Director/PDMR Shareholding
Watkin Jones plc announced on 27 February 2026 that its Chief Executive Officer, Alex Pease, and Chief Financial Officer, Simon Jones, were granted nominal-cost share awards under the company's Long Term Incentive Plan 2018. Mr. Pease received 2,310,305 ordinary shares, and Mr. Jones received 1,902,604 ordinary shares, both with a nominal exercise price of one penny. These awards become exercisable from 10 February 2029, contingent on continued employment and the achievement of performance conditions related to total shareholder return, cumulative adjusted earnings per share for FY26-FY28, and pipeline metrics. A two-year post-vesting holding period applies to vested shares.
Select text to share a quote on X · sign in to keep highlights & notes in your WJG notes
Watkin Jones plc (AIM:WJG) announces that on 26 February 2026, the following nominal-cost share awards ("Awards") over ordinary shares of 1 penny each in the Company were granted under the Watkin Jones Long Term Incentive Plan 2018 to the following persons discharging managerial responsibilities:
| PDMR | Position | Number of shares granted under the Awards |
|---|---|---|
| Alex Pease | Chief Executive Officer | 2,310,305 |
| Simon Jones | Chief Financial Officer | 1,902,604 |
The Awards have a nominal exercise price of one penny per share and become exercisable from the 10th February 2029, subject to continued employment and to the extent to which performance conditions are met.
The performance conditions metrics and associated sliding scale targets relate to (i) the Company's total shareholder return performance over the three year period following the grant of the awards relative to that a comparator group comprising the current constituents of the FTSE Allshare Real Estate Sector excluding agencies and FTSE 100 companies (40% weighting); (ii) cumulative adjusted EPS performance for FY26, FY27 and FY28 (40% weighting); and (iii) a measure of Pipeline as at the end of FY28 (20% weighting).
The Remuneration Committee retains discretion to reduce the vesting of Awards to ensure that all relevant factors are taken into account, including the consideration of any windfall gains.
Further details of the performance conditions will be disclosed in the next year's Directors' Remuneration Report.
The Awards noted above are subject to a two-year post holding period in respect of vested shares on a net of tax basis.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Alex Pease 2. Simon Jones |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Watkin Jones plc |
| b) | LEI | 2138009X19O21NU5SG79 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each ISIN: GB00BD6RF223 |
| b) | Nature of the transaction | Grant of Awards under the Watkin Jones Deferred Long Term Incentive Plan 2018 |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 2. Nil 1. 2,310,305 2. 1,902,604 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable single transactions Nil |
| e) | Date of the transaction | 26 February 2026 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.