Director's Shareholding
23 September 2024
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Director's Shareholding
The Company announces that it was notified on 20 September 2024, that Nigel Le Quesne, Chief Executive Officer of JTC, has entered into a security arrangement as detailed below. The security arrangement came into effect on 20 September 2024.
The pledge of 2,680,000 Ordinary Shares in JTC is as security against a £5 million personal loan facility with DB UK Bank Limited to provide liquidity for personal investment commitments. His desire to maintain title to the underlying ownership of the shares is indicative of Mr. Le Quesne's confidence in the Company's future performance.
Mr. Le Quesne remains the beneficial owner of the 2,680,000 Ordinary Shares subject to the pledge and retains full voting rights.
Following the transaction Mr. Le Quesne's shareholding in the Company remains unchanged, being 10,889,868 Ordinary Shares, representing approximately 6.49% of the Issued Share Capital. Mr. Le Quesne is JTC's largest shareholder.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Nigel Le Quesne | |
2 | Reason for the notification | ||
a) | Position/Status: | Chief Executive Officer | |
b) | Initial Notification/Amendment: | Initial Notification | |
3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
a) | Name: | JTC PLC | |
b) | LEI: | 213800DVUG4KLF2ASK33 | |
4. | Details of 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: Identification code: | Ordinary shares of £0.01 each JE00BF4X3P53 | |
b) | Nature of the transaction: | The pledge of 2,680,000 Ordinary Shares as security against a personal loan facility with DB UK Bank Limited. Mr. Le Quesne remains the beneficial owner of the shares subject to the pledge and retains full voting rights. | |
c) | Price(s) and volume(s): | Price(s) | Volume(s) |
Nil | 2,680,000 | ||
d) | Aggregated volume: Price: | 2,680,000
Nil | |
e) | Date of the Transaction: | 20 September 2024 | |
f) | Place of the Transaction: | Outside a trading venue | |
For further information please contact:
Miranda Lansdowne
JTC (Jersey) Limited
Company Secretary
+44 1534 700 000
About JTC
JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all of our stakeholders. Our purpose is to maximise potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.
www.jtcgroup.com
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