22 Jul 2016 15:37
22 July 2016
Royal Mail plc
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ("PDMRs") and persons closely associated with them
On 21 July 2016 (the "Grant Date"), the Persons Discharging Managerial Responsibilities ("PDMRs") listed below were granted conditional Share Awards over ordinary shares in Royal Mail plc under the Royal Mail Long Term Incentive Plan 2016 (the "LTIP 2016"), as set out below:
Number of shares awarded under the Royal Mail LTIP 2016
PDMRs | No of Shares |
MS MOYA GREENE | 107,800 |
MR MATTHEW LESTER | 93,474 |
MR JOHN AGAR | 45,162 |
MR JACK BERTRAM | 59,036 |
MS MAAIKE DE BIE | 59,036 |
MR STEPHEN CAMERON | 48,193 |
MR DEREK FOSTER | 27,550 |
MR MICHAEL JEAVONS | 48,213 |
MR NICHOLAS LANDON | 49,197 |
MR JONATHAN MILLIDGE | 64,448 |
MR MICHAEL NEWNHAM | 61,004 |
MR SHANE O'RIORDAIN | 68,875 |
MR GARY SIMPSON | 46,245 |
MR STUART SIMPSON | 48,213 |
MS SUSAN WHALLEY | 70,843 |
The Share Awards will normally vest under the LTIP on the third anniversary of the Grant Date, subject to the participant continuing to hold office or employment within the Royal Mail Group, and then be subject to a two year holding period. The vesting will be determined on the achievement of Total Shareholder Return (TSR) condition measured over the three year period. If median performance is achieved against the FTSE 100 (excluding mining and financial companies) then 50 per cent of the total number of shares held under the award will vest. All the shares will vest if Royal Mail's TSR performance is at 75th percentile or better.
In addition, a conditional share award over 69,830 ordinary shares in Royal Mail plc was also made on the Grant Date to Rico Back under the GLS Long Term Incentive Plan. This share award will normally vest on the third anniversary of the Grant Date, subject to Rico Back continuing to hold office or employment within the Royal Mail Group.
Number of shares awarded under the GLS LTIP 2016
PDMR | No of Shares |
MR RICO BACK | 69,830 |
No consideration was paid for the grant of the Share Awards.
The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Moya Greene
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Matthew Lester
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Finance Officer | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| John Agar | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director Consumer & Network Access | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jack Bertram | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director Strategy, Pricing and Growth | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Maaike de Bie | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| General Counsel | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Stephen Cameron | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Deputy Chief Operations Officer | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Derek Foster | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director of Internal Audit and Risk | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Michael Jeavons | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief of Staff | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nicholas Landon | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director Royal Mail Parcels | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jonathan Millidge
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group HR Director | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Michael Newnham
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Customer Officer | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Shane O'Riordain | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director Communications & Regulation | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Gary Simpson
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Managing Director Parcelforce Worldwide & Deputy Chief Customer Officer | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Stuart Simpson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director of Group Finance | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Susan Whalley
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Operations Officer | ||||
b)
| Initial notification /Amendment
| Initial Announcement
| ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Rico Back | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer, GLS | ||||
b)
| Initial notification /Amendment
| Initial Announcement | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Royal Mail plc | ||||
b)
| LEI
| Non-Applicable | ||||
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
| Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||
b)
| Nature of the transaction
| Grant of Ordinary Shares pursuant to an exercise of options under 2016 GLS Long Term Incentive Plan
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Non-Applicable - Single Transaction
| ||||
e)
| Date of the transaction
| 21 July 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON) | ||||
Contacts:
Company Secretariat
Kulbinder Dosanjh
Phone: 020 7449 8133
Email: cosec@royalmail.com
Media
Beth LongcroftPhone: 020 7449 8241
Mobile: 07435 768 549Email: beth.longcroft@royalmail.com
Royal Mail press office out of hours: 020 3338 1007
Investor Relations
Catherine Nash
Phone: 020 7449 8183
Email: investorrelations@royalmail.com