TIDMJOUL

RNS Number : 3440A

Joules Group plc

28 September 2020

Joules Group plc

('Joules' or the 'Company')

Director/PDMR Share Dealing

Waiver of Options

Joules, the premium British lifestyle brand, today announces that Nick Jones, CEO of Joules, and Marc Dench, CFO of Joules, have waived the share options which they were awarded in April 2020 in lieu of the salary they sacrificed in order to mitigate the cash impact on the Company of Covid-19 (the "Options"). The Options have a 1p exercise price and were due to vest in two tranches, with 50% vesting on 30 September 2020 and 50% on 30 April 2021. A total of 107,859 Options have been waived, which at the close price on Friday 25 September 2020 of 93 pence, represent a value of approximately GBP100k.

FY21 LTIP Awards

Following consultation with shareholders, the proposals for the FY21 LTIP awards for directors are being reviewed by the Remuneration Committee of the Company and an announcement will be made in the coming weeks once these awards have been granted.

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 
                                                --------------------------------------------- 
 2. Reason for the notification 
                                                --------------------------------------------- 
 a) Position/status                              1.  Chief Executive Officer 
                                                  2.  Chief Financial 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                 Ordinary shares of 1p each 
  instrument, type of instrument                  in the capital of Joules 
                                                  Group plc ("Ordinary Shares") 
                                                --------------------------------------------- 
 b) Identification code                          ISIN GB00BZ059357 
                                                --------------------------------------------- 
 c) Nature of the transaction                    Waiving of options over 
                                                  Ordinary Shares 
                                                --------------------------------------------- 
 d) Price(s) and volume(s)                               Name     Exercise   Volume 
                                                                    price 
                                                          Nick 
                                                     1.    Jones   1p         65,625 
                                                         -------  ---------  ------- 
                                                          Marc 
                                                     2.    Dench   1p         42,234 
                                                         -------  ---------  ------- 
                                                --------------------------------------------- 
 e) Aggregated information:                      n/a (single transaction 
  i. Aggregated volume                            for each individual) 
  ii. price 
                                                --------------------------------------------- 
 f) Date of the transaction                      23 September 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

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END

DSHSEAFIAESSEEU

(END) Dow Jones Newswires

September 28, 2020 11:31 ET (15:31 GMT)

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