River and Mercantile Group PLC Director/PDMR Shareholding (7450S)
October 04 2017 - 12:05PM
UK Regulatory
TIDMRIV
RNS Number : 7450S
River and Mercantile Group PLC
04 October 2017
4 October 2017
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC ("the Company")
NOTIFICATION OF TRANSACTION BY DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES ('PDMR')
Grant of awards under the River and Mercantile Group PLC
Performance Share Plan (the 'PSP')
The Company announces that on 2 October 2017 Mike Faulkner,
Chief Executive Officer, James Barham, Director, and Kevin Hayes,
Director, were granted conditional awards of River and Mercantile
Group PLC Ordinary Shares under the River and Mercantile Group PLC
PSP.
The number of shares was calculated using a market price of 312p
per share, being the five day Volume Weighted Average Price for the
period 25 September 2017 to 29 September 2017.
Director/PDMR Number Performance Performance Condition
of Shares period of Award
-------------- ----------- ------------ -----------------------------
Mike Faulkner 187,179 3 years PSP awards will only
vest in full if the
Company's shares deliver
a compound annual
total shareholder
return (TSR) of at
least 12% per annum
between 1 July 2017
and 30 June 2020.
No PSP will vest if
the TSR for the Performance
Period is less than
8%, and the PSP will
vest pro-rata if the
TSR is between 8-12%.
-------------- ----------- ------------ -----------------------------
James Barham 57,372 3 years PSP awards will only
vest in full if the
Company's shares deliver
a compound annual
total shareholder
return (TSR) of at
least 12% per annum
between 1 July 2017
and 30 June 2020.
No PSP will vest if
the TSR for the Performance
Period is less than
8%, and the PSP will
vest pro-rata if the
TSR is between 8-12%.
-------------- ----------- ------------ -----------------------------
Kevin Hayes 59,936 3 years PSP awards will only
vest in full if the
Company's shares deliver
a compound annual
total shareholder
return (TSR) of at
least 12% per annum
between 1 July 2017
and 30 June 2020.
No PSP will vest if
the TSR for the Performance
Period is less than
8%, and the PSP will
vest pro-rata if the
TSR is between 8-12%.
-------------- ----------- ------------ -----------------------------
The conditional awards of shares granted under the PSP will vest
on 30 June 2020, subject to the satisfaction of specified
performance criteria and other terms in accordance with the rules
of the PSP.
Formal notification in respect of the PDMRs is set out below in
accordance with the requirements of the Market Abuse
Regulation.
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Sally Buckmaster, Senior Counsel and Group Company Secretary
1 Details of the person discharging managerial
responsibilities / person closely associated
----
a) Name Mike Faulkner
---- ---------------------------------- -----------------------------------------------------------
2 Reason for the notification
----
a) Position/status Director - 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 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
---- ---------------------------------- -----------------------------------------------------------
b) Nature of the transaction 1. Grant of award under River
and Mercantile Group PLC Performance
Share Plan
---- ---------------------------------- -----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 312p 1. 187,179
---------------- -----------------------------------------
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---------------- ----------- ----------------------------
1. 312p 1. 187,179 1. GBP583,998.48
---------------- ----------- ----------------------------
e) Date of the transaction 2 October 2017
---- ---------------------------------- -----------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- ---------------------------------- -----------------------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
----
a) Name James Barham
---- ---------------------------------- ----------------------------------------------------------
2 Reason for the notification
----
a) Position/status 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
---- ---------------------------------- ----------------------------------------------------------
b) Nature of the transaction 1. Grant of award under River
and Mercantile Group PLC Performance
Share Plan
---- ---------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 312p 1. 57,372
---------------- ----------------------------------------
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---------------- ---------- ----------------------------
1. 312p 1. 57,372 1. GBP179,000.64
---------------- ---------- ----------------------------
e) Date of the transaction 2 October 2017
---- ---------------------------------- ----------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- ---------------------------------- ----------------------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
----
a) Name Kevin Hayes
---- ---------------------------------- ----------------------------------------------------------
2 Reason for the notification
----
a) Position/status 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
---- ---------------------------------- ----------------------------------------------------------
b) Nature of the transaction 1. Grant of award under River
and Mercantile Group PLC Performance
Share Plan
---- ---------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 312p 1. 59,936
---------------- ----------------------------------------
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---------------- ---------- ----------------------------
1. 312p 1. 59,936 1. GBP187,000.32
---------------- ---------- ----------------------------
e) Date of the transaction 2 October 2017
---- ---------------------------------- ----------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- ---------------------------------- ----------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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