11 Aug 2020 07:00
|
Joules Group plc
("Joules" or the "Company")
Director/PDMR Share Dealing
The Company announces that on 10 August 2020, Marc Dench, Chief Financial Officer, exercised his 2017 Deferred Bonus Award and subsequently sold sufficient ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") to cover the tax and option price, retaining the remainder of the shares.
Following the announcement of the Company's results for its financial year ended May 2017, the Executive Directors received their annual bonus. In line with the Company's Remuneration Policy, 50% of this bonus was deferred into share options with a three-year vesting period. Accordingly, on 17 August 2017, the Company granted awards to Directors (including Marc Dench) under the Joules 2016 Deferred Bonus Plan. These awards have now vested.
Director | Ordinary Shares held previously | Options exercised | Ordinary Shares sold to cover tax and exercise price | Ordinary Shares held post option exercise | Holding % ISC |
Marc Dench | 281,398 | 54,142 | 26,334 | 309,206 | 0.29% |
Note: Marc Dench also holds 106,065 options over Ordinary Shares, held under the Joules 2016 Deferred Bonus Plan, and 260,614 options over Ordinary Shares, held under the Joules 2016 Long Term Incentive Plan.
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 | Marc Dench | |||
2. Reason for the notification |
| |||
a) Position/status | CFO | |||
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 | Exercise of options | |||
d) Price(s) and volume(s) |
Volume: 54,142
Price: 1p
| |||
e) Aggregated information: i. Aggregated volume ii. price | Aggregate volume: n/a
Price(s): n/a | |||
f) Date of the transaction | 2020-08-10 | |||
g) Place of the transaction |
| |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||
| |||
a) Name | Marc Dench | ||
2. Reason for the notification |
| ||
a) Position/status | CFO | ||
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 | ||
b) Identification code | ISIN GB00BZ059357 | ||
c) Nature of the transaction | Sale of shares following exercise of options | ||
d) Price(s) and volume(s) |
Volume: 26,334
Price: 92.95p
| ||
e) Aggregated information: i. Aggregated volume ii. price | Aggregate volume: N/a
Price(s): N/a | ||
f) Date of the transaction | 2020-08-10 | ||
g) Place of the transaction |
| ||
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