JTC PLC Director's Shareholding
September 23 2024 - 2:00AM
RNS Regulatory News
RNS Number : 1239F
JTC PLC
23 September 2024
23 September 2024
JTC PLC
(the "Company" and together
with its subsidiaries "JTC" or the "Group")
Director's
Shareholding
The Company announces that it was
notified on 20 September 2024, that Nigel Le Quesne, Chief
Executive Officer of JTC, has entered into a security arrangement
as detailed below. The security arrangement came into effect on 20
September 2024.
The pledge of 2,680,000 Ordinary
Shares in JTC is as security against a £5 million personal loan
facility with DB UK Bank Limited to provide liquidity for personal
investment commitments. His desire to maintain title to the
underlying ownership of the shares is indicative of Mr. Le Quesne's
confidence in the Company's future performance.
Mr. Le Quesne remains the beneficial
owner of the 2,680,000 Ordinary Shares subject to the pledge and
retains full voting rights.
Following the transaction Mr. Le
Quesne's shareholding in the Company remains unchanged, being
10,889,868 Ordinary Shares, representing approximately 6.49% of the
Issued Share Capital. Mr. Le Quesne is
JTC's largest shareholder.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Nigel Le Quesne
|
|
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
participation, auction platform, auctioneer or auction
monitor
|
|
a)
|
Name:
|
JTC PLC
|
|
b)
|
LEI:
|
213800DVUG4KLF2ASK33
|
|
4.
|
Details of 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:
Identification code:
|
Ordinary shares of £0.01 each
JE00BF4X3P53
|
|
b)
|
Nature of the
transaction:
|
The pledge of 2,680,000 Ordinary
Shares as security against a personal loan facility with DB UK Bank
Limited. Mr. Le Quesne remains the beneficial owner of the shares
subject to the pledge and retains full voting rights.
|
|
c)
|
Price(s) and volume(s):
|
Price(s)
|
Volume(s)
|
|
Nil
|
2,680,000
|
|
d)
|
Aggregated volume:
Price:
|
2,680,000
Nil
|
|
e)
|
Date of the Transaction:
|
20 September 2024
|
|
f)
|
Place of the Transaction:
|
Outside a trading venue
|
For further information please
contact:
Miranda Lansdowne
JTC (Jersey) Limited
Company Secretary
+44 1534 700 000
Miranda.Lansdowne@jtcgroup.com
About JTC
JTC is a publicly listed, global
professional services business with deep expertise in fund,
corporate and private client services. Every JTC person is an owner
of the business and this fundamental part of our culture aligns us
with the best interests of all of our stakeholders. Our purpose is
to maximise potential and our success is built on service
excellence, long-term relationships and technology capabilities
that drive efficiency and add value.
www.jtcgroup.com
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END
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