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29 Nov 2022 07:00
RM plc (RM.) RM plc: Director/PDMR Performance Share Plan Award 29-Nov-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
Tuesday, 29 November 2022
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with the Market Abuse Regulations, RM plc announces that, on 28 November 2022, options were granted for nil consideration over the following numbers of ordinary shares of 2 2/7pence each in the Company under the RM Performance Share Plan 2019:
The options are exercisable in the period 01 December 2025 to 28 November 2032 at an exercise price of £0.00 per share. It is anticipated that option exercises will be satisfied by the transfer of shares from the Company's employee benefit trust.
Vesting of the award and the receipt of shares will be based on the following criteria:
One hundred percent (100%) of the award will be based on the Company’s relative TSR performance measured from the average of the Index during September and October 2022 to the average of the Index during September and October 2025. The Company’s TSR performance shall be measured against the TSR performance of the companies (Comparator Group) within the FTSE Small Cap (ex IT) Index over the above period and must be at least at the median of a ranking of the TSR of each of the members of the Comparator Group. Vesting will occur on a sliding scale between median (25%) and upper quartile (100%).
No award can vest before 01 December 2025. The Award will be subject to a Holding Period which will end two years after the vesting date.
Contact:
Notes: The RM Performance Share Plan 2019 was approved by shareholders at the Company’s AGM held on 27 March 2019.
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| ISIN: | GB00BJT0FF39 |
| Category Code: | DSH |
| TIDM: | RM. |
| LEI Code: | 2138005RKUCIEKLXWM61 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 204520 |
| EQS News ID: | 1499703 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.
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