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Director/PDMR Shareholding

26 Jun 2019 16:30

RNS Number : 5512D
River and Mercantile Group PLC
26 June 2019
 

26 June 2019

LEI: 2138005C7REHURGWHW31

 

River and Mercantile Group PLC ("the Company")

 

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

 

EXECUTIVE PERFORMANCE SHARE PLAN

VESTING OF AWARDS

 

The Company announces that 2,956,336 contingent share awards in the Company's ordinary shares ("Shares") granted under the Company's Executive Performance Share Plan ("EPSP") to the Company's Executive Directors, being PDMRs, vested on 26 June 2019 as set out in the table below.

 

Pursuant to the vesting, the recipients instructed Link Trustees (Jersey) Limited (the "Trustee"), as the trustee of the River and Mercantile Group Employee Benefits Trust (the "EBT"), to sell a portion of the shares that vested in order to satisfy the tax and national insurance liability associated with this award that arises immediately on vesting, and to transfer the balance of shares into their name. Additional Shares were sold by the Trustee to satisfy the associated SDLT and transaction charges incurred by James Barham, Jack Berry and Mike Faulkner.

 

The table below sets out the shares that vested on 26 June 2019, the number of shares sold and the beneficial holdings in the Company of the PDMR following the vesting and sale:

 

PDMR

Number of Shares Vesting

Number of shares sold by EBT to meet tax liabilities and transaction charges (if applicable)

Number of shares retained by PDMR

Total Shareholding

Holding % of Issued Share Capital

James Barham

751,610

355,730

395,881

1,567,373

1.837%

Jack Berry

851,826

403,161

448,665

1,309,284

1.534%

Mike Faulkner

501,074

237,153

263,921

3,980,393

4.666%

Kevin Hayes

851,826

400,358

451,468

788,705

0.924%

 

Formal notification in respect of the PDMR is below.

 

Sally Buckmaster

Group 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  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

James Barham

2

Reason for the notification

a)

Position/status

Deputy CEO - PDMR

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. Vesting of share awards under the River and Mercantile Executive Performance Share Plan

2. Sale of a proportion of the vested shares to cover tax, national insurance, SDLT and transaction charges.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 0.00p

1. 751,610

2. 265p

2. 355,730

d)

Aggregated information

- Aggregated volume

- Price

Price

Volume

Total

1. 0.00p

1. 751,610

1. £0.00

2. 265p

2. 355,730

2. £942,684.50

e)

Date of the transaction

26 June 2019

f)

Place of the transaction

London Stock Exchange

 

 

 

 

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Jack Berry

2

Reason for the notification

a)

Position/status

Executive Director - PDMR

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. Vesting of share awards under the River and Mercantile Executive Performance Share Plan

2. Sale of a proportion of the vested shares to cover tax, national insurance, SDLT and transaction charges.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 0.00p

1. 851,826

2. 265p

2. 403,161

d)

Aggregated information

- Aggregated volume

- Price

Price

Volume

Total

1. 0.00p

1. 851,826

1. £0.00

2. 265p

2. 403,161

2. £1,068,376.65

e)

Date of the transaction

26 June 2019

f)

Place of the transaction

London Stock Exchange

 

 

 

 

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Mike Faulkner

2

Reason for the notification

a)

Position/status

CEO - PDMR

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. Vesting of share awards under the River and Mercantile Executive Performance Share Plan

2. Sale of a proportion of the vested shares to cover tax, national insurance, SDLT and transaction charges.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 0.00p

1. 501,074

2. 265p

2. 237,153

d)

Aggregated information

- Aggregated volume

- Price

Price

Volume

Total

1. 0.00p

1. 501,074

1. £0.00

2. 265p

2. 237,153

2. £628,455.45

e)

Date of the transaction

26 June 2019

f)

Place of the transaction

London Stock Exchange

 

 

 

 

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Kevin Hayes

2

Reason for the notification

a)

Position/status

CFO and Executive Director - PDMR

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. Vesting of share awards under the River and Mercantile Executive Performance Share Plan

2. Sale of a proportion of the vested shares to cover tax and national insurance.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 0.00p

1. 851,826

2. 265p

2. 400,358

d)

Aggregated information

- Aggregated volume

- Price

Price

Volume

Total

2. 0.00p

2. 851,826

3. £0.00

4. 265p

3. 400,358

3. £1,060,948.70

e)

Date of the transaction

26 June 2019

f)

Place of the transaction

London Stock Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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