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22 Mar 2013 15:30
St. James’s Place plc (“SJP”)
SJP was notified on 22 March 2013 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibilities (“PDMRs”) named below.
Award of SJP Shares under the SJP Deferred Bonus Scheme (“DBS”)
On 21 March 2013, 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 for a three-year restricted period which will end on 21 March 2016. 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 | 24,591 | ||
| Andrew Croft | 17,769 | ||
| Ian Gascoigne | 17,769 | ||
| David Lamb | 17,769 |
| Name of PDMR | Number of SJP ordinary 15p shares awarded | ||
| Adrian Batchelor | 8,557 | ||
| Mike Blunt | 8,076 | ||
| Tony Dunk | 8,173 | ||
| Peter Edwards | 8,076 | ||
| Hugh Gladman | 5,134 | ||
| Mike Gravestock | 9,149 | ||
| Sonia Gravestock | 7,451 | ||
| Andrew Humphries | 3,245 | ||
| Ian MacKenzie | 7,668 | ||
| Chris Ralph | 7,812 | ||
| Iain Rayner | 3,634 | ||
| Bill Tonks | 8,798 |
Award of Nil Cost Options under the SJP Performance Share Plan (“PSP”)
On 21 March 2013, 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 | 176,528 | ||
| Andrew Croft | 117,485 | ||
| Ian Gascoigne | 117,485 | ||
| David Lamb | 117,485 |
| Name of PDMR | Maximum number of SJP ordinary 15p shares subject to award | ||
| Adrian Batchelor | 27,623 | ||
| Mike Blunt | 26,853 | ||
| Tony Dunk | 27,173 | ||
| Peter Edwards | 26,853 | ||
| Hugh Gladman | 13,811 | ||
| Mike Gravestock | 27,653 | ||
| Sonia Gravestock | 24,775 | ||
| Andrew Humphries | 21,726 | ||
| Ian MacKenzie | 23,177 | ||
| Chris Ralph | 25,974 | ||
| Iain Rayner | 23,278 | ||
| Bill Tonks | 29,251 |
The awards vest in three years and are exercisable from 21 March 2016 to 21 March 2019, subject to the achievement of prescribed performance targets over a three-year performance period that commenced on 1 January 2013 and will end on 31 December 2015. 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.
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 | 1,371,199 | ||
| Andrew Croft | 764,067 | ||
| Ian Gascoigne | 706,284 | ||
| David Lamb | 424,288 |
| Name of PDMR | Number of SJP shares held | ||
| Adrian Batchelor | 291,566 | ||
| Mike Blunt | 161,235 | ||
| Tony Dunk | 412,509 | ||
| Peter Edwards | 130,882 | ||
| Hugh Gladman | 258,407 | ||
| Mike Gravestock | 444,561 | ||
| Sonia Gravestock | 444,561 | ||
| Andrew Humphries | 31,315 | ||
| Ian MacKenzie | 60,425 | ||
| Chris Ralph | 28,409 | ||
| Iain Rayner | 35,738 | ||
| Bill Tonks | 197,273 |
(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
End
Copyright Business Wire 2013
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