TIDMRMG

RNS Number : 4230R

Royal Mail PLC

29 June 2020

Royal Mail plc

(Incorporated in England and Wales)

Company Number: 8680755

LSE Share Code: RMG

ISIN: GB00BDVZYZ77

LEI: 213800TCZZU84G8Z2M70

29 June 2020

Royal Mail plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

Deferred Share Bonus Plan (DSBP 2017) Vesting

On 26 June 2020, the shares vested under the Royal Mail plc (the "Company") DSBP 2017. The Persons Discharging Managerial Responsibility ('PDMRs') listed below received the total number of shares shown.

 
      PDMRs       No of Shares 
 Stuart Simpson      41,178 
                  ------------ 
 Mick Jeavons        41,178 
                  ------------ 
 

Executive Directors (such as Stuart Simpson) 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.

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                               Stuart Simpson 
     --------------------------  -------------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------ 
 a)   Position/status             Interim Chief Executive Officer of Royal Mail 
     --------------------------  -------------------------------------------------------- 
 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 0.01 pence each in Royal 
       type of instrument           Mail plc 
 
       Identification code          GB00BDVZYZ77 
     --------------------------  -------------------------------------------------------- 
 b)   Nature of the transaction        1. Vesting of 41,178 shares from the 2017 Deferred 
                                        Share Bonus Plan. 
                                        2. Subsequent sale of 19,354 shares to cover 
                                        the tax and NI liability, with 21,824 shares 
                                        retained. 
     --------------------------  -------------------------------------------------------- 
 c)   Price(s) and volume(s)                 1. Exercise 
                                               Price(s)    Volume(s) 
                                               Nil Cost    41,178 
                                                          ---------- 
 
 
                                              2. Sale 
                                               Price(s)           Volume(s) 
                                               GBP1.5750 per 
                                                ordinary share    19,354 
                                                                 ---------- 
     --------------------------  -------------------------------------------------------- 
 d)   Aggregated information                 1. Exercise 
                                               Price(s)    Volume(s)   Total 
       - Aggregated volume                     Nil Cost    41,178      0.00 
                                                          ----------  ------ 
 
 
                                              2. Sale 
       - Price                                 Price(s)          Volume(s)   Total 
                                               GBP1.5750 per     19,354      GBP30,482.55 
                                                ordinary share 
                                                                ----------  ------------- 
     --------------------------  -------------------------------------------------------- 
 e)   Date of the transaction     26 June 2020 
     --------------------------  -------------------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  -------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / 
       person closely associated 
 a)   Name                               Mick Jeavons 
     --------------------------  -------------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------ 
 a)   Position/status             Interim Group Chief Financial 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 0.01 pence each in Royal 
       type of instrument           Mail plc 
 
       Identification code          GB00BDVZYZ77 
     --------------------------  -------------------------------------------------------- 
 b)   Nature of the transaction        1. Vesting of 41,178 shares from the 2017 Deferred 
                                        Share Bonus Plan. 
                                        2. Subsequent sale of 19,354 shares to cover 
                                        the tax and NI liability, with 21,824 shares 
                                        retained. 
     --------------------------  -------------------------------------------------------- 
 c)   Price(s) and volume(s)                 1. Exercise 
                                               Price(s)    Volume(s) 
                                               Nil Cost    41,178 
                                                          ---------- 
 
 
                                              2. Sale 
                                               Price(s)           Volume(s) 
                                               GBP1.5750 per 
                                                ordinary share    19,354 
                                                                 ---------- 
     --------------------------  -------------------------------------------------------- 
 d)   Aggregated information                 1. Exercise 
                                               Price(s)    Volume(s)   Total 
       - Aggregated volume                     Nil Cost    41,178      0.00 
                                                          ----------  ------ 
 
 
                                              2. Sale 
       - Price                                 Price(s)          Volume(s)   Total 
                                               GBP1.5750 per     19,354      GBP30,482.55 
                                                ordinary share 
                                                                ----------  ------------- 
     --------------------------  -------------------------------------------------------- 
 e)   Date of the transaction     26 June 2020 
     --------------------------  -------------------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  -------------------------------------------------------- 
 

For more information, please contact:

Investor Relations

John Crosse

Phone: 020 7449 8183

Email: investorrelations@royalmail.com

Media Relations

Mark Street

Phone: 07515924344

Email: mark.street@royalmail.com

Royal Mail press office out of hours: 020 7449 8246

Company Secretary

Mark Amsden

Phone: 0207 449 8289

   Email:   cosec@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

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