Director/PDMR Shareholding

RNS Number : 0324U

Royal Mail PLC

24 July 2020

 

Royal Mail plc

(Incorporated in England and Wales)

Company Number: 8680755

LSE Share Code:

RMG ISIN: GB00BDVZYZ77

LEI: 213800TCZZU84G8Z2M70

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

GLS Long Term Incentive Plan (GLS LTIP 2020)

On 24 July 2020, a conditional share award over ordinary shares in Royal Mail plc was granted to Martin Seidenberg, under the GLS LTIP 2020. This share award will normally vest on the third anniversary of the Grant Date, subject to the achievement of performance conditions and continued employment. The number of shares awarded under the GLS LTIP 2020 is 103,929.

In addition, a conditional share award over ordinary shares in Royal Mail plc under the Royal Mail Deferred Share Bonus Plan 2020 (DSBP 2020) was awarded to Mark Amsden. The number of shares awarded under the DSBP 2020 is 133,320. The DSBP 2020 share awards will vest over a three year period. 33.33% will vest after 12 months, a further 33.33% will vest after 24 months and the final 33.33% vesting after 36 months, subject to the participant continuing to hold office or employment within the Royal Mail Group.

No consideration was paid for the grant of either share awards.

The below notifications, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation, give further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Seidenberg
2	Reason for the notification
a)	Position/status	GLS Chief Executive 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	213800TCZZU84G8Z2M70
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 each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of ordinary shares under the GLS LTIP 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 103,929
d)	Aggregated information - Aggregated volume - Price	103,929 Nil
e)	Date of the transaction	24 July 2020
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Amsden
2	Reason for the notification
a)	Position/status	Group General Counsel and Company Secretary
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	213800TCZZU84G8Z2M70
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 each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of ordinary shares under the Royal Mail DSBP 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 133,320
d)	Aggregated information - Aggregated volume - Price	133,320 Nil
e)	Date of the transaction	24 July 2020
f)	Place of the transaction	London Stock Exchange (XLON)

For further information, please contact:

Contacts:

Investor Relations

John Crosse

Phone: [phone]

Email: [e-mail]  

Company Secretariat

Mark Amsden

Phone: [phone]

Email: [e-mail]

Media

Mark Street

Phone: [phone]

Email: [e-mail]

Royal Mail press office out of hours: 020 7449 8246

 

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