Exercise of Options / PDMR Shareholding

RNS Number : 3295Z

JTC PLC

20 May 2021

 

20 May 2021

JTC PLC

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

Exercise of Options / PDMR Shareholding

In accordance with the requirements of Market Abuse Regulation Article 19, JTC announces the exercise of options over a total of 110,873 Ordinary Shares of 1 pence each in the Company ("Ordinary Shares") by Michael Halloran, a PDMR, at an aggregate exercise price of 82 pence per Ordinary Share.

The options were exercised under the merger agreement made between JTC and NES Financial (NESF) on 1 April 2020, in which it was agreed that any outstanding vested and exercisable options would convert from options in NESF to options in JTC. On 29 April 2020 the required completion deliverables were met and the transaction Completed. The rules that governed the NESF option plan were adopted by JTC at Completion and each option to purchase NESF common shares was converted into an option to purchase JTC Ordinary Shares at a ratio of 1:0.255 to represent an equivalent value at Completion for both shares and exercise price. The Option Exercise will be satisfied by the transfer of existing Ordinary Shares issued at Completion.

Following this transaction the total beneficial holding of Ordinary Shares by Michael Halloran and his connected persons is 1,705,783 Shares, representing approximately 1.28% of the issued share capital.

The information set out below is provided in accordance with the requirements of the Market Abuse Regulations.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Michael Halloran
2	Reason for the notification
a)	Position/Status:	Group Head of Technology Strategy / 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:	Exercise of share options
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		101p 113p 34p	5,045 62,744 43,084
d)	Aggregated volume: Price:	110,873 82p
e)	Date of the Transaction:	20 May 2021
f)	Place of the Transaction:	Outside a trading venue

For further information please contact:

Miranda Lansdowne

JTC (Jersey) Limited

Company Secretary

[phone]

[e-mail]

About JTC

JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all our stakeholders. Our purpose is to maximize potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.

www.jtcgroup.com

 

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