Last checked at 30 Aug 2023 07:00
RM plc (RM.) RM plc: Director/PDMR Performance Share Plan Awards 30-Aug-2023 / 07:00 GMT/BST
Wednesday, 30 August 2023
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with the Market Abuse Regulations, RM plc announces that, on 29 August 2023, 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 31 August 2026 to 29 August 2033 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: Forty percent (40%) of the Award is subject to a performance condition comparing the Company's total shareholder return (TSR) against a comparator group of FTSE Small Cap Index (excluding investment trusts) companies over the period of 3 years commencing on 01 December 2022 and ending on 30 November 2025. Sixty percent (60%) of the Award is subject to a performance condition relating to the performance of the Company’s TSR against absolute targets ranging from 120p to 195p, with this condition also measured at the end of the same 3-year period.
No award can vest before 31 August 2026. The Award will be subject to a Holding Period which will end two years after the vesting date.
Enquiries:
Notes: The RM Performance Share Plan 2019 was approved by shareholders at the Company’s AGM held on 27 March 2019.
Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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.: | 267902 |
| EQS News ID: | 1714133 |
| 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.