Rm Regulatory News (RM.)

17 Dec 2007 11:37

RM PLC17 December 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 2007. As required by the Group's Deferred Bonus Plan ('DBP'), 40% of each ExecutiveDirector's annual bonus has been used to purchase RM ordinary shares on the openmarket. These shares will be held in trust on behalf of the Director for threeyears. Shares were allocated at a price of 197p, the closing price on the daythe annual bonus was paid, and were awarded to Executive Directors on 14December 2007. In addition, on 14 December 2007, Tim Pearson sold 5,787 and Mike Greig sold15,582 shares, at a price of 200p per share. The Executive Directors' beneficial interests in RM plc are now as follows: Total shares Total shares Total shares Shares held at as % of issued share held at Purchased under capital to which the DBP 14 Dec 2007 voting rights are 30 Sep 2007 attachedTim Pearson 218,278 0.24% 185,052 39,013Mike Greig 190,245 0.21% 179,999 25,828Rob Sirs 156,099 0.17% 127,138 28,961Total 564,622 0.61% 492,189 All three Executive Directors meet the requirement, set out in the Group'sRemuneration Policy, to hold shares worth 100% of their base salary. Following the sixth operation of the Group's Co-Investment Plan ('CIP'), allthree Executive Directors have contributed investment shares to the CIP and havebeen awarded potential matching shares in proportion. Some or all of thesematching shares may be released to the Executive Director on 14 December 2010,should the demanding performance conditions set by the Group's RemunerationCommittee be met. Details of the performance conditions are included in theRemuneration Report in the Group's Annual Report and Accounts. Executive Directors' holdings under the sixth operation of the CIP are asfollows: Investment shares Potential matching contributed sharesTim Pearson 50,325 150,975Mike Greig 32,175 96,525Rob Sirs 34,650 103,950 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 08450 700300 Notes: The RM plc Deferred Bonus Plan was approved by shareholders in January 2005. The RM plc Co-Investment Plan was approved by shareholders in January 2003. Itis a long-term incentive plan, which is designed to align the interests of RM'ssenior executives with those of shareholders. Under the Plan, participatingsenior executives are required to hold shares in RM and, if certain performanceconditions are achieved over a period of time, they are granted additionalshares. This information is provided by RNS The company news service from the London Stock Exchange