Source - LSE Regulatory
RNS Number : 3440A
Joules Group plc
28 September 2020

Joules Group plc

('Joules' or the 'Company')

Director/PDMR Share Dealing

Waiver of Options

Joules, the premium British lifestyle brand, today announces that Nick Jones, CEO of Joules, and Marc Dench, CFO of Joules, have waived the share options which they were awarded in April 2020 in lieu of the salary they sacrificed in order to mitigate the cash impact on the Company of Covid-19 (the "Options"). The Options have a 1p exercise price and were due to vest in two tranches, with 50% vesting on 30 September 2020 and 50% on 30 April 2021. A total of 107,859 Options have been waived, which at the close price on Friday 25 September 2020 of 93 pence, represent a value of approximately £100k.

FY21 LTIP Awards

Following consultation with shareholders, the proposals for the FY21 LTIP awards for directors are being reviewed by the Remuneration Committee of the Company and an announcement will be made in the coming weeks once these awards have been granted.

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


Nick Jones


Marc Dench


2.   Reason for the notification


a)   Position/status


Chief Executive Officer


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

Joules Group plc

b)   LEI


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

Waiving of options over Ordinary Shares

d)   Price(s) and volume(s)



Exercise price



Nick Jones




Marc Dench




e)   Aggregated information:

i. Aggregated volume

ii. price

n/a (single transaction for each individual)

f)    Date of the transaction

23 September 2020

g)   Place of the transaction


Outside a trading venue





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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.