones (WJG)
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