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2 Oct 2014 15:59
2 October 2014
Royal Mail plc
Savings-Related Share Option Scheme 2014 (SAYE 2014)
Royal Mail plc (the 'Company') announces that options over the Company's ordinary shares of 1 pence each were granted in London on 1 October 2014 under SAYE 2014 to Executive Directors and Persons Discharging Managerial Responsibilities ('PDMRs'), as detailed below:
Executive Directors | Number of options granted |
Moya Greene | 590 |
Matthew Lester | 590 |
PDMRs | Number of options granted |
Stephen Agar | 590 |
Catherine Doran | 590 |
Neil Harnby | 590 |
Nick Landon | 590 |
Jon Millidge | 590 |
Mike Newnham | 590 |
Shane O'Riordain | 590 |
Emily Pang | 590 |
Gary Simpson | 590 |
Stuart Simpson | 590 |
Sue Whalley | 590 |
Executive Directors and PDMRs were able to participate in SAYE 2014 on exactly the same terms as all eligible employees.
The option price is 360 pence per share. This represents the maximum possible discount under HM Revenue & Customs rules of 20 per cent to the average mid-market closing prices of the Company's shares taken from the Daily Official List of the London Stock Exchange on 27, 28 and 29 August 2014.
No consideration was paid for the grant of the options.
The related savings contracts will commence on 1 December 2014 and the options will become exercisable from 1 December 2017.
This announcement is made in accordance with the requirements of DTR 3.1.4R.
For more information contact:
Company Secretariat
Kulbinder Dosanjh
Phone: 020 7449 8133
Email: cosec@royalmail.com
Media
Beth Longcroft
Phone: 020 7449 8241
Email: 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
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