Source - RNS
RNS Number : 4950X
Royal Mail PLC
10 August 2018
 

An amendment has been made to the Director/PDMR Shareholding announcement released on 9 August 2018 at 16:16 under RNS No 3909X.

 

The asterisk next to Sue Whalley's name in the table does not apply, as she was not an Executive Director when the Long Term Incentive award was made.

 

All other details remain unchanged.

 

10 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 /Amendment

 

 

 Initial Notification

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, type of instrument

 

Identification code

 

 

 

Ordinary shares of 001 pence each in Royal Mail plc

 

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)

£4.573 per ordinary share

 

1. 35,300

2. 23,409

3. 10,536

4. 33,719

5. 36,880

6. 8,781

7. 50,000

8. 24,291

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

Not applicable - single transaction

 

 

 

 

 

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 /Amendment

 

 

 Initial Notification

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, type of instrument

 

Identification code

 

 

 

Ordinary shares of 001 pence each in Royal Mail plc

 

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

 

 

- Aggregated volume

 

 

- Price

 

Not applicable - single transaction

 

 

 

 

e)

 

Date of the transaction

 

 

 9 August 2018

f)

 

Place of the transaction

 

 

London

 

 

Contacts:

 

Company Secretariat

Kulbinder Dosanjh

Phone: 020 7449 8133 

Email: [email protected]

 

Media
Beth Longcroft

Phone: 07435 768 549

Email: [email protected]

 

Royal Mail press office out of hours: 020 3338 1007

 

Investor Relations

Catherine Nash

Phone: 020 7449 8183

Email: [email protected]

 


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 [email protected] or visit www.rns.com.
 
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