TIDMRMG
RNS Number : 4206I
Royal Mail PLC
08 August 2019
Royal Mail plc
(Incorporated in England and Wales)
Company Number: 8680755
LSE Share Code:
RMG ISIN: GB00BDVZYZ77
LEI: 213800TCZZU84G8Z2M70
8 August 2019
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility
Long Term Incentive Plan 2019 (LTIP 2019) Grant
On 8 August 2019, the PDMRs listed below were granted
conditional share awards over ordinary shares in Royal Mail plc
under the Royal Mail LTIP 2019. The number of shares awarded under
the LTIP 2019 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.
PDMR Number of shares
Rico Back 349,905
-----------------
Stuart Simpson 246,027
-----------------
Achim Dunnwald 182,242
-----------------
Shane O'Riordain 170,092
-----------------
Christian Herrlich 127,569
-----------------
Sally Ashford 145,793
-----------------
Mel Tomlin 83,831
-----------------
The LTIP 2019 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 8 August 2022, subject to the
participant continuing to hold office or employment within the
Royal Mail Group, and then subject to a two year holding
period.
In addition, a conditional share award over ordinary shares in
Royal Mail plc was also granted on 8 August 2019 to James Rietkerk,
under the GLS LTIP 2019. This share award will normally vest on the
third anniversary of the Grant Date, subject to the achievement of
performance conditions. The number of shares awarded under the GLS
LTIP 2019 is listed below:
PDMR Number of shares
James Reitkerk 80,253
-----------------
No consideration was paid for the grant of the share awards.
Long Term Incentive Plan 2016 (LTIP 2016) Vesting
On 8 August 2019, shares were due to vest under the Royal Mail
plc (the "Company") LTIP. As a result of the Company not achieving
the performance targets relating to the LTIP 2016, the Persons
Discharging Managerial Responsibility ('PDMRs') listed below did
not receive any shares.
PDMRs No. of Shares
Stuart Simpson Nil
-------------
Shane O'Riordain Nil
-------------
Sally Ashford Nil
-------------
Mel Tomlin Nil
-------------
The shares have vested under the GLS LTIP 2016 to the PDMRs
listed below.
The shares shown for Rico Back are from the second tranche of
the GLS LTIP 2016, with a performance period of April 2017 to March
2018, during which time Rico Back was CEO, GLS. The vesting of the
second tranche of the GLS LTIP 2016 also includes a cash award of
EUR184,819 for Rico Back.
The shares vesting for James Rietkerk are for the second and
third tranches of the GLS LTIP 2016, with performance periods April
2017 to March 2018 and April 2018 to March 2019 respectively. These
two tranches also include a cash award of GBP87,220 for James
Rietkerk.
PDMR No. of Shares
Rico Back 39,921
-------------
James Rietkerk 22,422
-------------
Executive Directors are required 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.
The below notifications, made in accordance with the
requirements of Article 19 of the EU Market Abuse Regulation, give
further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rico Back
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Group 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 213800TCZZU84G8Z2M70
--------------------------- --------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
--------------------------- --------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
Royal Mail Long Term Incentive Plan
2019
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 349,905
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 349,905
- Price Nil
--------------------------- --------------------------------------
e) Date of the transaction 8 August 2019
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stuart Simpson
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Group Chief Finance and Operating
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 213800TCZZU84G8Z2M70
-------------------------- ----------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
-------------------------- ----------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
Royal Mail Long Term Incentive Plan
2019
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 246,027
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 246,027
- Price Nil
-------------------------- ----------------------------------------
e) Date of the transaction 8 August 2019
-------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Achim Dunnwald
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Strategy and Transformation
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 213800TCZZU84G8Z2M70
--------------------------- --------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
--------------------------- --------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
Royal Mail Long Term Incentive Plan
2019
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 182,242
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 182,242
- Price Nil
--------------------------- --------------------------------------
e) Date of the transaction 8 August 2019
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Shane O'Riordain
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Managing Director of Corporate Affairs,
Regulation and Marketing
-------------------------- ----------------------------------------
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 213800TCZZU84G8Z2M70
-------------------------- ----------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
-------------------------- ----------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
Royal Mail Long Term Incentive Plan
2019
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 170,092
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 170,092
- Price Nil
-------------------------- ----------------------------------------
e) Date of the transaction 8 August 2019
-------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Christian Herrlich
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Group Chief Information 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 213800TCZZU84G8Z2M70
--------------------------- --------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
--------------------------- --------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
Royal Mail Long Term Incentive Plan
2019
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 127,569
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 127,569
- Price Nil
--------------------------- --------------------------------------
e) Date of the transaction 8 August 2019
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sally Ashford
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief HR 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 213800TCZZU84G8Z2M70
--------------------------- --------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
--------------------------- --------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
Royal Mail Long Term Incentive Plan
2019
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 145,793
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 145,793
- Price Nil
--------------------------- --------------------------------------
e) Date of the transaction 8 August 2019
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mel Tomlin
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief of Staff
--------------------------- --------------------------------------
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 213800TCZZU84G8Z2M70
--------------------------- --------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
--------------------------- --------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
Royal Mail Long Term Incentive Plan
2019
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 83,831
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 83,831
- Price Nil
--------------------------- --------------------------------------
e) Date of the transaction 8 August 2019
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Rietkerk
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status 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 213800TCZZU84G8Z2M70
--------------------------- --------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
--------------------------- --------------------------------------
b) Nature of the transaction Grant of ordinary shares under the
GLS Long Term Incentive Plan 2019
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 80,253
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 80,253
- Price Nil
--------------------------- --------------------------------------
e) Date of the transaction 8 August 2019
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rico Back
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Group 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 213800TCZZU84G8Z2M70
-------------------------- ----------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
-------------------------- ----------------------------------------
b) Nature of the transaction Acquisition of ordinary shares pursuant
to an exercise of options under the
GLS 2016 Long Term Incentive Plan
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP2.216 39,921
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 39,921
- Price GBP2.216
-------------------------- ----------------------------------------
e) Date of the transaction 7 August 2019
-------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Rietkerk
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status 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 213800TCZZU84G8Z2M70
-------------------------- ----------------------------------------
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 GBP0.01 each in
type of instrument Royal Mail plc
Identification code GB00BDVZYZ77
-------------------------- ----------------------------------------
b) Nature of the transaction Acquisition of ordinary shares pursuant
to an exercise of options under the
GLS 2016 Long Term Incentive Plan
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP2.216 22,422
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 22,422
- Price GBP2.216
-------------------------- ----------------------------------------
e) Date of the transaction 7 August 2019
-------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- ----------------------------------------
For further information, please contact:
Contacts:
Company Secretariat
Mark Amsden
Phone: 020 7449 8289
Email: cosec@royalmail.com
Media
Beth Longcroft
Phone: 07435 768 549
Email: beth.longcroft@royalmail.com
Royal Mail press office out of hours: 020 7449 8246
Investor Relations
Catherine Nash
Phone: 020 7449 8183
Email: investorrelations@royalmail.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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
DSHPPMLTMBAMMRL
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