Source - LSE Regulatory
RNS Number : 7113V
Joules Group plc
11 August 2020
 

 

Joules Group plc

 

("Joules" or the "Company")

 

Director/PDMR Share Dealing

 

The Company announces that on 10 August 2020, Marc Dench, Chief Financial Officer, exercised his 2017 Deferred Bonus Award and subsequently sold sufficient ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") to cover the tax and option price, retaining the remainder of the shares.

 

Following the announcement of the Company's results for its financial year ended May 2017, the Executive Directors received their annual bonus. In line with the Company's Remuneration Policy, 50% of this bonus was deferred into share options with a three-year vesting period. Accordingly, on 17 August 2017, the Company granted awards to Directors (including Marc Dench) under the Joules 2016 Deferred Bonus Plan. These awards have now vested.

 

 

Director

Ordinary Shares held previously

Options exercised

Ordinary Shares sold to cover tax and exercise price

Ordinary Shares held post option exercise

Holding % ISC

Marc Dench

281,398

54,142

26,334

309,206

0.29%

 

Note: Marc Dench also holds 106,065 options over Ordinary Shares, held under the Joules 2016 Deferred Bonus Plan, and 260,614 options over Ordinary Shares, held under the Joules 2016 Long Term Incentive Plan.

 

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

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 ("Ordinary Shares")

b)   Identification code

ISIN GB00BZ059357

c)   Nature of the transaction

Exercise of options

d) Price(s) and volume(s)

 

Volume: 54,142

 

Price: 1p

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume: n/a

 

Price(s): n/a

f)    Date of the transaction

2020-08-10

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

Sale of shares following exercise of options

d)   Price(s) and volume(s)

 

Volume: 26,334

 

Price: 92.95p

 

e)   Aggregated information:

i. Aggregated volume

ii. price

Aggregate volume: N/a

 

Price(s): N/a

f)    Date of the transaction

2020-08-10

g)   Place of the transaction

 

London Stock Exchange

 

 

Enquiries:

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

Nick Jones, CEO

Marc Dench, CFO

 

Peel Hunt LLP (NOMAD and Joint Broker)        Telephone: +44 (0) 20 7418 8900

George Sellar

Andrew Clark

 

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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