23 Jul 2018 10:03
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'), have exercised awards over ordinary shares in the Company ('Ordinary Shares') in accordance with the terms of the RPC Group Plc Performance Share Plan (the 'PSP').
Awards over shares in the PSP vested on 15 July 2018 and were exercised for nil consideration by the Directors on 20 July 2018.
The exercise of the awards was satisfied out of the Ordinary Shares held in the RPC Group Plc Employee Share Ownership Trust.
On the same date, 20 July 2018, Pim Vervaat and Simon Kesterton disposed of a sufficient number of Ordinary Shares at £7.644 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 following these exercises is set out below.
Director | Ordinary Shares exercised | Ordinary Shares sold for taxes | Ordinary Shares retained | Total Ordinary Shares held | % of Ordinary Share Capital |
Pim Vervaat | 92,459 | 48,459 | 44,000 | 440,000 | 0.11% |
Simon Kesterton | 71,296 | 33,510 | 37,786 | 175,592 | 0.04% |
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 Performance Share Plan | |||||
b) | Nature of the transaction | Exercise of nil-cost option to acquire ordinary shares of 5p under the Performance Share Plan | |||||
c) | Price(s) and volume (s) |
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d) | Aggregated information | N/A | |||||
e) | Date of the transaction | 20 July 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 Performance Share Plan
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b) | Nature of the transaction | Sale of ordinary shares following exercise of nil-cost option under the Performance Share Plan to meet tax liabilities | ||||
c) | Price(s) and volume (s) |
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d) | Aggregated information | N/A
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e) | Date of the transaction
| 20 July 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 | CFO | |||||
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 | |||||
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 Performance Share Plan | |||||
b) | Nature of the transaction | Exercise of nil-cost option to acquire ordinary shares of 5p under the Performance Share Plan | |||||
c) | Price(s) and volume (s) |
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d) | Aggregated information | N/A | |||||
e) | Date of the transaction | 20 July 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 Performance Share Plan | ||||
b) | Nature of the transaction | Sale of ordinary shares following exercise of nil-cost option under the Performance Share Plan to meet tax liabilities | ||||
c) | Price(s) and volume (s) |
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d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 20 July 2018 | ||||
f) | Place of the transaction | Outside a trading venue |
Enquiries:
Nick Giles
Company Secretary
Tel: +44 (0) 1933 410-064