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Watkin Jones plc (WJG)

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Wednesday 07 March, 2018

Watkin Jones plc

Director Shareholding

RNS Number : 0181H
Watkin Jones plc
07 March 2018
 

For immediate release

7 March 2018

 

 

Watkin Jones plc

('Watkin Jones', the 'Group' or the 'Company')

 

Director Shareholding

 

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors, announces that Mark Watkin Jones (CEO) has today sold 3,825,000 ordinary shares of one penny each in the Company, representing approximately 1.5% of the issued share capital, in order to facilitate final settlement of divorce proceedings. Following the trade, Mark Watkin Jones holds 3,825,000 ordinary shares, which are subject to a lock-up expiring in 180 days from today, and the Watkin Jones Family* continue to hold, in total, 70,584,407 ordinary shares representing 27.64% of the issued share capital.

 

* Comprising the ordinary shares held by Mark Watkin Jones, together with 38,901,422 ordinary shares held by the G&J Watkin Jones 1992 Settlement Trust and 27,857,985 ordinary shares held by the Watkin Jones Will Trust, in both of which Mark Watkin Jones holds an interest as a potential beneficiary.

 

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

Mark Watkin Jones

 

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

     Shareholder

No. of shares

      195p

Mark Watkin Jones

3,825,000




d)

Aggregated information

- Aggregated      volume

- Price

 

Volume: 3,825,000

Weighted average price: 195p

e)

Date of the transaction

7 March 2018

f)

Place of the transaction

London Stock Exchange, AIM

 

- Ends -

 

For further information:

Watkin Jones plc

 

Mark Watkin Jones, Chief Executive Officer

Tel: +44 (0) 1248 362 516

Phil Byrom, Chief Financial Officer

www.watkinjonesplc.com

 

 

 

 

Peel Hunt LLP (Nominated Advisor & Joint Broker)

 Tel: +44 (0) 20 7418 8900

Mike Bell / Justin Jones

www.peelhunt.com

 

 

Jefferies Hoare Govett (Joint Broker)

Tel: +44 (0) 20 7029 8000

Max Jones / Will Soutar

www.jefferies.com

 

 

 

Media enquiries:

Buchanan

 

Henry Harrison-Topham / Richard Oldworth

Jamie Hooper / Steph Watson

 

Tel: +44 (0) 20 7466 5000

[email protected]

www.buchanan.uk.com

 

Notes to Editors

 

Watkin Jones is a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent 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 more than 34,500 student beds across 107 sites.  In addition, Fresh Property Group, the Group's specialist accommodation management company, manages more than 16,000 student beds on behalf of its institutional clients.  Watkin Jones has also been responsible for over 50 residential developments, ranging from starter homes to executive housing and apartments.  The Group is now expanding its development and management operations into the build to rent sector.

 

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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