Director/PDMR Shareholding

RNS Number : 3901A

Watkin Jones plc

02 February 2022

 

For immediate release

2 February 2022

Watkin Jones plc

('Watkin Jones' or the 'Company')

Director/PDMR Shareholding

Watkin Jones plc (AIM:WJG) announces that on 31 January 2022 the following nominal-cost share awards over ordinary shares of 1 penny each in the Company were granted under the Watkin Jones Long Term Incentive Plan 2018 to the following persons discharging managerial responsibilities ("Awards"):

PDMR	Position	Number of shares granted under the Awards	Total number of LTIP options held
Richard Simpson	Chief Executive Officer	299,310	1,488,030
Sarah Sergeant	Chief Financial Officer	114,068	114,068

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 a three-year performance period.  In addition to assessing the performance conditions, the Remuneration Committee retains the discretion to adjust the Awards downwards at vesting to ensure that all relevant factors are taken into account, including the consideration of any windfall gains.

The notification below, made in accordance with the requirements of the UK 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	Richard Simpson
2	Reason for the notification
a)	Position/status	Chief Executive 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 299,310
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	31 January 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Sergeant
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 114,068
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	31 January 2022
f)	Place of the transaction	Outside of a trading venue

For further information:

Watkin Jones plc
Richard Simpson, Chief Executive Officer	Tel: [phone]
Sarah Sergeant, Chief Financial Officer Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker)	Tel: [phone]
Mike Bell / Ed Allsopp	www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Broker)	Tel: [phone]
Max Jones / James Umbers	www.jefferies.com

Media enquiries:

Buchanan
Henry Harrison-Topham / Steph Whitmore [e-mail]	Tel: [phone] www.buchanan.uk.com

Notes to Editors

Watkin Jones is the UK's leading developer and manager of residential for rent, with a focus on the build to rent, student accommodation and affordable housing 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 46,000 student beds across 136 sites, making it a key player and leader in the UK purpose-built student accommodation market, and is increasingly expanding its operations into the build to rent sector.  In addition, Fresh, the Group's specialist accommodation management business, manages over 22,000 student beds and build to rent apartments on behalf of its institutional clients.  Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments.

The Group's competitive advantage lies in its experienced management team and capital-light 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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