25 September 2023
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Director's Share Dealing
In accordance with the requirements of Market Abuse Regulation Article 19, JTC announces it was notified on 22 September 2023 that Martin Fotheringham, Chief Financial Officer, has sold 100,000 shares of 0.01 pence each in the capital of the Company ("Ordinary Shares") at an aggregate price of £7.505 per Ordinary Share.
This sale of Ordinary Shares is to meet costs associated with the extension and redevelopment of a private residence for Mr Fotheringham and his family. Mr. Fotheringham remains fully committed to the business and, in keeping with JTC's ethos of shared ownership among all employees, retains a shareholding in the Company significantly in excess of the requirement for Executive Directors to maintain a minimum shareholding equivalent to 150% of their base salary.
Following the transactions Mr. Fotheringham's shareholding in the Company is 738,931 Ordinary Shares, representing approximately 0.44643% of the Issued Share Capital.
Details of the share sale are set out below:
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Martin Fotheringham | |
| 2 | Reason for the notification | ||
| a) | Position/Status: | Chief Financial Officer | |
| b) | Initial Notification/Amendment: | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
| a) | Name: | JTC PLC | |
| b) | LEI: | 213800DVUG4KLF2ASK33 | |
| 4. | Details of 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: Identification code: | Ordinary Shares of £0.01 each JE00BF4X3P53 | |
| b) | Nature of the transaction: | Sale of Ordinary Shares | |
| c) | Price(s) and volume(s): | Price(s) | Volume(s) |
| (i) 750.0p (ii) 751.0p | (i) 50,000 (ii) 50,000
| ||
| d) | Aggregated volume: Price: | 100,000
750.5p
| |
| e) | Date of the Transaction: | (i) 22 September 2023 (ii) 22 September 2023
| |
| f) | Place of the Transaction: | London Stock Exchange - XLON | |
For further information please contact:
Miranda Lansdowne
JTC (Jersey) Limited
Company Secretary
+44 1534 700 000
Miranda.Lansdowne@jtcgroup.com
About JTC
JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all our stakeholders. Our purpose is to maximize potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.
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