Watkin Jones plc Director/PDMR Shareholding
August 30 2024 - 10:15AM
RNS Regulatory News
RNS Number : 3799C
Watkin Jones plc
30 August 2024
30 August
2024
Watkin Jones
plc
('Watkin
Jones' or the 'Company')
Director/PDMR
Shareholding
Watkin Jones plc (AIM:WJG) announces
that on 30 August 2024, the following nominal-cost share award over
ordinary shares of 1 penny each in the Company was granted under
the Watkin Jones Long Term Incentive Plan 2018 to the following
person discharging managerial responsibilities
('Award'):
|
PDMR
|
|
Position
|
Number of shares granted
under the Award
|
Total number of shares
subject to outstanding LTIP Awards
|
|
Simon Jones
|
|
Chief Financial Officer
|
1,531,728
|
1,531,728
|
The Award has a nominal exercise
price of one penny per share and normally becomes exercisable from
21 May 2027, subject to continued employment and performance based
on total shareholder return ('TSR') measured against absolute
growth targets.
The absolute TSR targets and
underlying three year performance period are the same as attached
to the LTIP Awards granted to others earlier to this year on 30
January 2024 as previously disclosed. The number of shares
under the Award granted to Mr Jones was also calculated by
reference to the same reference share price as was used for the
January 2024 LTIP Awards (being the Watkin Jones average share
price from 1 October 2023 to 29 January 2024).
In addition to assessing performance
against the TSR targets, the Remuneration Committee retains
discretion to reduce the vesting of the Award to ensure that all
relevant factors are taken into account, including the
consideration of any windfall gains.
The notification below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provides further detail:
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Simon Jones
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Financial 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
|
Grant of Award under the Watkin
Jones Long Term Incentive Plan 2018
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
1,531,728
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
30 August 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
- Ends -
For
further information:
|
Watkin Jones plc
|
|
|
Alex Pease, Chief Executive
Officer
|
Tel: +44
(0) 20 3617 4453
|
|
Simon Jones, Chief Financial
Officer
|
www.watkinjonesplc.com
|
|
|
|
|
Peel Hunt LLP (Nominated
Adviser & Joint Corporate Broker)
|
Tel: +44
(0) 20 7418 8900
|
|
Mike Bell / Ed Allsopp
|
www.peelhunt.com
|
|
|
|
|
Jefferies Hoare Govett (Joint
Corporate Broker)
|
Tel: +44
(0) 20 7029 8000
|
|
James Umbers / Paul
Bundred
|
www.jefferies.com
|
|
|
|
|
Media enquiries:
|
Burson Buchanan
|
|
|
Henry Harrison-Topham / Steph
Whitmore
|
Tel: +44
(0) 20 7466 5000
|
|
watkinjones@buchanan.uk.com
|
www.bursonbuchanan.com
|
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