TIDMWJG

RNS Number : 1027F

Watkin Jones plc

05 July 2023

 
For immediate release  5 July 2023

Watkin Jones plc

('Watkin Jones' or the 'Company')

Issue of Sharesave options and PDMR shareholding

Watkin Jones announces that on 4 July 2023, the Company granted options ("Options") over 2,077,512 ordinary shares pursuant to the Watkin Jones plc Sharesave Scheme.

The Options have a contract start date of 1 August 2023 and normally vest and become exercisable on completion of the three year savings period. The exercise price, which was set in accordance with HM Revenue & Customs rules, is 53.36 pence per ordinary share.

Within the Options described above, Options over 16,866 ordinary shares were granted to Alex Pease, Chief Investment Officer. The Notification of Dealing Form provided in accordance with the requirements of MAR in relation to this transaction is set out below.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Alex Pease 
     --------------------------  --------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Executive Director/PDMR 
     --------------------------  --------------------------------------- 
 b)   Initial notification             Initial notification 
       /Amendment 
     --------------------------  --------------------------------------- 
 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                 Ordinary Shares of GBP0.01 each 
       of the financial 
       instrument, 
       type of instrument          ISIN: GB00BD6RF223 
       Identification 
       code 
     --------------------------  --------------------------------------- 
 b)   Nature of                   Grant of SAYE options 
       the transaction 
     --------------------------  --------------------------------------- 
 c)   Price(s) and                 Price   No. of shares 
       volume(s)                    53.36   16,866 
                                           -------------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated 
       information                  N/A 
       - Aggregated 
       volume 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the                 4 July 2023 
       transaction 
     --------------------------  --------------------------------------- 
 f)   Place of the                 Outside of a trading venue 
       transaction 
     --------------------------  ---------------------------------------

- Ends -

 
Watkin Jones plc 
Richard Simpson, Chief Executive Officer                          Tel: +44 (0) 20 3617 4453 
Sarah Sergeant, 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 /David Sheehan/Paul Bundred                                  www.jefferies.com

Media enquiries:

 
Buchanan 
Henry Harrison-Topham / Jamie Hooper 
                                        Tel: +44 (0) 20 7466 5000 
watkinjones@buchanan.uk.com                   www.buchanan.uk.com

Notes to Editors

Watkin Jones is the UK's leading developer and manager of residential for rent, with a focus on the build to rent, student accommodation and affordable housing sectors. The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high quality developments. Since 1999, Watkin Jones has delivered 48,000 student beds across 143 sites, making it a key player and leader in the UK purpose-built student accommodation market, and is increasingly expanding its operations into the build to rent sector. In addition, Fresh, the Group's specialist accommodation management business, manages over 22,000 student beds and build to rent apartments on behalf of its institutional clients. Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments.

The Group's competitive advantage lies in its experienced management team and capital-light business model, which enables it to offer an end-to-end solution for investors, delivered entirely in-house with minimal reliance on third parties, across the entire life cycle of an asset.

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L. For additional information please visit www.watkinjonesplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFLFIRDDIEIIV

(END) Dow Jones Newswires

July 05, 2023 12:10 ET (16:10 GMT)

Watkin Jones (LSE:WJG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Watkin Jones Charts.
Watkin Jones (LSE:WJG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Watkin Jones Charts.