23 Jun 2016 07:30
23 June 2016
JUST EAT plc
("JUST EAT", the "Company" or the "Group")
Share Dealings by Director
JUST EAT (LSE: JE), the world's leading digital marketplace for takeaway food delivery, was yesterday notified of the sale of 265,000 ordinary shares in the Company ("Shares") on 21 June 2016 on the open market at a price of 442.32 pence per Share by John Hughes, Chairman of the Company. The Shares sold were held under the JUST EAT Joint Share Ownership Plan ("JSOP").
In addition, 10,000 shares held under the JSOP ("JSOP Shares") were on 22 June 2016 in Jersey transferred from joint ownership with the Employee Benefit Trust ("EBT") to the sole ownership of John Hughes for a consideration of £0.1204 per share (being the threshold amount determined when the awards under the JSOP were made (the "Threshold")), increasing his shareholding in the Company.
The beneficial interest in JSOP Shares is jointly held between the relevant Director and the EBT, which was established by the Company prior to its IPO as part of its remuneration arrangements. On sale of a JSOP Share, the participant is entitled to the sale proceeds in excess of the Threshold. The EBT is entitled to the balance of the sale proceeds.
Following these transactions, John Hughes has the following interests in the share capital of the Company:
Name and position of Director | Number of Shares held | Percentage of total Issued Share Capital of Shares held | Number of remaining JSOP Shares held (vested and unvested) |
John Hughes, Chairman | 175,000 | 0.03% | 1,925,800 |
For further information please contact:
JUST EAT: |
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Adam Kay, Head of Investor Relations | +44 (0) 20 3667 6900 |
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Brunswick Group LLP: |
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Sarah West, David Litterick, Chris Buscombe | +44 (0) 20 7404 5959 |
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Just Eat (JE.)