Source - RNS
RNS Number : 3197R
RPC Group PLC
13 June 2018
 

RPC Group Plc

DIRECTOR/PDMR SHAREHOLDING

RPC Group Plc announces that Pim Vervaat and Simon Kesterton, both being directors and persons discharging managerial responsibilities ('Directors') as detailed below, have exercised options over ordinary shares in the Company ('Ordinary Shares') in accordance with the terms of the RPC Group Plc Deferred Bonus Plan (the 'DBP').

The options vested on 9 June 2018 and were exercised for nil consideration by the Directors on 12 June 2018. 

The exercise of the options was satisfied out of the Ordinary Shares held in the RPC Group Plc Employee Share Ownership Trust.

On the same date, 12 June 2018, both Directors disposed of a sufficient number of Ordinary Shares at £6.967 per share, to meet their respective tax liabilities associated with the exercise of the awards.  The balance of the shares received and the resulting holdings of the Directors, and their connected persons, following these exercises is set out below.

Pim Vervaat and Simon Kesterton's total shareholdings of 396,000 and 137,806 equate to a holding of 425% and 284% of salaryl respectively.

 

 

 

Director

Ordinary Shares exercised under DBP

Ordinary Shares

sold for taxes

 

Ordinary Shares retained

Total Ordinary Shares held

% of Ordinary Share Capital

 

Pim Vervaat

36,816

19,518

17,298

396,000

0.10%

Simon Kesterton

27,713

13,026

14,687

137,806

0.03%

·      Based on base salaries as at 31 March 2018 and using a share price of £8.0359, being the average share price for the 30 days to 29 March 2018, being the last working day before 31 March 2018.

In accordance with its obligations and disclosure requirements (DTR 3.1.2 and Article 19 of the Market Abuse Regulation), the Company makes the following disclosure: 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

PIM VERVAAT

 

2

Reason for the notification

a)

Position/Status

Chief Executive

 

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

RPC Group Plc

 

b)

LEI

213800RASBUP2MGA8H34

 

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, type of instrument and identification code

Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan

b)

Nature of the transaction

Exercise of nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan

c)

Price(s) and volume (s)

Price (s)

Volume (s)

Nil-cost

36,816

 

d)

Aggregated information

Price: Nil-cost

 

Volume: 36,816

 

e)

Date of the transaction

 

12 June 2018

f)

Place of the transaction

Outside a trading venue

       

 

a)

Description of the financial instrument, type of instrument and identification code

Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan

 

b)

Nature of the transaction

Sale of ordinary shares following exercise of nil-cost option under the Deferred Bonus Plan to meet tax liabilities

c)

Price(s) and volume (s)

Price (s)

Volume (s)

£ 6.967

19,518

 

d)

Aggregated information

Price: £6.967

 

Volume: 19,518

 

e)

Date of the transaction

 

12 June 2018

f)

Place of the transaction

Outside a trading venue

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

SIMON KESTERTON

2

Reason for the notification

a)

Position/Status

Finance Director

b)

Initial notification/ amendment

Initial notification

3

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

a)

Name

RPC Group Plc

 

b)

LEI

213800RASBUP2MGA8H34

 

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, type of instrument and identification code

Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan

 

b)

Nature of the transaction

Exercise of nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan

 

c)

Price(s) and volume (s)

 

Price (s)

Volume (s)

Nil-cost

27,713

 

 

d)

Aggregated information

Price: Nil-cost

 

Volume: 27,713

 

e)

Date of the transaction

12 June 2018

f)

Place of the transaction

Outside a trading venue

       

 

a)

Description of the financial instrument, type of instrument and identification code

Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan

 

b)

Nature of the transaction

Sale of ordinary shares following exercise of nil-cost option under the Deferred Bonus Plan to meet tax liabilities

c)

Price(s) and volume (s)

Price (s)

Volume (s)

£6.967

13,026

 

d)

Aggregated information

Price: £6.967

Volume: 13,026

 

 

e)

Date of the transaction

 

12 June 2018

f)

Place of the transaction

 

Outside a trading venue

 

 

Enquiries:

 

Nick Giles

Company Secretary

Tel: +44 (0) 1933 410-064

 


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