13 Jun 2018 16:16
RPC Group Plc
DIRECTOR/PDMR SHAREHOLDING
RPC Group Plc announces that Pim Vervaat and Simon Kesterton, both being directors and persons discharging managerial responsibilities ('Directors') as detailed below, have exercised options over ordinary shares in the Company ('Ordinary Shares') in accordance with the terms of the RPC Group Plc Deferred Bonus Plan (the 'DBP').
The options vested on 9 June 2018 and were exercised for nil consideration by the Directors on 12 June 2018.
The exercise of the options was satisfied out of the Ordinary Shares held in the RPC Group Plc Employee Share Ownership Trust.
On the same date, 12 June 2018, both Directors disposed of a sufficient number of Ordinary Shares at £6.967 per share, to meet their respective tax liabilities associated with the exercise of the awards. The balance of the shares received and the resulting holdings of the Directors, and their connected persons, following these exercises is set out below.
Pim Vervaat and Simon Kesterton's total shareholdings of 396,000 and 137,806 equate to a holding of 425% and 284% of salaryl respectively.
Director | Ordinary Shares exercised under DBP | Ordinary Shares sold for taxes |
Ordinary Shares retained | Total Ordinary Shares held | % of Ordinary Share Capital
|
Pim Vervaat | 36,816 | 19,518 | 17,298 | 396,000 | 0.10% |
Simon Kesterton | 27,713 | 13,026 | 14,687 | 137,806 | 0.03% |
· Based on base salaries as at 31 March 2018 and using a share price of £8.0359, being the average share price for the 30 days to 29 March 2018, being the last working day before 31 March 2018.
In accordance with its obligations and disclosure requirements (DTR 3.1.2 and Article 19 of the Market Abuse Regulation), the Company makes the following disclosure:
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name | PIM VERVAAT
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2 | Reason for the notification | ||||||
a) | Position/Status | Chief Executive
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b) | Initial notification/amendment | Initial notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | RPC Group Plc
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b) | LEI | 213800RASBUP2MGA8H34
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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 and identification code | Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan | |||||
b) | Nature of the transaction | Exercise of nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan | |||||
c) | Price(s) and volume (s) |
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d) | Aggregated information | Price: Nil-cost
Volume: 36,816
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e) | Date of the transaction
| 12 June 2018 | |||||
f) | Place of the transaction | Outside a trading venue | |||||
a) | Description of the financial instrument, type of instrument and identification code | Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan
| ||||
b) | Nature of the transaction | Sale of ordinary shares following exercise of nil-cost option under the Deferred Bonus Plan to meet tax liabilities | ||||
c) | Price(s) and volume (s) |
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d) | Aggregated information | Price: £6.967
Volume: 19,518
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e) | Date of the transaction
| 12 June 2018 | ||||
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name | SIMON KESTERTON | |||||
2 | Reason for the notification | ||||||
a) | Position/Status | Finance Director | |||||
b) | Initial notification/ amendment | Initial notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | RPC Group Plc
| |||||
b) | LEI | 213800RASBUP2MGA8H34
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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 and identification code | Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan
| |||||
b) | Nature of the transaction | Exercise of nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan
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c) | Price(s) and volume (s) |
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d) | Aggregated information | Price: Nil-cost
Volume: 27,713
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e) | Date of the transaction | 12 June 2018 | |||||
f) | Place of the transaction | Outside a trading venue | |||||
a) | Description of the financial instrument, type of instrument and identification code | Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan
| ||||
b) | Nature of the transaction | Sale of ordinary shares following exercise of nil-cost option under the Deferred Bonus Plan to meet tax liabilities | ||||
c) | Price(s) and volume (s) |
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d) | Aggregated information | Price: £6.967 Volume: 13,026
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e) | Date of the transaction
| 12 June 2018 | ||||
f) | Place of the transaction
| Outside a trading venue |
Enquiries:
Nick Giles
Company Secretary
Tel: +44 (0) 1933 410-064