St. James's Place Director/PDMR Shareholding
December 30 2016 - 4:09AM
UK Regulatory
TIDMSTJ
St. James's Place plc ("SJP")
SJP was notified on 30 December 2016 of the following changes in
SJP shares held by the Executive Director named below.
SJP Performance Share Plan 2005 ("PSP") and linked Company Share
Option Plan 2010 ("CSOP")
On 21 March 2013, Mr David Bellamy, Executive Director, was
awarded a CSOP-linked award, whereby he was granted a nil-cost
unapproved option pursuant to the PSP and a linked HMRC approved
CSOP option. Mr Bellamy exercised the linked CSOP award on 29
December 2016 with an exercise price of GBP5.155 per share and, as
a result, his linked PSP award automatically lapsed in respect of
the number of shares equal in value to the gain realised upon
exercise of the linked CSOP award.
Column 1 sets out the number of SJP shares acquired as a result
of the exercise of the linked CSOP award on 29 December 2016, and
column 2 sets out the number of SJP shares sold on 29 December 2016
at GBP9.89 per share by Mr Bellamy. Column 3 sets out the number of
shares that have lapsed under the linked PSP award as a result of
this exercise, and Column 4 sets out the number of PSP award shares
retained under the linked PSP award.
1 2 3 4
Name Number of SJP Number of SJP Number of SJP Number of SP
of Director shares shares sold shares shares
acquired that have retained
on exercise of lapsed under the
CSOP option under the linked
linked PSP award
PSP award
David 774 407 371 175,807
Bellamy
SJP Performance Share Plan 2005 ("PSP")
On 21 March 2013 Mr Bellamy was awarded nil cost unapproved PSP
awards. On 29 December 2016, Mr Bellamy exercised those awards, as
set out in the table below.
Column 1 sets out the number of SJP shares exercised, column 2
sets out the number of SJP shares sold on 29 December 2016 at a
price of GBP9.963 per share by Mr Bellamy in order to settle income
tax and National Insurance liabilities. Column 3 sets out the
number of SJP shares retained.
1 2 3
Name of Director Number of SJP Number of SJP Number of SJP shares
shares shares sold retained
exercised to meet tax
liability
David Bellamy 175,807 82,837 92,970
Following the above, Mr Bellamy, on 30 December 2016 transferred
80,000 SJP shares by way of gift to members of his family. Mr
Bellamy further transferred 13,337 SJP shares by way of gift to the
Bellamy Family Trust ("the Trust") held with the Charities Aid
Foundation. Neither Mr Bellamy or a Person Closely Associated with
him are Trustees of the Trust and none of the shares held in the
Trust are held on his behalf on either a beneficial or
non-beneficial basis.
Current Holdings
The table below sets out the current holdings of Mr Bellamy and
his Closely Associated Persons* in SJP ordinary shares after the
above transactions:
Name of Director Number of SJP shares held
David Bellamy 1,263,080
(i) *The interests of the Director include those of his Closely
Associated Person as defined in Regulation (EU) No 596/2014 (Market
Abuse Regulation). The Closely Associated Person of Mr Bellamy is
Janette Bellamy.
(ii) The interests of the Director include deferred bonus scheme
awards held in trust for the Director which have not yet vested and
are subject to forfeiture.
This notification is made in accordance with Article 19(3) of
Regulation (EU) No 596/2014 (Market Abuse Regulation).
With the exception of the changes notified in this announcement,
the Executive Directors' shareholdings in SJP are unchanged.
Ann McGookin
Tel: +44 (0)1285 717318
View source version on businesswire.com:
http://www.businesswire.com/news/home/20161230005114/en/
This information is provided by Business Wire
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December 30, 2016 05:09 ET (10:09 GMT)
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