Grant of Conditional Share Awards

RNS Number : 0649V

JTC PLC

04 April 2019

 

4 April 2019

JTC PLC

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

Grant of Conditional Performance Share Plan 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 3 April 2019 conditional awards over ordinary shares of £0.01 each in the Company were made to Directors and certain persons discharging managerial responsibilities ("PDMRs") under JTC's Performance Share Plan ("PSP"), as follows:

Name of PDMR	Number of conditional Shares awarded
Nigel Le Quesne	98,100
Martin Fotheringham	75,000
Steven Bowen	16,667
Wendy Holley	16,667
Jonathan Jennings	12,500
Iain Johns	17,917
Anthony Underwood-Whitney	16,667

No consideration was paid for the grant of the Awards, which are structured as conditional share awards in accordance with the PSP 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 PSP. 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.

Grant of Conditional Deferred Bonus Share Plan Awards

The Board of the Company further announces that it has granted nil-cost conditional awards over a total of 50,015 ordinary shares of £0.01 each representing approximately 0.04% of the Company's issued share capital under the Company's Deferred Share Bonus Plan ("DBSP"). The awards are not subject to performance conditions but are subject to the rules of the DBSP, including vesting criteria.

The Awards shall Vest only to the extent that the DBSP Rules as set by the Remuneration Committee are satisfied. To the extent that the Performance Conditions are not satisfied, the Awards shall lapse.

The DBSP awards represent one half of the DBSP participants' annual bonus awards. The DBSP share awards will vest on the second anniversary of the grant date.

No Director or PDMR has received an award under the DBSP.

Awards under JTC's PSP for Directors and PDMRs are set out below.

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	98,100
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	3 April 2019
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 Financial 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	75,000
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	3 April 2019
f)	Place of the Transaction:	Outside trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Steven Bowen
2	Reason for the notification
a)	Position/Status:	Chief Risk 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	16,667
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	3 April 2019
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	16,667
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	3 April 2019
f)	Place of the Transaction:	Outside trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Jonathan Jennings
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	12,500
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	3 April 2019
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	17,917
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	3 April 2019
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:	Chief Commercial 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	16,667
d)	Aggregated volume: Price:	N/A
e)	Date of the Transaction:	3 April 2019
f)	Place of the Transaction:	Outside trading venue

For further information please contact:

Miranda Lansdowne

JTC (Jersey) Limited

Company Secretary

[phone]

[e-mail]

About JTC

JTC is a publicly listed, award-winning provider of fund, corporate and private wealth services to institutional and private clients.

Founded in 1987, we have over 700 people working across our global office network and are trusted to administer more than US$ 110 billion of client assets.

The principle of true shared ownership for all employees is fundamental to our culture and aligns us completely with the best interests of our clients and other stakeholders, with management and staff continuing to hold over 20% of the equity in the firm.

www.jtcgroup.com

 

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