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Director/PDMR Shareholding

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RNS Number : 8107L
UK Mail Group PLC
13 January 2016
 

13 January 2016

 

UK Mail Group plc

 

(the "Company")

 

Director/PDMR Shareholding

 

UK Mail Group plc announces that the under-mentioned director and other person discharging managerial responsibilities, ("PDMR") have received shares under the terms of the UK Mail Group plc Long-Term Incentive Plan ("LTIP").

 

The shares vested on 12 January 2016 for nil consideration pursuant to a conditional award originally made on 29 November 2012. The disposals referred to below were solely undertaken to cover tax liabilities and costs relating to the transaction. All of the disposals below were made on 12 January 2016 at £2.595 per share.

 

Individual

Director or PDMR

Total vested shares

Shares sold

Shares retained

Total shares held after event

% of share capital

Steven Glew

Director

57,743

27,194

30,549

155,812

0.28%

Steve Patrick

PDMR

23,855

11,235

12,620

26,360

0.05%

 

The award, alongside additional option exercises, was satisfied by 185,497 shares released from the UK Mail Group Employee Share Ownership Trust ("ESOT"). Following these transactions the ESOT holds 1,325 shares equivalent to < 0.01% of the issued share capital of the Company. UK Mail Group's issued share capital is 55,130,550 ordinary 10p shares.

 

The Company was informed of the above transactions on 13 January 2016.

 

For and on behalf of UK Mail Group plc

 

Steven Glew

 

Enquiries:

Steven Glew

Company Secretary

Tel: 01753 706070

 

About UK Mail

 

UK Mail is one of the leading independent parcels, mail and logistics services company within the UK and one of the main alternatives to Royal Mail for business mail requirements. More information is available at www.ukmail.com.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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