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St. James's Place PLC Remuneration Information 2024
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 6844P
St. James's Place PLC
11 December 2024
PDMR SHAREHOLDING
11 December 2024
Grant of Buyout Awards - Caroline Waddington
Caroline Waddington was appointed to the Company's Board of Directors as Chief Financial Officer on 16 September 2024.
On 10 December 2024, Caroline was granted the following nil-cost options over, in aggregate, 103,140 Ordinary Shares of 15 pence each (a "Share") under an arrangement to which Listing Rule 9.3.2 (2) applies in respect of the buy-out of share awards that Caroline forfeited on leaving her previous employment. The number of Shares awarded has been calculated using a market price of £7.128 per Share, being the average of the quoted closing prices of a Share for the five (5) dealing days immediately prior to 16 September 2024.
The nil-cost options will vest in tranches on the vesting dates shown in the table below, subject to the achievement of performance conditions where the nil-cost option has been granted to replace an award from Caroline's previous employer which was subject to performance conditions and to her continued employment. Following vesting, Caroline will have a period of three years within which she may exercise the relevant nil-cost option.
Dividend equivalents apply to certain of the nil-cost options, and which may result in the delivery of additional Shares (or cash) to Caroline when the relevant nil-cost option is exercised.
Post-vesting holding periods will apply to any nil-cost options which have been granted to replace awards from Caroline's previous employer which were subject to post-vesting holding periods. The post-vesting periods will end on the same date as they would have ended for the original award granted by Caroline's previous employer.
Appropriate malus and clawback provisions will apply to the nil-cost options.
| PDMR | No. of shares under option (conditional awards) | No. of shares under option (performance awards) | Vesting Date |
| Caroline Waddington | 1,640 | 3,358 | 25 March 2025 |
| 4,369 | 5,478 | 25 March 2026 | |
| 3,816 | 0 | 11 August 2026 | |
| 3,991 | 14,853 | 25 March 2027 | |
| 3,816 | 0 | 11 August 2027 | |
| 3,548 | 14,965 | 25 March 2028 | |
| 3,816 | 0 | 11 August 2028 | |
| 3,183 | 14,355 | 25 March 2029 | |
| 3,820 | 0 | 11 August 2029 | |
| 2,918 | 11,394 | 25 March 2030 | |
| 3,820 | 0 | 11 August 2030 | |
| Total | 38,737 | 64,403 |
The Remuneration Committee believes that these awards fairly reflect the share awards Caroline forfeited in terms of value and timescale of vesting.
Grant of Buyout Awards - Hestie Reinecke
Hestie Reinecke was appointed as Chief Risk Officer on 1 October 2024.
On 10 December 2024, Hestie was granted the following awards over 131,861 Shares in respect of the buy-out of share awards that Hestie forfeited on leaving her previous employment. The number of Shares awarded has been calculated using a market price of £7.245 per Share, being the quoted closing price of a Share on 1 October 2024.
The nil-cost options will vest in tranches on the vesting dates shown in the table below, subject to the achievement of performance conditions where the nil-cost option has been granted to replace an award from Hestie's previous employer which was subject to performance conditions and to her continued employment. Following vesting, Hestie will have a period of three years within which she may exercise the relevant nil-cost option.
Appropriate malus and clawback provisions will apply to the nil-cost options.
| PDMR | No. of shares under option (conditional awards) | No. of shares under option (performance awards) | Vesting Date |
| Hestie Reinecke | 45,027 | 11,876 | 12 April 2025 |
| 38,153 | 8,441 | 12 April 2026 | |
| 21,275 | 7,089 | 26 March 2027 | |
| Total | 104,455 | 27,406 |
The Remuneration Committee believes that these awards fairly reflect the share awards Hestie forfeited in terms of value and timescale of vesting.
Grant of Buyout Awards - Paul Loftus
Paul Loftus was appointed as General Counsel on 1 December 2024.
On 10 December 2024, Paul was granted the following awards over 6,180 Shares in respect of the buy-out of share awards that Paul forfeited on leaving his previous employment. The number of Shares awarded has been calculated using a market price of £9.035 per Share, being the quoted closing price of a Share on 2 December 2024.
The nil-cost options will vest in tranches on the vesting dates shown in the table below, subject to Paul's continued employment. Following vesting, Paul will have a period of three years within which he may exercise the relevant nil-cost option.
Post-vesting holding periods will apply to any nil-cost options which have been granted to replace awards from Paul's previous employer which were subject to post-vesting holding periods. The post-vesting periods will end on the same date as they would have ended for the original award granted by Paul's previous employer.
Appropriate malus and clawback provisions will apply to the nil-cost options.
| PDMR | No. of shares under option (conditional awards) | Vesting Date |
| Paul Loftus | 3,021 | 7 March 2025 |
| 2,235 | 9 March 2026 | |
| 924 | 8 March 2027 | |
| Total | 6,180 |
The Remuneration Committee believes that these awards fairly reflect the share awards Paul forfeited in terms of value and timescale of vesting.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Caroline Waddington
2
Reason for the notification
a)
Position/status
PDMR/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
St. James's Place plc
b)
LEI
213800M993ICXOMBCP87
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
Transition 1
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 15p each
GB0007669376
b)
Nature of the transaction
Grant of buyout share options under an arrangement to which Listing Rule 9.3.2 (2) applies
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 103,140 |
d)
Aggregated information:
- Aggregated volume
- Price
103,140
Nil
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Hestie Reinecke
2
Reason for the notification
a)
Position/status
PDMR/Chief Risk Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
St. James's Place plc
b)
LEI
213800M993ICXOMBCP87
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
Transition 1
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 15p each
GB0007669376
b)
Nature of the transaction
Grant of buy-out share awards under the St. James's Place plc CRO Buyout Awards Agreement
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 131,861 |
d)
Aggregated information:
- Aggregated volume
- Price
131,861
Nil
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Paul Loftus
2
Reason for the notification
a)
Position/status
PDMR/General Counsel
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
St. James's Place plc
b)
LEI
213800M993ICXOMBCP87
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
Transition 1
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 15p each
GB0007669376
b)
Nature of the transaction
Grant of buy-out share awards under the St. James's Place plc GC Buyout Awards Agreement
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 6,180 |
d)
Aggregated information:
- Aggregated volume
- Price
6,180
Nil
e)
Date of the transaction
10 December 2024
f)
Place of the transaction
Outside a trading venue
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