| For immediate release | 24 May 2023 |
Watkin Jones plc
('Watkin Jones' or the 'Company')
Director Shareholding
Watkin Jones plc (AIM:WJG) announces that Alan Giddins, Non-Executive Director and Chair, bought 50,500 ordinary shares in the Company on 23 May 2023 at a price of 77.79017 pence per share.
Subsequent to this purchase of shares, Alan Giddins now holds 184,000 ordinary shares in the Company, representing 0.07% of the Company's issued share capital.
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 | Alan Giddins
| ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director and Chair
| ||||
| 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 | Acquisition of 50,500 ordinary shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
Volume: 50,500 Price: 77.79017p
| ||||
| e) | Date of the transaction | 23 May 2023 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
- Ends -
| Watkin Jones plc |
| |
| Richard Simpson, Chief Executive Officer | Tel: +44 (0) 20 3617 4453 | |
| Sarah Sergeant, Chief Financial Officer | ||
| | | |
|
Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker) |
Tel: +44 (0) 20 7418 8900 | |
| Mike Bell / Ed Allsopp | ||
| | | |
|
Jefferies Hoare Govett (Joint Corporate Broker) |
Tel: +44 (0) 20 7029 8000 | |
| James Umbers /David Sheehan/Paul Bundred
| ||
| | | |
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
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