RM PLC Director/PDMR Performance Share Plan Awards (0782Z)
March 10 2017 - 1:01AM
UK Regulatory
TIDMRM.
RNS Number : 0782Z
RM PLC
10 March 2017
10 March 2017
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with DTR 3.1.4 R(1)(a), RM plc announces that, on
9 March 2017, options were granted for nil consideration over the
following numbers of ordinary shares of 2 2/7pence each in the
Company under the RM Performance Share Plan 2010:
Director/PDMR Shares Comprised in Awards
--------------- ---------------------------
David Brooks 175,000
--------------- ---------------------------
Neil Martin 160,000
--------------- ---------------------------
Toby Black 120,000
--------------- ---------------------------
Andy Wilson 120,000
--------------- ---------------------------
The options are exercisable in the period 11 March 2020 to 29
October 2027 at an exercise price of GBP0.00 per share. It is
anticipated that option exercises will be satisfied by the transfer
of shares from the Company's employee benefit trust.
Vesting of the award and the receipt of shares will be based on
the following criteria:
(1) Fifty percent (50%) of the award will be based on the
Company's growth in adjusted earnings per share (EPS) between the
year ended 30 November 2016 and the year ended 30 November 2019.
Vesting will occur on a sliding scale between a compound annual
growth rate (CAGR) in EPS of 7.5% per annum (25%) and a CAGR in EPS
of 17.5% per annum (100%), namely 21.7 pence and 28.2 pence
respectively.
(2) Fifty percent (50%) of the award will be based on the
Company's relative TSR performance for the period from January /
February 2017 to January / February 2020. The Company's TSR
performance shall be measured against the TSR performance of the
companies (Comparator Group) within the FTSE Small Cap (ex IT)
Index over the above period and must be at least at the median of a
ranking of the TSR of each of the members of the Comparator Group.
Vesting will occur on a sliding scale between median (50%) and
upper quartile (100%).
No award can vest before 11 March 2020.
Contact:
RM plc 08450 700300
Greg Davidson
Company Secretary
Notes: the RM Performance Share Plan 2010 was approved by
shareholders at the Company's AGM held on 18 January 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHEAXDNEAXXEFF
(END) Dow Jones Newswires
March 10, 2017 02:01 ET (07:01 GMT)
Rm (LSE:RM.)
Historical Stock Chart
From Apr 2024 to May 2024
Rm (LSE:RM.)
Historical Stock Chart
From May 2023 to May 2024