St James's Place Regulatory News (STJ)

8 Mar 2011 15:18

St. James's Place plc ("SJP")

SJP was notified on 7 March 2011 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibility ("PDMRs") named below.

Exercise of Awards under the SJP Performance Share Plan 2005 ("PSP")The Directors/PDMRs listed below exercised nil cost options under the PSP on 3 March 2011 and acquired the number of SJP ordinary shares set out in column 1 of the table below. The exercise of the nil cost options follows the satisfaction of prescribed performance targets over a three-year period. Column 2 sets out the number of SJP shares sold at 304.631 pence per share to meet the cost of income tax, national insurance and dealing costs payable on the exercise of the awards. Column 3 sets out the additional number of SJP shares sold at 304.631 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.

Deferred Bonus SchemeAs previously notified the trustees of SJP's Deferred Bonus Scheme transferred SJP shares to the executive Directors and PDMRs named below on 5 March 2008 relating to bonuses earned in respect of the 2007 financial year and which were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 5 March 2011 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 7 March 2011 at a price of 319.044 pence per share. Column 3 sets out the additional number of SJP shares sold at 319.044 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.

The table below sets out the current holdings of the said Directors/PDMRs in SJP ordinary 15p shares after the above transactions:

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).

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