25 Jul 2014 16:22
Royal Mail plc
25 July 2014
2014 Long Term Incentive Plan
On 24 July 2014 (the "Grant Date") Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") were granted conditional Share Awards over ordinary shares in the Company under the Royal Mail Long Term Incentive Plan (the "LTIP "), as set out below:
Number of shares awarded
Executive Directors | No of Shares |
MR MATTHEW LESTER | 98,797 |
MS MOYA GREENE | 108,357 |
PDMRs | No of Shares |
MR JONATHAN MILLIDGE | 69,626 |
MS SUSAN WHALLEY | 72,890 |
MR GARY SIMPSON | 42,428 |
MR MICHAEL NEWNHAM | 67,451 |
MR JOHN AGAR | 48,956 |
MR NICHOLAS LANDON | 37,859 |
MS EMILY PANG | 55,484 |
MR SHANE O'RIORDAIN | 76,154 |
MR STUART SIMPSON | 51,132 |
MR NEIL HARNBY | 65,275 |
MR DEREK FOSTER | 28,280 |
MRS CATHERINE DORAN | 62,011 |
MR RICO BACK | 71,940 |
The Share Awards will normally vest and become exercisable under the LTIP on the third anniversary of the Grant Date, subject to the participant continuing to hold an office or employment within the Group and the achievement of three independent performance conditions measured over the three year period:
1. Earnings Per Share (EPS): applies to 50 per cent of the total number of shares held under the award,
2. Margin Growth: applies to 35 per cent of the total number of shares held under the award,
3. Total Shareholder Return (TSR): applies to 15 per cent of the total number of shares held under the award.
No consideration was paid for the grant of the Share Awards.
This announcement is made in accordance with the requirements of DTR 3.1.4R.
MediaBeth LongcroftPhone: 020 7449 8241Email: beth.longcroft@royalmail.com
Royal Mail press office out of hours: 020 3338 1007
Investor RelationsCatherine NashPhone: 020 7449 8183Email: investorrelations@royalmail.com