Watkin Jones plc

Director/PDMR Shareholding

RNS Number : 1127Q
Watkin Jones plc
04 June 2018
 

For immediate release

 4 June 2018

 

 

Watkin Jones plc

('Watkin Jones' or the 'Group' or the 'Company')

 

Director/PDMR Shareholding

 

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors, announces that on 31 May 2018 the following nominal-cost share awards over ordinary shares of 1p each in Watkin Jones plc were granted under the Watkin Jones Long Term Incentive Plan 2018 to the following persons discharging managerial responsibilities:

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

 

PDMR

Position

No. of shares under Option

Philip Byrom

Chief Financial Officer

115,955

 

The awards have an exercise price of one penny per share and become exercisable after three years from the date of grant subject to continued employment and performance based on the Company's total shareholder return and earnings per share performance over the three years to 30 September 2020.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

 

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 /Amendment

Initial notification

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 of the financial instrument, type of instrument

Identification code

Ordinary Shares of £0.01 each

 

ISIN: GB00BD6RF223

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

115,955

d)

Aggregated information

- Aggregated volume

- Price



e)

Date of the transaction

31 May 2018

f)

Place of the transaction


 

- Ends -

 

For further information:

Watkin Jones plc

 

Mark Watkin Jones, Chief Executive Officer

Tel: +44 (0) 1248 362 516

Phil Byrom, Chief Financial Officer

www.watkinjonesplc.com

 

 

Peel Hunt LLP (Nominated Advisor & Joint Broker)

Tel: +44 (0) 20 7418 8900

Mike Bell / Justin Jones

www.peelhunt.com

 

 

Jefferies Hoare Govett (Joint Broker)

Tel: +44 (0) 20 7029 8000

Max Jones / Will Soutar

www.jefferies.com

 

 

 

Media enquiries:

Buchanan

 

Henry Harrison-Topham / Richard Oldworth

Jamie Hooper / Steph Watson

 

Tel: +44 (0) 20 7466 5000

[email protected]

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 and build to rent sectors.  The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high quality developments.  Since 1999, Watkin Jones has delivered more than 34,500 student beds across 107 sites.  In addition, Fresh Property Group, the Group's specialist accommodation management company, manages more than 16,000 student beds on behalf of its institutional clients.  Watkin Jones has also been responsible for over 50 residential developments, ranging from starter homes to executive housing and apartments.  The Group is now expanding its development and management 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

 


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