Last checked at 30 Nov 2023 11:00
International Distributions Services plc
(Incorporated in England and Wales)
Company Number: 8680755
LSE Share Code: IDS
ISIN: GB00BDVZYZ77
LEI: 213800TCZZU84G8Z2M70
30 November 2023
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
International Distributions Services plc ("IDS" or the "Company") announces that on 28 November 2023, Directors / Persons Discharging Managerial Responsibility (PDMRs) received share awards under the IDS Long-Term Incentive Plan (LTIP) (previously known as the Royal Mail LTIP).
The Company announced the grant of these conditional shares to Mark Amsden and Mick Jeavons on 27 November 2020. That announcement noted that the shares would vest after three years if and to the extent the Company performed in accordance with the performance criteria in the IDS LTIP 2020.
The IDS LTIP 2020 is referenced at page 126 of the Company's 2022-23 Annual Report and Financial Statements. Following achievement of performance conditions for the Company over the course of the last three years, Mark Amsden and Mick Jeavons received the requisite number of shares, net after payment of applicable taxes. Whilst the shares do not have a holding period, Mark and Mick are expected to retain any share-based awards until they hold shares equivalent to 100% and 200% of base salary respectively.
The below notifications, made in accordance with the requirements of the UK Market Abuse Regulation, give further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) | Name | Mark Amsden
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group General Counsel and Company Secretary | ||||
b)
| Initial notification/Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| International Distributions Services plc | ||||
b)
| LEI
| 213800TCZZU84G8Z2M70 | ||||
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 instrument, type of instrument
Identification code
| Ordinary shares of £0.01 each in International Distributions Services plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Vesting of ordinary shares under the IDS LTIP 2020 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
N/A
| ||||
e)
| Date of the transaction
| 28 November 2023
| ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) | Name | Mick Jeavons
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Chief Financial Officer | ||||
b)
| Initial notification/Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| International Distributions Services plc | ||||
b)
| LEI
| 213800TCZZU84G8Z2M70 | ||||
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 instrument, type of instrument
Identification code
| Ordinary shares of £0.01 each in International Distributions Services plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Vesting of ordinary shares under the IDS LTIP 2020 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
N/A
| ||||
e)
| Date of the transaction
| 28 November 2023
| ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Enquiries:
Investor Relations
John Crosse
Email: investorrelations@royalmail.com
Media Relations
Greg Sage
Phone: 07483 421374
Email: greg.sage@royalmail.com
Jenny Hall
Phone: 07776 993036
Email: jenny.hall@royalmail.com
Royal Mail press office: press.office@royalmail.com
Company Secretary
Mark Amsden
Email: cosec@royalmail.com