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27 Mar 2015 13:46
St. James’s Place plc (“SJP”)
SJP was notified on 27 March 2015 of the following changes in SJP shares held by the Executive Directors, Persons Discharging Managerial Responsibilities (“PDMRs”) and the Connected Person*, named below.
Deferred Bonus Scheme
As previously notified the trustees of SJP's Deferred Bonus Scheme transferred SJP shares to the executive Directors, PDMRs and Connected Person* named below on 26 March 2012 relating to bonuses earned in respect of the 2011 financial year and which were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 26 March 2015 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, PDMRs and Connected Person* sold the number of shares in column 2 of the table below on 26 March 2015 at a price of 943.55 pence per share. Column 3 sets out the additional number of SJP shares sold at 943.55 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR/Connected Person* as a result of this exercise.
| 1 | 2 | 3 | 4 | ||||||
| Name of Director | Number of SJP shares no longer subject to forfeiture | Number of SJP shares sold to meet tax liability and associated costs | Number of additional SJP shares sold | Number of SJP shares retained | |||||
| David Bellamy | 49,563 | 23,354 | 0 | 26,209 | |||||
| Andrew Croft | 35,813 | 16,899 | 9,445 | 9,469 | |||||
| Ian Gascoigne | 35,813 | 16,922 | 18,891 | 0 | |||||
| David Lamb | 35,813 | 16,922 | 18,891 | 0 |
| 1 | 2 | 3 | 4 | ||||||
| Name of PDMR/ Connected Person* | Number of SJP shares no longer subject to forfeiture | Number of SJP shares sold to meet tax liability | Number of additional SJP shares sold | Number of SJP shares retained | |||||
| Tony Dunk | 17,315 | 8,170 | 4,567 | 4,578 | |||||
| Mike Gravestock* | 34,226** | 16,173 | 18,053 | 0 | |||||
| Iain Rayner | 8,487 | 4,005 | 2,238 | 2,244 | |||||
| Ian MacKenzie | 7,881 | 3,719 | 2,078 | 2,084 |
*\* This relates to two DBS awards, being an award over 18,439 SJP shares to Mike Gravestock, and an award over 15,787 SJP shares to his Connected Person*.
On 27 March 2015, Mr Dunk transferred 4,578 SJP shares by way of gift to his Connected Person*.
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 | 1,255,736 | ||
| Andrew Croft | 801,758 | ||
| Ian Gascoigne | 651,434 | ||
| David Lamb | 372,304 |
| Name of PDMR | Number of SJP shares held | ||
| Tony Dunk | 394,932 | ||
| Mike Gravestock Iain Rayner Ian MacKenzie | 275,358 28,564 48,382 |
(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. The Connected Person to Mike Gravestock is Sonia Gravestock, and the Connected Person to Tony Dunk is Angela Dunk.
(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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