Issue of Equity & Director/PDMR Shareholding

RNS Number : 1216O

Watkin Jones plc

08 June 2022

 

For immediate release

8 June 2022

Watkin Jones plc

('Watkin Jones' or the 'Company')

Issue of Equity

Director/PDMR Shareholding

Watkin Jones plc (AIM: WJG) announces that it has issued and allotted 266,908 ordinary shares of 1 penny each in the Company ("Ordinary Shares") pursuant to the exercise of awards under the Company's Long Term Incentive Plan ("LTIP").

Accordingly, application has been made for the 266,908 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and that dealings will commence in the new Ordinary Shares at 08.00 a.m. on 9 June 2022. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares.

In order to meet the costs of the exercise, and the personal taxation liabilities arising on the exercise, Richard Simpson, Chief Executive Officer of the Company, has sold, in aggregate, 63,793 Ordinary Shares, each at a price of 231.5p per Ordinary Share, which is set out in the table below. The balance of the new Ordinary Shares have been retained by Richard Simpson in accordance with the terms of the LTIP.

Name	Role	Number of Ordinary Shares exercised	Number of Ordinary Shares sold	Resulting interest in Ordinary Shares	Resulting percentage of Ordinary Shares
Richard Simpson	Chief Executive Officer	130,516	63,793	583,710	0.23%

Total Voting Rights

Following Admission, the Company's total issued share capital will comprise 256,430,367 Ordinary Shares. The Company does not hold any shares in treasury. Therefore the total number of voting rights in the Company will be 256,430,367. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.

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	Exercise of awards under the LTIP
c)	Price(s) and volume(s)	Price No. of shares 1p 130,516
d)	Aggregated information - Aggregated  volume - Price	n/a
e)	Date of the transaction	1 June 2022
f)	Place of the transaction	Outside of a trading venue

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	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price No. of shares 231.5p 63,793
d)	Aggregated information - Aggregated  volume - Price	n/a
e)	Date of the transaction	1 June 2022
f)	Place of the transaction	London Stock Exchange, AIM

- Ends -

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

 

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