20 May 2022 15:13
20 May 2022
LEI: 2138005C7REHURGWHW31
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River and Mercantile Group PLC (the "Company")
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NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
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VESTING OF BUY-OUT AWARDS
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The Company announces that on 19 May 2022 buy-out awards granted to Alex Hoctor-Duncan, CEO and PDMR, and Simon Wilson, CFO and PDMR, vested pursuant to the terms of each buy-out award deed. The buy-out awards have been satisfied part in ordinary shares in the Company of £0.003 pence each ('Shares') and the remainder in cash.
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Accordingly, Alex Hoctor-Duncan was granted nil cost options in respect of 143,617 Shares which he then exercised on 19 May 2022. Simon Wilson will receive 51,750 Shares.
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In accordance with the terms of the respective buy-out awards and Listing Rules, the Shares used to satisfy the vesting of the buy-out awards are market purchased Shares held in the Company's Employee Benefit Trust.
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Formal notifications in respect of the PDMRs are set out below in accordance with the requirements of the Market Abuse Regulation.
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Sally Buckmaster
Group Company Secretary
River and Mercantile Group PLC
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For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
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1  | Details of the person discharging managerial responsibilities / person closely associated  | ||||
a)  | Name   | Alex Hoctor-Duncan  | |||
2  | Reason for the notification  | ||||
a)  | Position/status   | Chief Executive Officer - PDMR | |||
b)  | Initial notification /Amendment   | Initial notification | |||
3  | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | ||||
a)  | Name   | River and Mercantile Group PLC | |||
b) Â | LEI Â Â | 2138005C7REHURGWHW31 | |||
4 Â | 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 | Ordinary shares of £0.003 pence each | |||
Identification code | GB00BLZH7X42 | ||||
b)  | Nature of the transaction   | Grant of options pursuant to a buy-out award. | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 0.00 | 143,617 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 143,617 Â | ||||
- Price  | GBP 0.00 | ||||
e)  | Date of the transaction   | 19 May 2022 | |||
f)  | Place of the transaction   | Outside a trading venue |
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1  | Details of the person discharging managerial responsibilities / person closely associated  | ||||
a)  | Name   | Alex Hoctor-Duncan  | |||
2  | Reason for the notification  | ||||
a)  | Position/status   | Chief Executive Officer - PDMR | |||
b)  | Initial notification /Amendment   | Initial notification | |||
3  | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | ||||
a)  | Name   | River and Mercantile Group PLC | |||
b) Â | LEI Â Â | 2138005C7REHURGWHW31 | |||
4 Â | 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 | Ordinary shares of £0.003 pence each | |||
Identification code | GB00BLZH7X42 | ||||
b)  | Nature of the transaction   | Exercise of options pursuant to a buy-out award. | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 0.00 | 143,617 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 143,617 Â | ||||
- Price  | GBP 0.00 | ||||
e)  | Date of the transaction   | 19 May 2022 | |||
f)  | Place of the transaction   | Outside a trading venue |
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1  | Details of the person discharging managerial responsibilities / person closely associated  | ||||
a)  | Name   | Simon Wilson  | |||
2  | Reason for the notification  | ||||
a)  | Position/status   | Chief Financial Officer - PDMR | |||
b)  | Initial notification /Amendment   | Initial notification | |||
3  | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | ||||
a)  | Name   | River and Mercantile Group PLC | |||
b) Â | LEI Â Â | 2138005C7REHURGWHW31 | |||
4 Â | 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 | Ordinary shares of £0.003 pence each | |||
Identification code | GB00BLZH7X42 | ||||
b)  | Nature of the transaction   | Vesting of buy-out award | |||
c) Â | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 0.00 | 51,750 | ||||
d) Â | Aggregated information | ||||
- Aggregated volume | 51,750 Â | ||||
- Price  | GBP 0.00 | ||||
e)  | Date of the transaction   | 19 May 2022 | |||
f)  | Place of the transaction   | Outside a trading venue |
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