River and Mercantile Group PLC Director/PDMR Shareholding (3305K)
April 09 2018 - 11:11AM
UK Regulatory
TIDMRIV
RNS Number : 3305K
River and Mercantile Group PLC
09 April 2018
9 April 2018
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC ("the Company")
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
PERFORMANCE SHARE PLAN
VESTING OF 2015 AWARD
The Company announces that, as a result of the relevant
performance condition having been satisfied, a tranche of the
contingent share awards granted in 2015 under the Company's
Performance Share Plan to Mr. Chris Rutt (a PDMR) vested on 31
March 2018.
Following such vesting, Mr. Rutt instructed Estera Fiduciary
Services (Guernsey) Limited (previously Heritage Corporate Trustees
Limited) as the trustee of the River and Mercantile Group Employee
Benefits Trust (the "EBT") to sell, as directed by the Company, all
of the shares that vested, with the proceeds to be received as
cash, net of taxes.
The total number of shares sold by the EBT in relation to the
PDMR was 5,544. The shares were sold in the market on 6 April 2018
at 318 pence per share.
The table below sets out the shares that vested, the number of
shares sold and the respective beneficial holdings in the Company
of the PDMR following the vesting and sale:
PDMR Number of Number of Total Shareholding Holding
PSP Awards shares sold % of Issued
Vesting by the EBT Share Capital
(31 March (6 April
2018) 2018)
------------ ------------ ------------- ------------------- ---------------
Chris Rutt 5,544 5,544 2229 0.0027%
------------ ------------ ------------- ------------------- ---------------
Following the vesting, Mr. Rutt's beneficial interest in the
Company remains unchanged.
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Sally Buckmaster, Senior Legal 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 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
---- ---------------------------------- ---------------------------------------------------
b) Nature of the transaction 1. Sale of shares following the
vesting of an award under the
River and Mercantile Group PLC
Performance Share Plan
---- ---------------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 318p 1. 5,544
-------------- -----------------------------------
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
-------------- --------- ------------------------
1. 318p 1. 5,544 1. GBP17,629.92
-------------- --------- ------------------------
e) Date of the transaction 6 April 2018
---- ---------------------------------- ---------------------------------------------------
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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