| For immediate release | 15 March 2024 |
Watkin Jones plc
('Watkin Jones' or the 'Company')
Issue of Equity
Director/PDMR Shareholding
Watkin Jones plc (AIM: WJG) announces that it has issued and allotted 211,844 ordinary shares of 1 penny each in the Company ("Ordinary Shares") pursuant to the exercise of awards under the Company's Deferred Share Bonus Plan ("DSBP").
Accordingly, application has been made for the 211,844 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and that dealings will commence in the new Ordinary Shares at 08.00 a.m. on 18 March 2024. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares.
In order to meet the costs of the exercise, and the personal taxation liabilities arising on the exercise, Sarah Sergeant, Chief Financial Officer of the Company, has sold, in aggregate, 44,153 Ordinary Shares, each at a price of 42.66p per Ordinary Share, which is set out in the table below. The balance of the new Ordinary Shares have been retained by Sarah Sergeant.
| Name | Role | Number of Ordinary Shares exercised | Number of Ordinary Shares sold | Resulting interest in Ordinary Shares | Resulting percentage of Ordinary Shares |
| Sarah Sergeant | Chief Financial Officer | 90,765 | 44,153 | 76,562 | 0.03% |
Total Voting Rights
Following Admission, the Company's total issued share capital will comprise 256,653,097 Ordinary Shares. The Company does not hold any shares in treasury. Therefore the total number of voting rights in the Company will be 256,653,097. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.
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 | Sarah Sergeant | ||||
| 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 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 | Exercise of award under the DBSP | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
n/a
| ||||
| e) | Date of the transaction | 15 March 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Sarah Sergeant | ||||
| 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 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 | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
n/a
| ||||
| e) | Date of the transaction | 15 March 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
- Ends -
For further information:
| Watkin Jones plc |
| |
| Alex Pease, 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 / Steph Whitmore watkinjones@buchanan.uk.com | Tel: +44 (0) 20 7466 5000 www.buchanan.uk.com |
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