4 Oct 2018 17:26
4 October 2018
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC ("the Company")
NOTIFICATION OF TRANSACTION BY DIRECTORS
Grant of awards under the River and Mercantile Group PLC Deferred Equity Plan (the "DEP").
The Company announces that on 2 October 2018 Mike Faulkner, Chief Executive Officer, James Barham, Deputy Chief Executive Officer, Kevin Hayes, Director, and Jack Berry, Director, were granted conditional awards of River and Mercantile Group PLC Ordinary Shares under the River and Mercantile Group PLC DEP.
The number of shares was calculated using a market price of 322.29p per share, being the five day Volume Weighted Average Price for the period 24 September 2018 to 28 September 2018.
Director | Number of Shares | Performance period | Performance Condition of Award |
Mike Faulkner | 419,254 | 3 years | Awards will only vest in full if growth in the Group's adjusted underlying diluted earnings per share ("EPS") of 20% p.a. is achieved between 1 July 2018 and 30 June 2021. No Awards will vest if the EPS for that period is less than 10% p.a., and the Awards will vest pro-rata if the EPS is between 10-20%. The starting EPS will be the figure for the year ended 30 June 2018, and the ending figure will be the figure for the year ended 30 June 2021, in both cases as reported in the financial statements. |
James Barham | 307,453 | 3 years | Awards will only vest in full if growth in the Group's adjusted underlying diluted earnings per share ("EPS") of 20% p.a. is achieved between 1 July 2018 and 30 June 2021. No Awards will vest if the EPS for that period is less than 10% p.a., and the Awards will vest pro-rata if the EPS is between 10-20%. The starting EPS will be the figure for the year ended 30 June 2018, and the ending figure will be the figure for the year ended 30 June 2021, in both cases as reported in the financial statements. |
Kevin Hayes | 304,037 | 3 years | Awards will only vest in full if growth in the Group's adjusted underlying diluted earnings per share ("EPS") of 20% p.a. is achieved between 1 July 2018 and 30 June 2021. No Awards will vest if the EPS for that period is less than 10% p.a., and the Awards will vest pro-rata if the EPS is between 10-20%. The starting EPS will be the figure for the year ended 30 June 2018, and the ending figure will be the figure for the year ended 30 June 2021, in both cases as reported in the financial statements. |
Jack Berry | 87,267 | 3 years | Awards will only vest in full if growth in the Group's adjusted underlying diluted earnings per share ("EPS") of 20% p.a. is achieved between 1 July 2018 and 30 June 2021. No Awards will vest if the EPS for that period is less than 10% p.a., and the Awards will vest pro-rata if the EPS is between 10-20%. The starting EPS will be the figure for the year ended 30 June 2018, and the ending figure will be the figure for the year ended 30 June 2021, in both cases as reported in the financial statements. |
The conditional awards of shares granted under the DEP will vest on or after 30 June 2021, subject to the satisfaction of specified performance criteria and other terms in accordance with the rules of the DEP.
Formal notification in respect of the PDMRs is set out below in accordance with the requirements of the Market Abuse Regulation.
Sally Buckmaster
Company Secretary
River and Mercantile Group PLC
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
1 | Details of the director | ||||
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 instrument, type of instrument Identification code | Ordinary shares of £0.003 pence each GB00BLZH7X42 | |||
b) | Nature of the transaction | 1. Grant of award under River and Mercantile Group PLC DEP | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
1. 322.29p | 1. 419,254 | ||||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total | |
1. 322.29p | 1. 419,254 | 1.£1,351,213.72 | |||
e) | Date of the transaction | 2 October 2018 | |||
f) | Place of the transaction | Outside a trading venue | |||
1 | Details of the director | ||||
a) | Name | James Barham | |||
2 | Reason for the notification | ||||
a) | Position/status | Director - Deputy 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 instrument, type of instrument Identification code | Ordinary shares of £0.003 pence each GB00BLZH7X42 | |||
b) | Nature of the transaction | 1. Grant of award under River and Mercantile Group PLC DEP | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
1. 322.29p | 1. 307,453 | ||||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total | |
1. 322.29p | 1. 307,453 | 1.£990,890.27 | |||
e) | Date of the transaction | 2 October 2018 | |||
f) | Place of the transaction | Outside a trading venue | |||
1 | Details of the director | ||||
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 instrument, type of instrument Identification code | Ordinary shares of £0.003 pence each GB00BLZH7X42 | |||
b) | Nature of the transaction | 1. Grant of award under River and Mercantile Group PLC DEP | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
1. 322.29p | 1. 304,037 | ||||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total | |
1. 322.29p | 1. 304,037 | 1.£979,880.85 | |||
e) | Date of the transaction | 2 October 2018 | |||
f) | Place of the transaction | Outside a trading venue | |||
1 | Details of the director | ||||
a) | Name | Jack Berry | |||
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 instrument, type of instrument Identification code | Ordinary shares of £0.003 pence each GB00BLZH7X42 | |||
b) | Nature of the transaction | 1. Grant of award under River and Mercantile Group PLC DEP | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
1. 322.29p | 1. 87,267 | ||||
d) | Aggregated information - Aggregated volume - Price | Price | Volume | Total | |
1. 322.29p | 1. 87,267 | 1.£281,252.81 | |||
e) | Date of the transaction | 2 October 2018 | |||
f) | Place of the transaction | Outside a trading venue | |||