RM PLC Director/PDMR Performance Share Plan Awards (9420S)
15 March 2019 - 6:01PM
UK Regulatory
TIDMRM.
RNS Number : 9420S
RM PLC
15 March 2019
15 March 2019
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with DTR 3.1.4 R(1)(a), RM plc announces that, on
14 March 2019, 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
David Brooks 150,000
---------------------------
Neil Martin 122,000
---------------------------
John Baskerville 94,000
---------------------------
Jeremy Cooper 94,000
---------------------------
Andy Wilson 94,000
---------------------------
The options are exercisable in the period 15 March 2022 to 26
October 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 basic earnings per share (EPS) between
the year ended 30 November 2018 and the year ended 30 November
2021. Vesting will occur on a sliding scale between a compound
annual growth rate (CAGR) in EPS of 5% per annum (25%) and a CAGR
in EPS of 15% per annum (100%), namely 30.1 pence and 39.5 pence
respectively.
(2) Fifty percent (50%) of the award will be based on the
Company's relative TSR performance for the period from January /
February 2019 to January / February 2022. 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 (25%) and
upper quartile (100%).
No award can vest before 15 March 2022.
Contact:
RM plc 08450 700300
Greg Davidson
Company Secretary
Notes:
1. The RM Performance Share Plan 2010 was approved by
shareholders at the Company's AGM held on 18 January 2010.
2. To ensure consistency, the calculations of adjusted earnings
per share exclude any adjustments made in relation to share-based
payments.
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contact rns@lseg.com or visit www.rns.com.
END
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