Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Director/PDMR Share Dealing

12th Oct 2020 07:00

RNS Number : 7096B

Joules Group plc

12 October 2020

Joules Group plc

('Joules', the 'Company' or the 'Group')

Director/PDMR Share Dealing

Grant of FY21 awards to Directors under the LTIP

Joules, the premium British lifestyle brand, today announces that it has granted options over ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") under the Joules LTIP to the Directors as set out below. These LTIP options are subject to a three-year vesting period and stretching performance conditions which include EPS, as well as an additional share price performance element once the EPS proportion has been met.

Number of options granted:

Director	Total number of options granted under LTIP award
Nick Jones	1,008,000
Marc Dench	540,600
Tom Joule	273,360

The number of options granted as part of this year's award exceeds the Group's normal LTIP limit (being 150% of salary), however this was considered appropriate to ensure a motivational incentive is in place which is aligned to maximising shareholder value over the coming years. The Remuneration Committee will engage with shareholders in advance of utilising the exceptional limit in any future years, as it has done this year.

Waiving of Options

Furthermore, as a consequence of the above awards being made, the Directors as set out below, have waived certain options over Ordinary Shares in consideration for these new awards.

Number of options waived:

	FY19 LTIP options waived	FY20 LTIP options waived	Total LTIP options waived
Nick Jones	n/a*	262,500	262,500
Marc Dench	77,599	140,781	218,380
Tom Joule	98,097	142,375	240,472

*Nick Jones was not a participant in the FY19 LTIP as he was not appointed until September 2019

The waiver of these options is in addition to the waiver by Nick Jones of 65,625 options over Ordinary Shares awarded in April 2020, and the waiver by Marc Dench of 42,234 options over Ordinary Shares awarded in April 2020, as announced on 28 September 2020.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1. Details of the person discharging managerial responsibilities/person closely associated

a) Name

1.	Nick Jones
2.	Marc Dench
3.	Tom Joule

2. Reason for the notification

a) Position/status

1.	Chief Executive Officer
2.	Chief Financial Officer
3.	Chief Brand Officer

b) Initial notification / Amendment

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

Joules Group plc

b) LEI

213800BNGLSIPD111Y68

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a) Description of the financial instrument, type of instrument

Ordinary shares of 1p each in the capital of Joules Group plc

b) Identification code

ISIN GB00BZ059357

c) Nature of the transaction

Grant of options

d) Price(s) and volume(s)

	Name	Exercise price	Volume
1.	Nick Jones	1p	1,008,000
2.	Marc Dench	1p	540,600
3.	Tom Joule	1p	273,360

e) Aggregated information:

i. Aggregated volume

ii. price

n/a (single transaction for each individual)

f) Date of the transaction

9 October 2020

g) Place of the transaction

Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated

a) Name

1.	Marc Dench
2.	Tom Joule

2. Reason for the notification

a) Position/status

1.	Chief Financial Officer
2.	Chief Brand Officer

b) Initial notification / Amendment

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

Joules Group plc

b) LEI

213800BNGLSIPD111Y68

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a) Description of the financial instrument, type of instrument

Ordinary shares of 1p each in the capital of Joules Group plc

b) Identification code

ISIN GB00BZ059357

c) Nature of the transaction

Waiving of options

d) Price(s) and volume(s)

	Name	Exercise price	Volume
1.	Marc Dench	1p	77,599
2.	Tom Joule	1p	98,097

e) Aggregated information:

i. Aggregated volume

ii. price

n/a (single transaction for each individual)

f) Date of the transaction

9 October 2020

g) Place of the transaction

Outside a trading venue

1. Details of the person discharging managerial responsibilities/person closely associated

a) Name

1.	Nick Jones
2.	Marc Dench
3.	Tom Joule

2. Reason for the notification

a) Position/status

1.	Chief Executive Officer
2.	Chief Financial Officer
3.	Chief Brand Officer

b) Initial notification / Amendment

Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

Joules Group plc

b) LEI

213800BNGLSIPD111Y68

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a) Description of the financial instrument, type of instrument

Ordinary shares of 1p each in the capital of Joules Group plc

b) Identification code

ISIN GB00BZ059357

c) Nature of the transaction

Waiving of options

d) Price(s) and volume(s)

	Name	Exercise price	Volume
1.	Nick Jones	1p	262,500
2.	Marc Dench	1p	140,781
3.	Tom Joule	1p	142,375

e) Aggregated information:

i. Aggregated volume

ii. price

n/a (single transaction for each individual)

f) Date of the transaction

9 October 2020

g) Place of the transaction

Outside a trading venue

Enquiries:

Joules Group plc Telephone: +44 (0) 1858 435 255

Nick Jones, CEO

Marc Dench, CFO

Peel Hunt LLP (NOMAD and Joint Broker) Telephone: +44 (0) 20 7418 8900

George Sellar

Andrew Clark

Liberum Capital Limited (Joint Broker) Telephone: +44 (0) 20 3100 2000

John Fishley

Edward Thomas

Hudson Sandler (Financial PR) Telephone: +44 (0) 20 7796 4133

Alex Brennan

Lucy Wollam

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFFFFAFESSEIS

Related Shares:

FTSE 100 Latest

Value8,809.74

Change53.53