Royal Mail PLC Director/PDMR Shareholding (4596M)
28 July 2017 - 10:00PM
UK Regulatory
TIDMRMG
RNS Number : 4596M
Royal Mail PLC
28 July 2017
28 July 2017
Royal Mail plc
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility
Long Term Incentive Plan 2014 (LTIP 2014) Vesting
On 28 July 2017, the shares vesting under the Royal Mail plc
(the "Company") LTIP 2014 were transferred to the plan's
participants. As a result of the Company achieving 46 per cent of
the performance target relating to the LTIP 2014, the Persons
Discharging Managerial Responsibility ("PDMRs") listed below
received the total number of shares shown in the table below. This
is 46 per cent of each PDMR's original award, granted in July
2014:
PDMRs No of Shares
---------------- ------------
Moya Greene 57,870
---------------- ------------
Stuart Simpson 27,307
---------------- ------------
Sue Whalley 38,928
---------------- ------------
Also on 28 July 2017, the shares vesting under the GLS LTIP 2014
were transferred to the plan's participants, and to the PDMR listed
below:
PDMR No of Shares
----------- ------------
Rico Back 79,346
----------- ------------
Long Term Incentive Plan 2017 (LTIP 2017) Grant
On 28 July 2017, the PDMRs listed below were granted conditional
share awards over ordinary shares in Royal Mail plc under the Royal
Mail LTIP 2017. The number of shares awarded under the LTIP 2017 is
set out in the table below, which is the maximum grant that the
PDMRs are eligible for, and will only vest in full if the maximum
performance conditions are achieved. Over the last three years, the
LTIP has vested, on average, at 59 per cent of the maximum.
PDMRs No of Shares
---------------- ------------
Moya Greene 138,602
---------------- ------------
Stuart Simpson 113,857
---------------- ------------
Sue Whalley 101,206
---------------- ------------
The LTIP 2017 share awards will normally vest at the end of the
three year performance period, once the Remuneration Committee has
determined achievement against the performance condition. The
earliest release date will be 28 July 2020, subject to the
participant continuing to hold office or employment within the
Royal Mail Group, and then be subject to a two year holding
period.
In addition, a conditional share award over ordinary shares in
Royal Mail plc was also granted on 28 July 2017 to Rico Back, a
PDMR, under the GLS Long Term Incentive Plan. This share award will
normally vest on the third anniversary of the Grant Date, subject
to the achievement of performance conditions. The earliest release
date will be 28 July 2020. The number of shares awarded under the
GLS LTIP 2017:
PDMR No of Shares
----------- ------------
Rico Back 53,154
----------- ------------
No consideration was paid for the grant of the share awards.
The PDMRs are bound by the Shareholder Guidelines Policy which
sets a minimum shareholding requirement and are expected to retain
any shares released under the LTIP until this is achieved.
The attached notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, give further
detail.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------
a) Name 1. Moya Greene
2. Stuart Simpson
3. Sue Whalley
4. Rico Back
--- ------------------------- ------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Finance Officer
3. Chief Operations Officer
4. Chief Executive Officer,
GLS
--- ------------------------- ------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------
a) Name Royal Mail plc
--- ------------------------- ------------------------------------
b) LEI 213800TC22U84G8Z2M70
--- ------------------------- ------------------------------------
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
--- ---------------------------------------------------------------
a) Description of
the financial Ordinary shares of 001 pence
instrument, type each in Royal Mail plc
of instrument
GB00BDVZYZ77
Identification
code
--- ------------------------- ------------------------------------
b) Nature of the Acquisition of ordinary shares
transaction pursuant to an exercise of
options under the 2014 Long
Term Incentive Plan.
--- ------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- -----------
GBP3.98 per 1. 57,870
ordinary share
2. 27,307
3. 38,928
4. 79,346
---------------- -----------
--- ------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--- ------------------------- ------------------------------------
e) Date of the transaction 28 July 2017
--- ------------------------- ------------------------------------
f) Place of the transaction London
--- ------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------
a) Name 1. Moya Greene
2. Stuart Simpson
3. Sue Whalley
4. Rico Back
--- ------------------------- ------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Finance Officer
3. Chief Operations Officer
4. Chief Executive Officer,
GLS
--- ------------------------- ------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------
a) Name Royal Mail plc
--- ------------------------- ------------------------------------
b) LEI 213800TC22U84G8Z2M70
--- ------------------------- ------------------------------------
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
--- ---------------------------------------------------------------
a) Description of
the financial Ordinary shares of 001 pence
instrument, type each in Royal Mail plc
of instrument
GB00BDVZYZ77
Identification
code
--- ------------------------- ------------------------------------
b) Nature of the Grant of ordinary shares
transaction under the 2017 Long Term
Incentive Plan
--- ------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ------------
Nil 1. 138,602
2. 113,857
3. 101,206
4. 53,154
--------- ------------
--- ------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--- ------------------------- ------------------------------------
e) Date of the transaction 28 July 2017
--- ------------------------- ------------------------------------
f) Place of the transaction London
--- ------------------------- ------------------------------------
Contacts:
Company Secretariat
Kulbinder Dosanjh
Phone: 020 7449 8133
Email: cosec@royalmail.com
Media
Andrew Moys
Phone: 07841 803 321
Email: andrew.moys@royalmail.com
Royal Mail press office out of hours: 020 3338 1007
Investor Relations
Catherine Nash
Phone: 020 7449 8183
Email: investorrelations@royalmail.com
This information is provided by RNS
The company news service from the London Stock Exchange
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