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

1.

Nick Jones

2.

Marc Dench

 

2.   Reason for the notification

 

a)   Position/status

1.

Chief Executive Officer

2.

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

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

Waiving of options over Ordinary Shares

d)   Price(s) and volume(s)

  

Name

Exercise price

Volume

1.

Nick Jones

1p

65,625

2.

Marc Dench

1p

42,234

 

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

 

 

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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