Director/PDMR Shareholding

RNS Number : 9251O

Watkin Jones plc

06 February 2023

 

6 February 2023

Watkin Jones plc

('Watkin Jones' or the 'Company')

Director/PDMR Shareholding

Watkin Jones plc (AIM:WJG) announces that on 3 February 2023, 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 shares subject to outstanding LTIP Awards
Richard Simpson	Chief Executive Officer	732,752	1,878,473
Sarah Sergeant	Chief Financial Officer	279,255	393,323
Alex Pease	Chief Investment Officer	265,957	555,981

The Awards have a nominal exercise price of one penny per share and normally become exercisable after three years from the date of grant, subject to continued employment and performance based on the Company's total shareholder return relative to the constituents of the FTSE 350 Real Estate Sector (excluding agencies) (50%) and earnings per share performance (50%), each measured over a three-year performance period.

The Remuneration Committee intends to set the EPS target range within 6 months of grant of the Awards. If the Committee does not set the EPS target range for any reason, Awards will be determined by reference to relative TSR in respect of 100% of each Award.

In addition to assessing the performance conditions, which will be disclosed in full detail in next year's Directors' Remuneration Report, the Remuneration Committee retains discretion to reduce the vesting of Awards 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:

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 Award under the Watkin Jones Long Term Incentive Plan 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 732,752
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	3 February 2023
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 Award under the Watkin Jones Long Term Incentive Plan 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 279,255
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	3 February 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alex Pease
2	Reason for the notification
a)	Position/status	Chief Investment 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 Award under the Watkin Jones Long Term Incentive Plan 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 265,957
d)	Aggregated information - Aggregated volume - Price	Not applicable
e)	Date of the transaction	3 February 2023
f)	Place of the transaction	Outside of a trading venue

- Ends -

For further information:

Watkin Jones plc
Richard Simpson, Chief Executive Officer	Tel: [phone]
Sarah Sergeant, Chief Financial Officer	www.watkinjonesplc.com
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]
James Umbers / David Sheehan / Paul Bundred	www.jefferies.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Hooper	Tel: [phone]
[e-mail]	www.buchanan.uk.com

 

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