RM PLC PDMR Performance Share Plan Award (9328L)
25 July 2017 - 4:01PM
UK Regulatory
TIDMRM.
RNS Number : 9328L
RM PLC
25 July 2017
25 July 2017
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with DTR 3.1.4 R(1)(a), RM plc announces that, on
24 July 2017, options were granted for nil consideration over the
following numbers of ordinary shares of 2 2/7pence each in the
Company under the RM Performance Share Plan 2010:
Director/PDMR Shares Comprised in Awards
------------------ ---------------------------
John Baskerville 60,000
------------------ ---------------------------
The options are exercisable in the period 28 July 2020 to 20 May
2027 at an exercise price of GBP0.00 per share. It is anticipated
that option exercises will be satisfied by the transfer of shares
from the Company's employee benefit trust.
Vesting of the award and the receipt of shares will be based on
the following criteria:
(1) Fifty percent (50%) of the award will be based on the
Company's growth in adjusted earnings per share (EPS) between the
year ended 30 November 2016 and the year ended 30 November 2019.
Vesting will occur on a sliding scale between a compound annual
growth rate (CAGR) in EPS of 7.5% per annum (25%) and a CAGR in EPS
of 17.5% per annum (100%), namely 21.7 pence and 28.2 pence
respectively.
(2) Fifty percent (50%) of the award will be based on the
Company's relative TSR performance for the period from May / June
2017 to May / June 2020. The Company's TSR performance shall be
measured against the TSR performance of the companies (Comparator
Group) within the FTSE Small Cap (ex IT) Index over the above
period and must be at least at the median of a ranking of the TSR
of each of the members of the Comparator Group. Vesting will occur
on a sliding scale between median (50%) and upper quartile
(100%).
No award can vest before 28 July 2020.
Contact:
RM plc 08450 700300
Greg Davidson
Company Secretary
Notes: the RM Performance Share Plan 2010 was approved by
shareholders at the Company's AGM held on 18 January 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
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