Source - RNS
RNS Number : 3305K
River and Mercantile Group PLC
09 April 2018
 

9 April 2018

LEI: 2138005C7REHURGWHW31

 

River and Mercantile Group PLC ("the Company")

 

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 

PERFORMANCE SHARE PLAN

VESTING OF 2015 AWARD

 

The Company announces that, as a result of the relevant performance condition having been satisfied, a tranche of the contingent share awards granted in 2015 under the Company's Performance Share Plan to Mr. Chris Rutt (a PDMR) vested on 31 March 2018.

 

Following such vesting, Mr. Rutt instructed Estera Fiduciary Services (Guernsey) Limited (previously Heritage Corporate Trustees Limited) as the trustee of the River and Mercantile Group Employee Benefits Trust (the "EBT") to sell, as directed by the Company, all of the shares that vested, with the proceeds to be received as cash, net of taxes.

 

The total number of shares sold by the EBT in relation to the PDMR was 5,544. The shares were sold in the market on 6 April 2018 at 318 pence per share.

 

The table below sets out the shares that vested, the number of shares sold and the respective beneficial holdings in the Company of the PDMR following the vesting and sale:

 

PDMR

Number of PSP Awards Vesting

(31 March 2018)

Number of shares sold by the EBT

(6 April 2018)

Total Shareholding

Holding % of Issued Share Capital

Chris Rutt

5,544

5,544

2229

0.0027%

 

Following the vesting, Mr. Rutt's beneficial interest in the Company remains unchanged.

 

 

For further information please contact:

River and Mercantile Group PLC +44 (0)20 3327 5100

Sally Buckmaster, Senior Legal Counsel and Company Secretary

Chris Rutt, Deputy Chief Financial Officer and Investor Relations



 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Chris Rutt

2

Reason for the notification

a)

Position/status

PDMR - Deputy Chief Financial Officer and Investor Relations

b)

Initial notification/Amendment

Initial notification

3

Details  of  the  issuer,  emission  allowance  market  participant, auction  platform, auctioneer or auction monitor

a)

Name

River and Mercantile Group PLC

b)

LEI

2138005C7REHURGWHW31

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)

Descriptio of    th financial instrument, type of instrument

Identification code

Ordinary shares of £0.003 pence each


GB00BLZH7X42

 

b)

Nature of the transaction

1.    Sale of shares following the vesting of an award under the River and Mercantile Group PLC Performance Share Plan

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.    318p

1.    5,544

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1.    318p

1.    5,544

1.    £17,629.92

e)

Date of the transaction

6 April 2018

f)

Place of the transaction

London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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