Director/PDMR Shareholding

St. James's Place PLC

25 October 2023

 

PDMR SHAREHOLDING

25 October 2023

Grant of Buyout Awards

Mark FitzPatrick was appointed to the Company's Board of Directors as Chief Executive Officer Designate on 1 October 2023.

On 24 October 2023, Mark was granted the following nil-cost options under the St. James's Place plc Performance Share Plan over 100,044 Ordinary Shares of 15 pence each in respect of the buy-out of a portion of the share awards that Mark forfeited on leaving his previous employment. The number of shares awarded has been calculated using a market price of £6.4388 per share.

The nil-cost options will vest in tranches on the vesting dates shown in the table below, subject to the achievement of performance conditions.  Any shares which vest will be subject to a post-vesting holding period of two years from the relevant vesting date.

PDMR                         No. of shares awarded      Vesting Date

Mark FitzPatrick                         14,873                                        17 May 2024

                                                    34,513                                        4 April 2025

                                                    50,658                                        27 May 2025

Total                          ​100,044

The Remuneration Committee believes that this award fairly reflects the share awards Mark forfeited in terms of value and timescale of vesting.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark FitzPatrick
2	Reason for the notification
a)	Position/status	PDMR/Chief Executive Officer Designate
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	St. James's Place plc
b)	LEI	213800M993ICXOMBCP87
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 15p each GB0007669376
b)	Nature of the transaction	Grant of buyout share options under the St. James's Place plc Performance Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 100,044
d)	Aggregated information: - Aggregated volume - Price	100,044 £nil
e)	Date of the transaction	24 October 2023
f)	Place of the transaction	Outside a trading venue

 

END