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27 Mar 2012 15:41
St. James's Place plc ("SJP")
SJP was notified on 26 March 2012 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") named below.
Sharesave Share Option Scheme
SJP was notified on 26 March 2012 that on 23 March 2012, the executive Directors and PDMRs named below were granted options under the SJP Sharesave Share Option Scheme 2000 to acquire ordinary shares of 15p each in SJP at an exercise price of £2.96 per share as set out below. The options are exercisable between 1 May 2015 and 31 October 2015:
| Name of Director | Number of Share Options Granted | |||
| David Bellamy | 3,040 | |||
| Andrew Croft | 3,040 | |||
| Name of PDMR | ||||
| Adrian Batchelor | 3,040 | |||
| Mike Blunt | 3,040 | |||
| Tony Dunk | 3,040 | |||
| Hugh Gladman | 3,040 | |||
| Mike Gravestock | 3,040 | |||
| Sonia Gravestock | 3,040 | |||
| Ian MacKenzie | 3,040 | |||
Award of Nil Cost Options under the SJP Performance Share Plan ("PSP")
On 26 March 2012, the following executive Directors and PDMRs were granted nil cost options under the terms of the PSP over the number of SJP shares set out below:
| Name of Director | Maximum number of SJP ordinary 15p shares subject to award | |||
| David Bellamy | 242,220 | |||
| Andrew Croft | 161,206 | |||
| Ian Gascoigne | 161,206 | |||
| David Lamb | 161,206 | |||
| Name of PDMR | Maximum number of SJP ordinary 15p shares subject to award | |||
| Adrian Batchelor | 39,040 | |||
| Mike Blunt | 36,847 | |||
| Tony Dunk | 37,285 | |||
| Peter Edwards | 36,847 | |||
| Hugh Gladman | 39,040 | |||
| Mike Gravestock | 37,943 | |||
| Sonia Gravestock | 33,995 | |||
| Ian MacKenzie | 31,802 | |||
| Chris Ralph | 35,640 | |||
| Bill Tonks | 40,137 | |||
The awards vest in three years and are exercisable from 26 March 2015 to 26 March 2018, subject to the achievement of prescribed performance targets over a three-year performance period that commenced on 1 January 2012 and will end on 31 December 2014. Two thirds of an award will be dependent on growth in adjusted earnings per share and one third on total shareholder return. Further details of the performance conditions are set out in the SJP Report & Accounts.
Award of SJP Shares under the SJP Deferred Bonus Scheme ("DBS")
On 26 March 2012, SJP awarded the following ordinary 15p shares under the DBS to the executive Directors and PDMRs named below.
Under the scheme rules, the SJP shares are held by an employee benefit trust (SG Hambros Trust Company (Channel Islands) Limited) on behalf of the executive Directors and PDMRs for a three-year restricted period which will end on 26 March 2015. Until that date, the shares are subject to forfeiture, for example if the executive Director or PDMR leaves SJP.
| Name of Director | Number of SJP ordinary 15p shares awarded | ||||
| David Bellamy | 49,563 | ||||
| Andrew Croft | 35,813 | ||||
| Ian Gascoigne | 35,813 | ||||
| David Lamb | 35,813 | ||||
| Name of PDMR | Number of SJP ordinary 15p shares awarded | ||||
| Adrian Batchelor | 13,913 | ||||
| Mike Blunt | 14,724 | ||||
| Tony Dunk | 17,315 | ||||
| Peter Edwards | 16,697 | ||||
| Hugh Gladman | 13,913 | ||||
| Mike Gravestock | 18,439 | ||||
| Sonia Gravestock | 15,787 | ||||
| Ian MacKenzie | 7,881 | ||||
| Chris Ralph | 8,448 | ||||
| Bill Tonks | 19,505 | ||||
Award of SJP Shares under the SJP 2010 Share Incentive Plan ("SIP")
On 26 March 2012, SJP awarded the following SJP ordinary 15p shares under the SIP to the PDMRs set out in the table below, at a price of £3.65 per share, in return for £1,500 being deducted from their pre-tax salary. The shares will be held by an employee benefit trust (SJP AESOP Trustees Limited) (the "Trustee") on behalf of the PDMRs named below for a minimum period of three years from the date of award.
| Name of PDMR | Number of SJP ordinary 15p shares awarded under the SIP* | ||||
| Adrian Batchelor | 452 | ||||
| Mike Blunt | 452 | ||||
| Tony Dunk | 452 | ||||
| Peter Edwards | 452 | ||||
| Hugh Gladman | 452 | ||||
| Mike Gravestock | 452 | ||||
| Sonia Gravestock | 452 | ||||
| Ian MacKenzie | 452 | ||||
* Includes Partnership and Matching Shares
PDMR Share Dealing
Hugh Gladman notified SJP on 26 March 2012 that on 23 March 2012 he sold 5,700 SJP shares at £3.62 per share.
Current Holdings
The table below sets out the current holdings of the said executive Directors and PDMRs in SJP ordinary shares after the above transactions:
| Name of Director | Number of SJP shares held | ||||
| David Bellamy | 1,340,508 | ||||
| Andrew Croft | 709,198 | ||||
| Ian Gascoigne | 682,415 | ||||
| David Lamb | 422,041 | ||||
| Name of PDMR | Number of SJP shares held | ||||
| Adrian Batchelor | 283,009 | ||||
| Mike Blunt | 163,159 | ||||
| Tony Dunk | 375,812 | ||||
| Peter Edwards | 121,544 | ||||
| Hugh Gladman | 247,173 | ||||
| Mike Gravestock | 415,761 | ||||
| Sonia Gravestock | 415,761 | ||||
| Ian MacKenzie | 52,757 | ||||
| Chris Ralph | 18,695 | ||||
| Bill Tonks | 203,095 | ||||
(i) The interests of the Directors and PDMRs include those of their Connected Persons as defined in section 96B(2) of the Financial Services and Markets Act.
(ii) The interests of the Directors and PDMRs include deferred bonus scheme awards held in trust for the Directors and PDMRs which have not yet vested and are subject to forfeiture.
This notification is made in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).
With the exception of the changes notified in this announcement, the executive Directors' and PDMRs' shareholdings in SJP are unchanged.
Deputy Company Secretary
Tel: +44 (0)1285 878762
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Copyright Business Wire 2012
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