Source - LSE Regulatory
RNS Number : 7902G
Joules Group plc
26 July 2019
 

Joules Group plc

 

("Joules" or the "Company")

 

Director/PDMR Share Dealing

 

IPO awards

 

At the point of the Company's IPO in May 2016, under various share incentive schemes, Joules granted certain senior management options over ordinary shares of 1p each in the Company ("Ordinary Shares"), subject to certain performance conditions and vesting periods. Reflecting the Company's strong performance since IPO, a significant proportion of these options have now vested.

 

Following the vesting of these options, the Directors set out below have exercised the following options and subsequently sold Ordinary Shares, in part to meet the tax liabilities associated with the option exercises.

 

Director

Ordinary Shares held previously

Options exercised

Ordinary Shares sold

Remaining Ordinary Shares held

Tom Joule

28,147,210*  

192,429

91,206

28,248,433

Colin Porter

1,519,822  

209,796

209,796

1,519,822

Marc Dench

138,016  

333,311

230,988

240,339

 

* This figure includes nine million Ordinary Shares transferred by Tom Joule on 1 February 2019 to five discretionary trusts (the "Trusts"). Tom Joule is one of the trustees of each of the Trusts, and the holder of trust protectorship rights over the Trusts, which gives him effective voting control of the shares held by the Trusts. Therefore, Tom Joule's voting control in the Company remains unchanged.

 

 

Grant of 2019 awards to Directors under DBP and LTIP

 

Joules announces that it has granted options over Ordinary Shares under the Joules 2016 Deferred Bonus Plan (the "DBP") and the Joules 2016 Long Term Incentive Plan (the "LTIP") to the Directors as set out below.

 

The DBP options are subject to a three-year vesting period and the LTIP options are subject to certain performance conditions and a three-year vesting period. These options have an exercise price of 1p per share.

 

Director

Number of options granted under DBP award

Number of options granted under LTIP award

Tom Joule

39,192

142,375

Colin Porter

40,362

N/a

Marc Dench

31,002

140,781

 

 

 

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

 

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

Tom Joule

2.   Reason for the notification

 

a)   Position/status

Chief Brand Officer

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Exercise of options

d)   Price(s) and volume(s)

 

Volume: 192,429

 

Price: 1p

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume: N/a

 

Price(s): N/a

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            Outside a trading venue

 

 

 

 

1.   Details of the person discharging managerial responsibilities/person closely associated

 

a)   Name

Colin Porter

2.   Reason for the notification

 

a)   Position/status

CEO

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Exercise of options

d)   Price(s) and volume(s)

 

Volume: 209,796

 

Price: 1p

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume: N/a

 

Price(s): N/a

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            Outside a trading venue

 

 

 

1.   Details of the person discharging managerial responsibilities/person closely associated

 

a)   Name

Marc Dench

2.   Reason for the notification

 

a)   Position/status

CFO

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Exercise of options

d)   Price(s) and volume(s)

 

Volume: 333,311

 

Price: 1p

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume: N/a

 

Price(s): N/a

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            Outside a trading venue

 

 

 

1.   Details of the person discharging managerial responsibilities/person closely associated

 

a)   Name

Tom Joule

2.   Reason for the notification

 

a)   Position/status

Chief Brand Officer

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Sale of shares following exercise of options

d)   Price(s) and volume(s)

 

Volume: 91,206

 

Price: 247.332p

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume: N/a

 

Price(s): N/a

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            London Stock Exchange

 

 

 

 

1.   Details of the person discharging managerial responsibilities/person closely associated

 

a)   Name

Colin Porter

2.   Reason for the notification

 

a)   Position/status

CEO

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Sale of shares following exercise of options

d)   Price(s) and volume(s)

 

Volume: 209,796

 

Price: 247.332p

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume: N/a

 

Price(s): N/a

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            London Stock Exchange

 

 

 

1.   Details of the person discharging managerial responsibilities/person closely associated

 

a)   Name

Marc Dench

2.   Reason for the notification

 

a)   Position/status

CFO

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Sale of shares following exercise of options

d)   Price(s) and volume(s)

 

Volume: 230,988

 

Price: 247.332p

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume granted: N/a

 

Price(s): N/a

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            London Stock Exchange

 

 

 

 

 

1.   Details of the person discharging managerial responsibilities/person closely associated

 

a)   Name

Tom Joule

2.   Reason for the notification

 

a)   Position/status

Chief Brand Officer

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Grant of options

d)   Price(s) and volume(s)

Volume(s) granted:

DBP: 39,192

LTIP: 142,375

 

Price(s):

DBP: Nil

LTIP: Nil

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume granted: 181,567

 

Price(s): Nil

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            Outside a trading venue

 

 

 

1.   Details of the person discharging managerial responsibilities/person closely associated

 

a)   Name

Colin Porter

2.   Reason for the notification

 

a)   Position/status

CEO

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Grant of options

d)   Price(s) and volume(s)

Volume(s) granted:

DBP: 40,362

 

Price(s):

DBP: Nil

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume granted: N/a

 

Price(s): N/a

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            Outside a trading venue

 

 

 

 

 

1.   Details of the person discharging managerial responsibilities/person closely associated

 

a)   Name

Marc Dench

2.   Reason for the notification

 

a)   Position/status

CFO

b)   Initial notification / Amendment

Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name

Joules Group plc

b)   LEI

213800BNGLSIPD111Y68

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

Ordinary shares of 1p each in the capital of Joules Group plc

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Grant of options

d)   Price(s) and volume(s)

Volume(s) granted:

DBP: 31,002

LTIP: 140,781

 

Price(s):

DBP: Nil

LTIP: Nil

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume granted: 171,783

 

Price(s): Nil

f)    Date of the transaction

2019-07-25

g)   Place of the transaction

            Outside a trading venue

 

 

Enquiries:

Joules Group plc                                                 Telephone: +44 (0) 1858 435 255

Colin Porter, CEO

Marc Dench, CFO

 

Peel Hunt LLP (NOMAD and joint broker)         Telephone: +44 (0) 20 7418 8900

Dan Webster

George Sellar

Guy Pengelley

 

Liberum Capital Limited (Joint broker)            Telephone: +44 (0) 20 3100 2000

John Fishley

Edward Thomas

 

Hudson Sandler (Financial PR)                         Telephone: +44 (0) 20 7796 4133

Alex Brennan

Lucy Wollam


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