4 Mar 2016 16:26
4 March 2016
JUST EAT plc
("JUST EAT", the "Company" or the "Group")
Share Dealings by Directors
JUST EAT (LSE: JE.) has today been notified of the sale of ordinary shares in the Company ("Shares") on 4 March 2016 on the open market at a price of 393.0788 pence per Share by two Directors of the Company. The Shares sold were either held personally or held under the JUST EAT Joint Share Ownership Plan ('JSOP').
The beneficial interest in Shares held under the JSOP ("JSOP Shares") is jointly held between the relevant Director and an Employee Benefit Trust (EBT) 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 a threshold amount determined when the awards under the JSOP were made (the "Threshold"). The EBT is entitled to the balance of the sale proceeds.
Name and position of Director | Shares sold held by Directors personally | JSOP Shares sold in which Director had an interest |
David Buttress, Chief Executive Officer | 1,716,511 | 1,475,331 |
Mike Wroe, Chief Financial Officer | 757,945
| 931,078 |
Following these transactions, these Directors have the following interests in the share capital of the Company:
Names and positions of Directors | Number of Shares held | Percentage of total Issued share capital of Shares held | Number of remaining JSOP Shares held (vested and unvested) |
David Buttress, Chief Executive Officer | 500,000 | 0.07% | 1,456,177 |
Mike Wroe, Chief Financial Officer | 350,000 | 0.05% | 1,003,894 |
For further information please contact:
JUST EAT: |
|
Adam Kay, Head of Investor Relations | +44 (0) 20 3667 6900 |
|
|
Brunswick Group LLP: |
|
Sarah West, David Litterick, Chris Buscombe | +44 (0) 20 7404 5959 |
|
|