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18 Mar 2014 16:13
St. James’s Place plc (“SJP”)
SJP was notified on 18 March 2014 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibility (“PDMRs”) named below.
Deferred Bonus Scheme
As previously notified the trustees of SJP's Deferred Bonus Scheme transferred SJP shares to the executive Directors and PDMRs named below on 15 March 2011 relating to bonuses earned in respect of the 2010 financial year and which were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 17 March 2014 the shares became no longer subject to forfeiture and income tax and National Insurance liabilities became payable. In order to settle the tax liability, the Directors and PDMRs sold the number of shares in column 2 of the table below on 17 March 2014 at a price of 830.1403 pence per share. Column 3 sets out the additional number of SJP shares sold at 830.1403 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.
| 1 | 2 | 3 | 4 | ||||||
| Name of Director | Number of SJP shares no longer subject to forfeiture | Number of shares sold to meet tax liability | Number of additional shares sold | Number of SJP shares retained | |||||
| David Bellamy | 77,558 | 36,544 | - | 41,014 | |||||
| Andrew Croft | 58,397 | 27,446 | 15,510 | 15,441 | |||||
| Ian Gascoigne | 58,397 | 27,446 | 30,951 | - | |||||
| David Lamb | 58,397 | 27,446 | 30,951 | - |
| 1 | 2 | 3 | 4 | ||||||
| Name of PDMR | Number of SJP shares no longer subject to forfeiture | Number of shares sold to meet tax liability | Number of additional shares sold | Number of SJP shares retained | |||||
| Tony Dunk | 28,286 | 13,294 | 7,513 | 7,479 | |||||
| Bill Tonks | 31,936 | 15,010 | 16,926 | - |
The table below sets out the current holdings of the said Directors/PDMRs in SJP ordinary 15p shares after the above transactions:
| Name of Director | Number of SJP Shares Held | |
| David Bellamy | 1,257,914 | |
| Andrew Croft | 760,782 | |
| Ian Gascoigne | 634,866 | |
| David Lamb | 356,606 |
| Name of PDMR | ||
| Tony Dunk | 384,302 | |
| Bill Tonks | 134,415 |
(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 set out above include deferred bonus scheme awards held in trust for the Directors not yet vested and awards under the Share Incentive Plan.
With the exception of the changes notified in this announcement, the Directors/PDMRs holdings of SJP shares are unchanged.
This notification is made in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).
End
Copyright Business Wire 2014
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