River and Mercantile Group PLC Director/PDMR Shareholding (2923N)
August 08 2017 - 1:01AM
UK Regulatory
TIDMRIV
RNS Number : 2923N
River and Mercantile Group PLC
08 August 2017
8 August 2017
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC ("the Company")
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
PERFORMANCE SHARE PLAN
VESTING AWARDS
The Company announces that, as a result of the relevant
performance condition having been satisfied, a tranche of the
contingent share awards granted under the Company's Performance
Share Plan to the PDMRs set out in the table below vested on 3
August 2017.
Pursuant to the vesting, each recipient instructed Heritage
Corporate Trustees Limited as the trustee of the River and
Mercantile Group Employee Benefits Trust (the 'EBT') to sell a
proportion of the shares that vested in order to satisfy their
income tax and national insurance liabilities immediately arising
on vesting and to transfer the balance of shares into their
name.
The total number of shares sold by the EBT in relation to the
PDMRs and others was 365,713. The shares were sold in the market on
3 August 2017 at 330 pence per share.
The table below sets out the shares that vested on 3 August
2017, the number of shares sold and the respective beneficial
holdings in the Company of the respective PDMRs following the
vesting and sale:
PDMR Number Number Number Total Holding
of Awards of shares of shares Shareholding % of Issued
Vesting sold by retained Share
EBT to by PDMR Capital
meet tax
liabilities
----------------- ----------- ------------- ----------- -------------- -------------
Masroor
Ahmad 3,770 1,772 1,998 173,706 0.21%
----------------- ----------- ------------- ----------- -------------- -------------
Ross Leach 75,494 35,482 40,012 207,062 0.25%
----------------- ----------- ------------- ----------- -------------- -------------
Ajeet Manjrekar 67,456 31,704 35,752 35,752 0.04%
----------------- ----------- ------------- ----------- -------------- -------------
Chris Rutt 4,325 2,033 2,292 17,521 0.02%
----------------- ----------- ------------- ----------- -------------- -------------
Formal notifications in respect of the PDMRs are below.
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Sally Buckmaster, Senior 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 Masroor Ahmad
---- ---------------------------------- -----------------------------------------------------
2 Reason for the notification
----
a) Position/status PDMR - Managing Director
---- ---------------------------------- -----------------------------------------------------
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) Description of the financial Ordinary shares of GBP0.003 pence
instrument, type of instrument each
Identification code GB00BLZH7X42
GB0001883718
---- ---------------------------------- -----------------------------------------------------
b) Nature of the transaction 1. Vesting of share awards under
the River and Mercantile Performance
Share Plan
2. Sale of a proportion of the
vested shares to cover tax and
social security.
---- ---------------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP3.30 1. 3,770
-------------------- -------------------------------
2. GBP3.30 2. 1,772
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---- ---------------------------------- ------------------- ---------- --------------------
1. GBP3.30 1. 3,770 1. 12,441.00
------------------- -------------------------------------------------- --------------------
2. GBP3.30 2. 1,772 2. 5,847.60
------------------- -------------------------------------------------- --------------------
e) Date of the transaction 3(rd) August 2017
---- ---------------------------------- -----------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ---------------------------------- -----------------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
----
a) Name Ross Leach
---- ---------------------------------- ------------------------------------------------------
2 Reason for the notification
----
a) Position/status PDMR - Co-Head of P-Solve Investments
Limited
---- ---------------------------------- ------------------------------------------------------
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) Description of the financial Ordinary shares of GBP0.003 pence
instrument, type of instrument each
Identification code
GB00BLZH7X42
GB0001883718
---- ---------------------------------- ------------------------------------------------------
b) Nature of the transaction 1. Vesting of share awards under
the River and Mercantile Performance
Share Plan
2. Sale of a proportion of the
vested shares to cover tax and
social security.
---- ---------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP3.30 1. 75,494
------------------- ---------------------------------
2. GBP3.30 2. 35,482
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---- ---------------------------------- ------------------ ----------- ---------------------
1. GBP3.30 1. 75,494 1. 249,130.20
------------------ --------------------------------------------------- ---------------------
2. GBP3.30 2. 35,482 2. 117,090.60
------------------ --------------------------------------------------- ---------------------
e) Date of the transaction 3(rd) August 2017
---- ---------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ---------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
----
a) Name Ajeet Manjrekar
---- ---------------------------------- ------------------------------------------------------
2 Reason for the notification
----
a) Position/status PDMR - Co-Head of P-Solve Investments
Limited
---- ---------------------------------- ------------------------------------------------------
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) Description of the financial Ordinary shares of GBP0.003 pence
instrument, type of instrument each
Identification code
GB00BLZH7X42
GB0001883718
---- ---------------------------------- ------------------------------------------------------
b) Nature of the transaction 1. Vesting of share awards under
the River and Mercantile Performance
Share Plan
2. Sale of a proportion of the
vested shares to cover tax and
social security.
---- ---------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP3.30 1. 67,456
------------------- ---------------------------------
2. GBP3.30 2. 31,704
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---- ---------------------------------- ------------------ ----------- ---------------------
1. GBP3.30 1. 67,456 1. 222,604.80
------------------ --------------------------------------------------- ---------------------
2. GBP3.30 2. 31,704 2. 104,623.20
------------------ --------------------------------------------------- ---------------------
e) Date of the transaction 3(rd) August 2017
---- ---------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ---------------------------------- ------------------------------------------------------
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) Description of the financial Ordinary shares of GBP0.003 pence
instrument, type of instrument each
Identification code
GB00BLZH7X42
GB0001883718
---- ---------------------------------- -----------------------------------------------------
b) Nature of the transaction 1. Vesting of share awards under
the River and Mercantile Performance
Share Plan
2. Sale of a proportion of the
vested shares to cover tax and
social security.
---- ---------------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP3.30 1. 4,325
-------------------- -------------------------------
2. GBP3.30 2. 2,033
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---- ---------------------------------- ------------------- ---------- --------------------
1. GBP3.30 1. 4,325 1. 14,272.50
------------------- -------------------------------------------------- --------------------
2. GBP3.30 2. 2,033 2. 6,708.90
------------------- -------------------------------------------------- --------------------
e) Date of the transaction 3(rd) August 2017
---- ---------------------------------- -----------------------------------------------------
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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