Director/PDMR Shareholding

Director/PDMR Shareholding

St. James's Place

St. James’s Place plc (“SJP”)

SJP was notified on 26 March 2012 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibilities (“PDMRs”) named below.

Sharesave Share Option Scheme

SJP was notified on 26 March 2012 that on 23 March 2012, the executive Directors and PDMRs named below were granted options under the SJP Sharesave Share Option Scheme 2000 to acquire ordinary shares of 15p each in SJP at an exercise price of £2.96 per share as set out below. The options are exercisable between 1 May 2015 and 31 October 2015:

Name of Director       Number of Share Options Granted
David Bellamy 3,040
Andrew Croft 3,040
Name of PDMR
Adrian Batchelor 3,040
Mike Blunt 3,040
Tony Dunk 3,040
Hugh Gladman 3,040
Mike Gravestock 3,040
Sonia Gravestock 3,040
Ian MacKenzie 3,040
 

Award of Nil Cost Options under the SJP Performance Share Plan (“PSP”)

On 26 March 2012, the following executive Directors and PDMRs were granted nil cost options under the terms of the PSP over the number of SJP shares set out below:

Name of Director       Maximum number of SJP ordinary 15p shares subject to award
David Bellamy 242,220
Andrew Croft 161,206
Ian Gascoigne 161,206
David Lamb 161,206
 
Name of PDMR       Maximum number of SJP ordinary 15p shares subject to award
Adrian Batchelor 39,040
Mike Blunt 36,847
Tony Dunk 37,285
Peter Edwards 36,847
Hugh Gladman 39,040
Mike Gravestock 37,943
Sonia Gravestock 33,995
Ian MacKenzie 31,802
Chris Ralph 35,640
Bill Tonks 40,137
 

The awards vest in three years and are exercisable from 26 March 2015 to 26 March 2018, subject to the achievement of prescribed performance targets over a three-year performance period that commenced on 1 January 2012 and will end on 31 December 2014. Two thirds of an award will be dependent on growth in adjusted earnings per share and one third on total shareholder return. Further details of the performance conditions are set out in the SJP Report & Accounts.

Award of SJP Shares under the SJP Deferred Bonus Scheme (“DBS”)

On 26 March 2012, SJP awarded the following ordinary 15p shares under the DBS to the executive Directors and PDMRs named below.

Under the scheme rules, the SJP shares are held by an employee benefit trust (SG Hambros Trust Company (Channel Islands) Limited) on behalf of the executive Directors and PDMRs for a three-year restricted period which will end on 26 March 2015. Until that date, the shares are subject to forfeiture, for example if the executive Director or PDMR leaves SJP.

Name of Director       Number of SJP ordinary 15p shares awarded
David Bellamy 49,563
Andrew Croft 35,813
Ian Gascoigne 35,813
David Lamb 35,813
 
Name of PDMR       Number of SJP ordinary 15p shares awarded
Adrian Batchelor 13,913
Mike Blunt 14,724
Tony Dunk 17,315
Peter Edwards 16,697
Hugh Gladman 13,913
Mike Gravestock 18,439
Sonia Gravestock 15,787
Ian MacKenzie 7,881
Chris Ralph 8,448
Bill Tonks 19,505
 

Award of SJP Shares under the SJP 2010 Share Incentive Plan (“SIP”)

On 26 March 2012, SJP awarded the following SJP ordinary 15p shares under the SIP to the PDMRs set out in the table below, at a price of £3.65 per share, in return for £1,500 being deducted from their pre-tax salary. The shares will be held by an employee benefit trust (SJP AESOP Trustees Limited) (the “Trustee”) on behalf of the PDMRs named below for a minimum period of three years from the date of award.

Name of PDMR       Number of SJP ordinary 15p shares awarded under the SIP*
Adrian Batchelor 452
Mike Blunt 452
Tony Dunk 452
Peter Edwards 452
Hugh Gladman 452
Mike Gravestock 452
Sonia Gravestock 452
Ian MacKenzie 452
 

* Includes Partnership and Matching Shares

PDMR Share Dealing

Hugh Gladman notified SJP on 26 March 2012 that on 23 March 2012 he sold 5,700 SJP shares at £3.62 per share.

Current Holdings

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

Name of Director       Number of SJP shares held
David Bellamy 1,340,508
Andrew Croft 709,198
Ian Gascoigne 682,415
David Lamb 422,041
 
Name of PDMR       Number of SJP shares held
Adrian Batchelor 283,009
Mike Blunt 163,159
Tony Dunk 375,812
Peter Edwards 121,544
Hugh Gladman 247,173
Mike Gravestock 415,761
Sonia Gravestock 415,761
Ian MacKenzie 52,757
Chris Ralph 18,695
Bill Tonks 203,095
 

(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 include deferred bonus scheme awards held in trust for the Directors and PDMRs which have not yet vested and are subject to forfeiture.

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

With the exception of the changes notified in this announcement, the executive Directors’ and PDMRs’ shareholdings in SJP are unchanged.

Deputy Company Secretary

Tel: +44 (0)1285 878762

End

UK 100

Latest directors dealings