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Royal Mail PLC (RMG)

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Friday 24 July, 2020

Royal Mail PLC

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: 020 7449 8183

Email: [email protected]  

 

Company Secretariat

Mark Amsden

Phone: 020 7449 8289

Email: [email protected]

 

Media

Mark Street

Phone: 07515924344

Email: [email protected]

 

 

Royal Mail press office out of hours: 020 7449 8246

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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