Rm Regulatory News (RM.)

8 Jan 2007 10:36

RM PLC08 January 2007 RM plc: Notification of Directors' Interests RM notifies shareholders of changes in Executive Directors' interests followingthe completion of the operation of the Group's long-term incentive plans forfinancial year 2006. As required by the Group's Deferred Bonus Plan ("DBP"), 40% of each ExecutiveDirector's annual bonus has been deferred and allocated as RM ordinary shares,to be held in trust for three years. These shares were allocated at a price of182p, the closing price on the day the annual bonus was paid, and were awardedto Executive Directors on 5 January 2007. Mike Greig has also sold 20,099 shareson 5 January 2007 at a price of 211.5p per share. Following these changes,Executive Directors' beneficial interests in RM plc are as follows: DBP shares Total shares Total shares Total shares Total shares awarded At as % of issued at at share capital 8 Jan 2007 30 Sep 2006 30 Sep 2005Tim Pearson 29,018 184,992 0.20% 155,974 101,701Mike Greig 20,099 179,939 0.20% 179,939 96,058Rob Sirs 23,003 127,078 0.14% 172,837 101,561Total 492,009 0.54% 508,750 299,320 All three Executive Directors meet the requirement, set out in the Group'sRemuneration Policy, to hold shares worth 100% of their base salary. In addition, following the fifth operation of the Group's Co-Investment Plan ("CIP"), all three Executive Directors have contributed investment shares to theCIP and have been awarded potential matching shares in proportion to them. Someor all of these matching shares may be released to the Executive Directors on 15December 2009, should the demanding performance conditions set by the Group'sRemuneration Committee be met. Details of the performance conditions areincluded in the Remuneration Report in the Group's Annual Report and Accounts.Executive Directors' holdings under the fifth operation of the CIP are asfollows: Investment shares Potential matching contributed sharesTim Pearson 41,659 124,977Mike Greig 27,773 83,319Rob Sirs 31,361 94,083 Note: potential matching shares are not included in Executive Directors'beneficial holdings given above. For further information, please contact:Eric Hollinrake/Phil Hemmings, RM plc 08709 200200 Notes: The RM plc Co-Investment Plan was approved by shareholders in January 2003. The RM plc Deferred Bonus Plan was approved by shareholders in January 2005. This information is provided by RNS The company news service from the London Stock Exchange