STJ: St. James's Place: Director/PDMR Shareholding

  STJ: St. James's Place: Director/PDMR Shareholding

UK Regulatory Announcement

LONDON

St. James’s Place plc (“SJP”)

SJP was notified on 4 April 2013 of the following changes in SJP shares held
by the executive Directors and Persons Discharging Managerial Responsibility
(“PDMRs”) named below.

Deferred Bonus Scheme

As previously notified, the trustees of SJP's Deferred Bonus Scheme
transferred SJP shares to the executive Directors and PDMRs named below in
March 2010 relating to bonuses earned in respect of the 2009 financial year
and which were invested in SJP shares and held in trust subject to forfeiture
for a period of three years. On 2 April 2013 the shares became no longer
subject to forfeiture and income tax and National Insurance liabilities became
payable. In order to settle the tax liability, the Directors and PDMRs sold
the number of SJP shares in column 2 of the table below on 2 April 2013 at a
price of 511.4348 pence per share. Column 3 sets out the additional number of
SJP shares sold at 511.4348 pence per share. Column 4 sets out the number of
SJP shares retained by each Director/PDMR as a result of this exercise.

             1                     2            3             4
               Number of SJP shares   Number of     Number of      Number of
Name of        no longer subject to   shares sold   additional     SJP shares
Director       forfeiture             to meet tax   shares sold    retained
                                      liability
David          89,990                 46,795        43,195         -
Bellamy
Andrew Croft   67,757                 35,234        16,306         16,217
Ian            67,757                 35,234        32,523         -
Gascoigne
David Lamb     59,287                 30,907        -              28,380

              1                    2            3             4
                Number of SJP         Number of     Number of      Number of
Name of PDMR    shares no longer      shares sold   additional     SJP shares
                subject to            to meet tax   shares sold    retained
                forfeiture            liability
Adrian          32,723                17,059        -              15,664
Batchelor
Michael Blunt   26,179                13,614        12,565         -
Tony Dunk       32,098                16,733        -              15,365
Peter Edwards   37,897                19,707        18,190         -
Hugh Gladman    32,723                17,016        15,707         -
Mike            31,328                16,291        15,037         -
Gravestock
Sonia           28,296                14,714        13,582         -
Gravestock
Andrew          10,455                5,437         5,018          -
Humphries
Ian MacKenzie   10,798                5,615         5,183          -
Iain Rayner     12,271                6,381         5,890          -
Bill Tonks      35,370                18,393        16,977         -

SJP Performance Share Plan 2005 (“PSP”) linked Company Share Option Plan 2010
(“CSOP”)

The award of shares allocated to executive Directors and PDMRs in March 2010
was designated a CSOP-linked award, whereby individuals were granted a
nil-cost unapproved option pursuant to the PSP and a linked HMRC-approved CSOP
share option. The Directors/PDMRs listed below exercised the linked CSOP
awards on 2 April 2013 with an exercise price of 255 pence per share and their
PSP award has automatically lapsed in respect of the number of shares equal in
value to the gain realised upon exercise of the linked CSOP awards.

Column 1 sets out the number of shares acquired as a result of the exercise of
the linked CSOP award on 2 April 2013, and column 2 sets out the number of SJP
shares sold on 2April 2013 at 511.4348 pence per share by the executive
Directors and PDMRs and their Connected Persons, where relevant, following
transfer from the Director/PDMR. Column 3 sets out the number of shares that
have lapsed under the PSP award as as a result of this exercise and Column 4
sets out the number of PSP award shares retained under the linked PSP award.

            1                2           3                4
                                             Number of SJP     Number of
              Number of SJP     Number of    shares that       shares
Name of       shares acquired   SJP shares   have lapsed       retained under
Director      on exercise of    sold         under the         the linked PSP
              CSOP option                    linked PSP        award
                                             award
David Lamb    10,199            6,099        5,114             185,285
Connected     -                 4,100        -                 -
Person

               1                2          3              4
                                               Number of SJP   Number of
                 Number of SJP     Number of   shares that     shares
Name of PDMR     shares acquired   SJP         have lapsed     retained under
                 on exercise of    shares      under the       the linked PSP
                 CSOP option       sold        linked PSP      award
                                               award
Adrian           8,000             4,000       4,012           39,337
Batchelor
Connected        -                 4,000       -               -
Person
Mike             4,156             4,156       2,084           39,990
Gravestock
Ian MacKenzie    10,199            4,144       5,114           9,547
Connected        -                 4,144*      -               -
Person
Iain Rayner      3,599             -           1,304           15,270
Connected        -                 3,599       -               -
Person

* 1,911 shares were retained following this exercise.

PDMR - Exercise of share options held under the SJP Executive Share Option
Scheme 2000 ("ESOS") and sale of shares

On 4 April 2013, PDMR Tony Dunk notified SJP that on 2 April 2013 he exercised
an option under the ESOS with an exercise price of 178.5 pence per share and
acquired 6,374 SJP shares on exercise. Of these 6,374 shares, Mr Dunk sold
3,187 shares on 2 April 2013 at a price of 511.4348 pence per share. The
remaining 3,187 shares were subsequently transferred to a Connected Person and
were also sold on 2 April 2013 at a price of 511.4348 pence per share.

Connected Person – Exercise of share options and sale of shares

On 4 April 2013 executive Director Andrew Croft notified SJP that on 2 April
2013, a Connected Person exercised an option to acquire 20,000 ordinary 15p
shares in SJP under the SJP Partner Share Option Scheme 2000 with an exercise
price of 236 pence per ordinary share and exercised a further option to
acquire 20,000 ordinary 15p shares in SJP under the SJP Partner Share Option
Scheme 2000 with an exercise price of 328 pence per ordinary share, and as a
result, acquired on exercise 40,000 ordinary SJP shares.

The Connected Person subsequently sold 3,850 ordinary SJP shares on 2 April
2013 at a price of 511.4348 pence per ordinary share.

Current holdings

The table below sets out the current holdings of the said Directors and PDMRs
in SJP ordinary 15p shares after the above transactions:

Name of Director  Number of SJP shares held
David Bellamy      1,281,209
Andrew Croft       748,677
Ian Gascoigne      638,527
David Lamb         415,003

Name of PDMR      Number of SJP shares held
Adrian Batchelor   274,507
Michael Blunt      135,056
Tony Dunk          395,776
Peter Edwards      92,985
Hugh Gladman       222,534
Mike Gravestock    384,937
Sonia Gravestock   384,937
Andrew Humphries   20,860
Ian MacKenzie      51,538
Iain Rayner        23,467
Bill Tonks         161,903

(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 set out above include deferred
bonus scheme awards held in trust for the Directors and PDMRs which have not
yet vested and are subject to forfeiture.

With the exception of the changes notified in this announcement, the
Directors’/PDMRs’ holdings of SJP shares are unchanged.

This notification is made in accordance with Disclosure and Transparency Rule
3.1.4R(1)(a).

End

Contact:

St. James's Place
 
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