Director/PDMR Shareholding

RNS Number : 3772E
Just Retirement Group PLC
03 November 2015
 



Just Retirement Group plc

3 November 2015

Disclosure of Director/PDMR shareholdings under DTR 3.1

On 2 November 2015, following the completion of the Placing and Open Offer by the Company on 16 October 2015 and pursuant to the rules of the Company's share plans, adjustments have been made to existing awards and options granted under those plans to participants to take account of the Placing and Open Offer, on the basis described below.

 

The adjustments operate so as to increase the number of Ordinary Shares subject to options and awards by a factor of 1.010932 and also, in the case of the Just Retirement Sharesave Scheme, to reduce the exercise price per share by a factor of 0.989186.

 

The adjustments to existing awards and options held by Directors/PDMRs of the Company under each plan are set out below.

 

1. The Company made the following adjustments to options over Ordinary Shares granted under the Just Retirement Group plc 2013 Long Term Incentive Plan ('LTIP') to the following PDMRs:

 

PDMR

Number of

Shares under

Option before

adjustment

Number of Shares

under Option

following adjustment

 

Rodney Cook - Chief Executive Officer

LTIP 2013

LTIP 2014

 

497,777

806,916

 

503,218

815,737

Simon Thomas - Group Finance Director

LTIP 2013

LTIP 2014

 

220,000

356,628

 

222,405

360,526

Shane Deighton - Group Chief Actuary

LTIP 2013

LTIP 2014

 

220,000

356,628

 

222,405

360,526

 

2. The Company made the following adjustments to awards over Ordinary Shares granted under the Just Retirement Group plc Deferred Share Bonus Plan ('DSBP') to the following PDMRs:

 

PDMR

Number of

Shares under

Award before

adjustment

 

Number of Shares

under Award

following adjustment

 

Rodney Cook

DSBP 2014

 

128,595

 

130,000

Simon Thomas

DSBP 2014

 

72,788

 

73,583

Shane Deighton

DSBP 2014

 

67,802

 

68,543

 

3. The Company made the following adjustments to options over Ordinary Shares granted under the Just Retirement Group plc Sharesave Scheme ('SAYE') to the following PDMRs:

 

PDMR

Number of

Shares under

Option before

adjustment

 

Number of Shares

under Option

following adjustment

Exercise Price before adjustment (pence)

Exercise Price following adjustment (pence)

Rodney Cook

SAYE 2014

 

14,876

 

15,038

 

121

 

119.69

Simon Thomas

SAYE 2014

Spouse (eligible employee)

SAYE 2014

 

14,876

 

4,462

 

15,038

 

4,510

 

121

 

121

 

119.69

 

119.69

Shane Deighton

SAYE 2014

 

24,793

 

25,064

 

121

 

119.69

 

 

Martin Smith

Group Company Secretary

Just Retirement Group plc  

+44 (0)1737 827293

 

 


This information is provided by RNS
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