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Royal Mail PLC - Director/PDMR Shareholding

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 /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 0.01 pence each in Royal Mail plc

 

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)

£1.5750 per ordinary share

 

19,354

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

 

 

- Price

 

 

 

 

 

1. Exercise

 

Price(s)

 

Volume(s)

Total

Nil Cost

 

41,178

0.00

 

2. Sale

 

Price(s)

 

Volume(s)

Total

£1.5750 per ordinary share

 

19,354

£30,482.55

 

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 /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 0.01 pence each in Royal Mail plc

 

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)

£1.5750 per ordinary share

 

19,354

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

 

 

- Price

 

1. Exercise

 

Price(s)

 

Volume(s)

Total

Nil Cost

 

41,178

0.00

 

2. Sale

 

Price(s)

 

Volume(s)

Total

£1.5750 per ordinary share

 

19,354

£30,482.55

 

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: [email protected] 

 

Media Relations 

Mark Street

Phone: 07515924344

Email: [email protected]

 

Royal Mail press office out of hours: 020 7449 8246

 

Company Secretary

Mark Amsden

Phone: 0207 449 8289

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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Quick facts: Royal Mail PLC

Price: 212.2

Market: LSE
Market Cap: £2.12 billion
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