St James's Place Regulatory News (STJ)

14 Mar 2012 15:46

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

SJP was notified on 13 March 2012 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 13 March 2012 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 on 13 March 2012 at 347.1006 pence per share to meet the cost of income tax and national insurance costs payable on the exercise of the awards. Column 3 sets out the additional number of SJP shares sold at 347.1006 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.

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 4 March 2009 relating to bonuses earned in respect of the 2008 financial year and which were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 13 March 2012 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 13 March 2012 at a price of 347.1006 pence per share. Column 3 sets out the additional number of SJP shares sold at 347.1006 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.

PDMR - Exercise of share options held under the SJP Executive Share Option Scheme 2000 ("ESOS")

On 13 March 2012, PDMR Tony Dunk notified SJP that on 13 March 2012 he exercised 10,000 options under the ESOS with an exercise price of 145 pence per share.

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

(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).

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