JUST EAT plc Share Dealing by a Director (9512O)
August 25 2017 - 1:00AM
UK Regulatory
TIDMJE.
RNS Number : 9512O
JUST EAT plc
25 August 2017
25 August 2017
Just Eat plc
("Just Eat" or the "Company")
Share Dealing by a Director
Just Eat plc (LSE: JE), a leading global marketplace for online
food delivery, yesterday was notified that between 23 and 24 August
2017, David Buttress, a Non-executive Director of the Company, has
exercised his vested shares held under the Just Eat Joint Share
Ownership Plan ("JSOP"), amounting to 1,034,649 ordinary shares of
GBP0.01 each in the Company ("Shares").
David Buttress has retained 250,000 of these Shares, increasing
his direct shareholding in Just Eat to 750,000 Shares. The Shares
have been transferred from joint ownership with the Employee
Benefit Trust ("EBT") to the sole ownership of David Buttress for a
consideration of GBP0.5767 per Share (being the threshold amount
determined when the awards under the JSOP were made (the
"Threshold")).
At the same time, David Buttress sold the remaining 784,649 JSOP
shares on the open market at an average price of GBP6.355961 per
Share.
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, David Buttress has the following
interests in the share capital of the Company:
Names and Number of Percentage Number of
positions Shares held of total remaining
of Directors Issued share JSOP Shares
capital held (vested
of Shares and unvested)
held
----------------- ------------- -------------- ---------------
David Buttress,
Non-executive
Director 750,000 0.11% 421,528
----------------- ------------- -------------- ---------------
For further information, please contact:
Just Eat
Adam Kay, Head of Investor +44 (0) 20
Relations 3667 6900
For media enquiries, please contact:
+44 (0) 20
Brunswick Group LLP 7404 5959
David Litterick, Chris Buscombe
About Just Eat:
Just Eat plc operates a leading global marketplace for online
food delivery. Headquartered in London, we use proprietary
technology to offer a quick and efficient digital ordering service
for 19 million users and 75,400 Restaurant Partners. Just Eat is a
member of the FTSE 250 Index.
1. Details of the person discharging managerial
responsibilities / person closely associated
---- -------------------------------------------------------------
Name David Buttress
---- -------------------------------- ---------------------------
2. Reason for the Notification
---- -------------------------------------------------------------
Position/Status Non-Executive Director
---- -------------------------------- ---------------------------
Initial notification/amendment Initial notification
---- -------------------------------- ---------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------
Name Just Eat plc
---- -------------------------------- ---------------------------
LEI 213800DZ8PDXRQBBBM02
---- -------------------------------- ---------------------------
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
---- -------------------------------------------------------------
Description of the Ordinary shares of
Financial instrument, GBP0.01 each in Just
type of instrument Eat plc
---- -------------------------------- ---------------------------
Identification code GB00BKX5CN86
---- -------------------------------- ---------------------------
Nature of the Transaction Acquisition of shares
following exercise
of share options under
the Just Eat plc Share
Ownership Plan ("JSOP")
---- -------------------------------- ---------------------------
Price(s) and volume(s) Price(s) Volume(s)
GBP
---- -------------------------------- -------------- -----------
0.5767 250,000
------------------------------------- -------------- -----------
Aggregated N/A single transaction
---- -------------------------------- ---------------------------
Nature of the Transaction Disposal of shares
following exercise
of share options under
the Just Eat plc Share
Ownership Plan ("JSOP")
---- -------------------------------- ---------------------------
Price(s) and volume(s) Price(s) Volume(s)
GBP
---- -------------------------------- -------------- -----------
6.355961 784,649
------------------------------------- -------------- -----------
Aggregated N/A single transaction
------------------------------------- ---------------------------
Date of the transaction 23 and 24 August 2017
------------------------------------- ---------------------------
Place of the transaction X-LON
------------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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