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Director/PDMR Shareholding

9 Aug 2022 15:00

RNS Number : 4483V
Royal Mail PLC
09 August 2022
 

Royal Mail plc

(Incorporated in England and Wales)

Company Number: 8680755

LSE Share Code: RMG

ISIN: GB00BDVZYZ77

LEI: 213800TCZZU84G8Z2M70

 

 

9 August 2022

 

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

 

Royal Mail plc Long Term Incentive Plan (LTIP) Vesting

 

On 8 August 2022, shares that vested under the Royal Mail plc LTIP 2019 were transferred to the plan's participants. The Persons Discharging Managerial Responsibility (PDMRs) listed below received the total number of shares shown (net after payment of applicable taxes).

 

PDMR

Number of shares

Mick Jeavons

72,510

 

LTIP share awards are subject to a two-year post vesting holding period.

 

In addition, Executive Directors are expected to retain any share-based awards until they achieve a shareholding equivalent of 200 per cent of salary.

 

The below notification, made in accordance with the requirements of the UK Market Abuse Regulation, gives further detail.

 

Notification of Dealing Form

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Mick Jeavons

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Chief Financial Officer

b)

 

Initial notification/Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Royal Mail plc

b)

 

LEI

 

 

213800TCZZU84G8Z2M70

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

 

 

Ordinary shares of £0.01 each in Royal Mail plc

 

 

 

GB00BDVZYZ77

 

 

b)

 

Nature of the transaction

 

 

Acquisition of 72,510 shares pursuant to the vesting of the LTIP 2019

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

Ordinary shares

Nil

 

72,510

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

N/A

 

 

N/A

 

e)

 

Date of the transaction

 

 

8 August 2022

 

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

Enquiries:

 

Investor Relations

John Crosse

Email: investorrelations@royalmail.com

Royal Mail investor relations line: 020 7449 8183

 

Media Relations 

Greg Sage

Phone: 07483 421 374

Royal Mail press office: press.office@royalmail.com

 

Jenny Hall

Phone: 07776 993 036

Email: jenny.hall@royalmail.com

Company Secretary

Mark Amsden

Email: cosec@royalmail.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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