JUST EAT plc Share Dealings by Director (1691S)
December 19 2016 - 1:30AM
UK Regulatory
TIDMJE.
RNS Number : 1691S
JUST EAT plc
19 December 2016
19 December 2016
Just Eat plc
("Just Eat", the "Company" or the "Group")
Share Dealings by Director
Just Eat (LSE: JE), a leading global marketplace for online food
delivery, was notified on 16 December 2016, that on the same day,
John Hughes, Chairman of the Company sold 235,000 ordinary shares
in the Company ("Shares") on the open market at a price of 571.89
pence per Share. The Shares sold were held under the JUST EAT Joint
Share Ownership Plan ("JSOP").
In addition, 15,000 shares held under the JSOP ("JSOP Shares")
were on 16 December 2016 in Jersey transferred from joint ownership
with the Employee Benefit Trust ("EBT") to the sole ownership of
John Hughes for a consideration of GBP0.1204 per Share (being the
threshold amount determined when the awards under the JSOP were
made (the "Threshold")), increasing his direct shareholding in the
Company.
The beneficial interest in JSOP Shares is jointly held between
the relevant Director and the EBT, which was established by the
Company prior to its IPO as part of its remuneration arrangements.
On sale of a JSOP Share, the participant is entitled to the sale
proceeds in excess of the Threshold. The EBT is entitled to the
balance of the sale proceeds.
Following these transactions, John Hughes has the following
interests in the share capital of the Company:
Name and position Number of Shares Percentage of Number of remaining
of Director held total Issued JSOP Shares held
Share Capital (vested and unvested)
of Shares held
----------------------- ----------------- ---------------- -----------------------
John Hughes, Chairman 190,000 0.03% 1,675,800
----------------------- ----------------- ---------------- -----------------------
For further information please contact:
Just Eat:
Adam Kay, Head of Investor Relations +44 (0) 20 3667 6900
Brunswick Group LLP:
Sarah West, David Litterick,
Chris Buscombe +44 (0) 20 7404 5959
About Just Eat:
Just Eat plc operates the world's leading digital marketplace
for online food delivery. Headquartered in London, we use
proprietary technology to offer a quick and efficient digital
ordering service for over 16.6 million users and over 63,900
takeaway restaurants. Just Eat is a member of the FTSE 250
Index.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 19, 2016 02:30 ET (07:30 GMT)
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