Last checked at 26 Jan 2021 17:40
For immediate release
26th January 2021
J D Wetherspoon plc
PDMR and Director Dealings
JD Wetherspoon plc, announces that it was notified today that its Chairman, Mr Tim Martin, sold 4,370,000 of the Company's ordinary shares at a price of £11.50 pence per share on 26th January 2021. The sale was in response to significant buying interest following the company placing last week.
Tim Martin has agreed to a lock up arrangement on his remaining shareholding that runs until the release of the announcement of the company's results for the 52 weeks to 25 July 2021 that is expected to take place in September 2021.
As a result of the transaction, Tim Martin's holding in the company now comprises 28,174,709 shares which is 21.88 % of the issued share capital of the Company.
The information below, set out in accordance with the requirements of the 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 | Tim Martin |
2 | Reason for notification | |
a) | Position / status | Chairman |
b) | Initial notification / amendment | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | JD Wetherspoon plc |
b) | LEI | 213800CHWARFAAN7UB85 |
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 2 pence each |
| Identification code | GB0001638955 |
b) | Nature of the transaction | Sale of Shares |
c) | Price(s) and volume(s) | Price Volume £11.50 4,370,000 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 2021-26-01 |
f) | Place of the transaction | London Stock Exchange, (XLON) |
Other than with the consent of Investec, none of Tim Martin, nor any person controlled by or controlling or under common control with, Tim Martin, nor any person acting on his or their behalf, will, without the prior written consent of Investec, directly or indirectly, offer, sell, contract to sell, pledge, grant any option over or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by Tim Martin or any person controlled by or controlling or under common control with, Tim Martin, or any person in privity with Tim Martin or any person controlled by or controlling or under common control with, Tim Martin), directly or indirectly, any equity securities of the Company or any securities convertible into, or exercisable, or exchangeable for, equity securities of the Company, or publicly announce an intention to effect any such transaction, for a period from the date of this announcement and ending on the release of the announcement of the company's results for the 52 weeks to 25 July 2021 that is expected to take place in September 2021.
Enquiries
Nigel Connor
Company Secretary
01923 477892