RM PLC Director/PDMR Performance Share Plan Awards (5579H)
March 14 2018 - 3:00AM
UK Regulatory
TIDMRM.
RNS Number : 5579H
RM PLC
14 March 2018
14 March 2018
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with DTR 3.1.4 R(1)(a), RM plc announces that, on
13 March 2018, 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 150,000
------------------ ---------------------------
Neil Martin 135,000
------------------ ---------------------------
John Baskerville 100,000
------------------ ---------------------------
Andy Wilson 100,000
------------------ ---------------------------
The options are exercisable in the period 16 March 2021 to 26
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 basic earnings per share (EPS) between
the year ended 30 November 2017 and the year ended 30 November
2020. 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 26.1 pence and 34.1 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 (25%) and
upper quartile (100%).
No award can vest before 16 March 2021.
Contact:
RM plc 08450 700300
Greg Davidson
Company Secretary
Notes:
1. The RM Performance Share Plan 2010 was approved by
shareholders at the Company's AGM held on 18 January 2010.
2. To ensure consistency, the calculations of adjusted earnings
per share exclude any adjustments made in relation to share-based
payments.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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