19 Dec 2016 07:30
19 December 2016
Share Dealings by Director
Just Eat (LSE: JE), a leading global marketplace for online food delivery, was notified on 16 December 2016, that on the same day, John Hughes, Chairman of the Company sold 235,000 ordinary shares in the Company ("Shares") on the open market at a price of 571.89 pence per Share. The Shares sold were held under the JUST EAT Joint Share Ownership Plan ("JSOP").
In addition, 15,000 shares held under the JSOP ("JSOP Shares") were on 16 December 2016 in Jersey transferred from joint ownership with the Employee Benefit Trust ("EBT") to the sole ownership of John Hughes for a consideration of £0.1204 per Share (being the threshold amount determined when the awards under the JSOP were made (the "Threshold")), increasing his direct shareholding in the Company.
The beneficial interest in JSOP Shares is jointly held between the relevant Director and the EBT, which was established by the Company prior to its IPO as part of its remuneration arrangements. On sale of a JSOP Share, the participant is entitled to the sale proceeds in excess of the Threshold. The EBT is entitled to the balance of the sale proceeds.
Following these transactions, John Hughes has the following interests in the share capital of the Company:
Name and position of Director | Number of Shares held | Percentage of total Issued Share Capital of Shares held | Number of remaining JSOP Shares held (vested and unvested) |
John Hughes, Chairman | 190,000 | 0.03% | 1,675,800 |
For further information please contact:
Just Eat: |
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Adam Kay, Head of Investor Relations | +44 (0) 20 3667 6900 |
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Brunswick Group LLP: |
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Sarah West, David Litterick, Chris Buscombe | +44 (0) 20 7404 5959 |
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About Just Eat:
Just Eat plc operates the world's leading digital marketplace for online food delivery. Headquartered in London, we use proprietary technology to offer a quick and efficient digital ordering service for over 16.6 million users and over 63,900 takeaway restaurants. Just Eat is a member of the FTSE 250 Index.