TIDMRMG
RNS Number : 3909X
Royal Mail PLC
09 August 2018
9 August 2018
Royal Mail plc
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility
Long Term Incentive Plan 2015 (LTIP 2015) Vesting
On 9 August 2018, the shares vested under the Royal Mail plc
(the "Company") LTIP. As a result of the Company partially
achieving the performance targets relating to the LTIP 2015, the
Persons Discharging Managerial Responsibility ('PDMRs') listed
below received the total number of shares shown. For Executive
Directors listed in the table below*, this was equivalent to 42.8
per cent of their original award, granted in July 2015.
PDMRs No of Shares
*Sue Whalley 35,300
------------
*Stuart Simpson 23,409
------------
Sally Ashford 10,536
------------
Jon Millidge 33,719
------------
Shane O'Riordain 36,880
------------
Mel Tomlin 8,781
------------
Also on 9 August 2018, the shares vested under the GLS LTIP
2015, and to the PDMRs listed below:
PDMR No of Shares
Rico Back 50,000
------------
James Rietkerk 24,291
------------
Executive Directors are expected to retain any share-based
awards until they achieve a shareholding equivalent of 200 per cent
of salary. All other PDMRs are required to retain a shareholding
equivalent of 100 per cent of salary
Long Term Incentive Plan 2018 (LTIP 2018) Grant
On 9 August 2018, the PDMRs listed below were granted
conditional share awards over ordinary shares in Royal Mail plc
under the Royal Mail LTIP 2018. The number of shares awarded under
the LTIP 2018 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 condition is achieved.
PDMRs No of Shares
Rico Back 140,052
------------
Sue Whalley 98,474
------------
Stuart Simpson 98,474
------------
Sally Ashford 65,649
------------
Christian Herrlich 38,295
------------
Jon Millidge 71,667
------------
Shane O'Riordain 76,591
------------
Mel Tomlin 25,165
------------
The LTIP 2018 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 9 August 2021, 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 9 August 2018 to James Rietkerk,
under the GLS LTIP 2018. 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 9 August
2021. The number of shares awarded under the GLS LTIP 2018 is
listed below:
PDMR No of Shares
James Rietkerk 35,256
------------
No consideration was paid for the grant of the share awards.
The attached notifications, made in accordance with the
requirements of Article 19 of the EU Market Abuse Regulation, give
further detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Rico Back
2. Sue Whalley
3. Stuart Simpson
4. Sally Ashford
5. Jon Millidge
6. Shane O'Riordain
7. Mel Tomlin
8. James Rietkerk
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status 1. Group Chief Executive Officer
2. Chief Executive Officer Post and
Parcels UK
3. Chief Finance Officer
4. Chief HR Officer
5. Chief Risk and Governance Officer
6. Director of Communications
7. Chief of Staff
8. GLS Chief Executive Officer
-------------------------- --------------------------------------------
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 instrument, Ordinary shares of 001 pence each
type of instrument in Royal Mail plc
Identification code GB00BDVZYZ77
-------------------------- --------------------------------------------
b) Nature of the transaction Acquisition of ordinary shares pursuant
to an exercise of options under the
2015 Long Term Incentive Plan.
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP4.573 per ordinary 1. 35,300
share 2. 23,409
3. 10,536
4. 33,719
5. 36,880
6. 8,781
7. 50,000
8. 24,291
-----------
-------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
-------------------------- --------------------------------------------
e) Date of the transaction 9 August 2018
-------------------------- --------------------------------------------
f) Place of the transaction London
-------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Rico Back
2. Sue Whalley
3. Stuart Simpson
4. Sally Ashford
5. Christian Herrlich
6. Jon Millidge
7. Shane O'Riordain
8. Mel Tomlin
9. James Rietkerk
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status 1. Group Chief Executive Officer
2. Chief Executive Officer Post and
Parcels UK
3. Chief Finance Officer
4. Chief HR Officer
5. Group Chief Information Officer
6. Chief Risk and Governance Officer
7. Director of Communications
8. Chief of Staff
9. GLS Chief Executive Officer
-------------------------- --------------------------------------------
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 instrument, Ordinary shares of 001 pence each
type of instrument in Royal Mail plc
Identification code GB00BDVZYZ77
-------------------------- --------------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
2018 Long Term Incentive Plan
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1. 140,052
2. 98,474
3. 98,474
4. 65,649
5. 38,295
6. 71,667
7. 76,591
8. 25,165
9. 35,256
-----------
-------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
-------------------------- --------------------------------------------
e) Date of the transaction 9 August 2018
-------------------------- --------------------------------------------
f) Place of the transaction London
-------------------------- --------------------------------------------
Contacts:
Company Secretariat
Kulbinder Dosanjh
Phone: 020 7449 8133
Email: cosec@royalmail.com
Media
Beth Longcroft
Phone: 07435 768 549
Email: beth.longcroft@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 news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHPLMATMBBMBIP
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