29 Jun 2020 16:00
Royal Mail plc
(Incorporated in England and Wales)
Company Number: 8680755
LSE Share Code: RMG
ISIN: GB00BDVZYZ77
LEI: 213800TCZZU84G8Z2M70
29 June 2020
Royal Mail plc
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
Deferred Share Bonus Plan (DSBP 2017) Vesting
On 26 June 2020, the shares vested under the Royal Mail plc (the "Company") DSBP 2017. The Persons Discharging Managerial Responsibility ('PDMRs') listed below received the total number of shares shown.
PDMRs | No of Shares |
Stuart Simpson | 41,178 |
Mick Jeavons | 41,178 |
Executive Directors (such as Stuart Simpson) are expected to retain any share-based awards until they achieve a shareholding equivalent of 200 per cent of salary. All other PDMRs are required to retain a shareholding equivalent of 100 per cent of salary.
The attached notifications, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation, give further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||
a) | Name | Stuart Simpson
| ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Interim Chief Executive Officer of Royal Mail | ||||||||||||
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
| 213800TC22U84G8Z2M70 | ||||||||||||
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 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||||||||||
b)
| Nature of the transaction
| 1. Vesting of 41,178 shares from the 2017 Deferred Share Bonus Plan. 2. Subsequent sale of 19,354 shares to cover the tax and NI liability, with 21,824 shares retained.
| ||||||||||||
c)
| Price(s) and volume(s)
| 1. Exercise
2. Sale
| ||||||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| 1. Exercise
2. Sale
| ||||||||||||
e)
| Date of the transaction
| 26 June 2020
| ||||||||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||
a) | Name | Mick Jeavons
| ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Interim 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
| 213800TC22U84G8Z2M70 | ||||||||||||
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 pence each in Royal Mail plc
GB00BDVZYZ77
| ||||||||||||
b)
| Nature of the transaction
| 1. Vesting of 41,178 shares from the 2017 Deferred Share Bonus Plan. 2. Subsequent sale of 19,354 shares to cover the tax and NI liability, with 21,824 shares retained.
| ||||||||||||
c)
| Price(s) and volume(s)
| 1. Exercise
2. Sale
| ||||||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| 1. Exercise
2. Sale
| ||||||||||||
e)
| Date of the transaction
| 26 June 2020
| ||||||||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||||||||
For more information, please contact:
Investor Relations
John Crosse
Phone: 020 7449 8183
Email: investorrelations@royalmail.com
Media Relations
Mark Street
Phone: 07515924344
Email: mark.street@royalmail.com
Royal Mail press office out of hours: 020 7449 8246
Company Secretary
Mark Amsden
Phone: 0207 449 8289
Email: cosec@royalmail.com