Portfolio

Company Announcements

Director/PDMR Shareholding

Related Companies

By LSE RNS

RNS Number : 8399S
River and Mercantile Group PLC
05 October 2017
 

5 October 2017

LEI: 2138005C7REHURGWHW31

 

 

River and Mercantile Group PLC ("the Company")

 

 

NOTIFICATION OF TRANSACTION BY DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR')

 

 

Grant of share awards

 

The Company announces that on 2 October 2017 awards were granted under the River and Mercantile Group PLC Deferred Equity Plan ('DEP') and River and Mercantile Group PLC Performance Share Plan ('PSP') to the PDMRs set out in the table below.

 

The number of shares was calculated using a market price of 312p per share, being the five day Volume Weighted Average Price for the period 25 September 2017 to 29 September 2017.

 

PDMR

 

Position

DEP/PSP

Number of Shares

Award period

Pro-rata vesting

Performance Condition of Award

Masroor Ahmad

Head of Derivative Solutions

DEP

56,394

3 years

None

Growth in specific divisional revenue.

DEP

65,385

2 years

None

None

Tamsin Evans

Head of Multi Asset

DEP

26,691

3 years

Yes - 1/3rd per annum

None

Ryan McGlothlin

Managing Director, P-Solve LLC

DEP

 

72,826

3 years

Yes - 25% year 1, 35% year 2 and 40% year 3

None

PSP

 

76,512

4 years

Vests at each year end based on progress to target

Two performance conditions linked to the Company Total Shareholder Return and growth in specific divisional revenue

Chris Rutt

Deputy CFO

DEP

9,615

3 years

Yes - 1/3rd per annum

None

 

Formal notification in respect of the PDMRs is set out below in accordance with the requirements of the Market Abuse Regulation.

 

For further information please contact:

River and Mercantile Group PLC +44 (0)20 3327 5100

Sally Buckmaster, Senior Counsel and Group Company Secretary

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Masroor Ahmad

2

Reason for the notification

a)

Position/status

PDMR - Head of Derivatives

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)

LEI

2138005C7REHURGWHW31

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)

Descriptio of    th financial instrument, type of instrument

Identification code

Ordinary shares of £0.003 pence each


GB00BLZH7X42

 

b)

Nature of the transaction

1.    Grant of award under River and Mercantile Group PLC Deferred Equity Plan

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.    312p

1.    121,779

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1.    312p

1.   121,779

1.    £379,950.48

e)

Date of the transaction

2 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Tamsin Evans

2

Reason for the notification

a)

Position/status

PDMR - Head of Multi Asset

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)

LEI

2138005C7REHURGWHW31

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)

Descriptio of    th financial instrument, type of instrument

Identification code

Ordinary shares of £0.003 pence each


GB00BLZH7X42

 

b)

Nature of the transaction

1.    Grant of award under River and Mercantile Group PLC Deferred Equity Plan

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.    312p

1.    26,691

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1.    312p

1.   26,691

1.    £83,275.92

e)

Date of the transaction

2 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Ryan McGlothlin

2

Reason for the notification

a)

Position/status

PDMR - Managing Director P-Solve LLC

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)

LEI

2138005C7REHURGWHW31

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)

Descriptio of    th financial instrument, type of instrument

Identification code

Ordinary shares of £0.003 pence each


GB00BLZH7X42

 

b)

Nature of the transaction

1.    (a) Grant of award under River and Mercantile Group PLC Performance Share Plan

(b) Grant of award under River and Mercantile Group PLC Deferred Equity Plan

2.   

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.    312p

1.    149,338

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1.    312p

1.   149,338

1.    £465,934.56

e)

Date of the transaction

2 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Chris Rutt

2

Reason for the notification

a)

Position/status

PDMR - Deputy CFO

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)

LEI

2138005C7REHURGWHW31

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)

Descriptio of    th financial instrument, type of instrument

Identification code

Ordinary shares of £0.003 pence each


GB00BLZH7X42

 

b)

Nature of the transaction

1.    Grant of award under River and Mercantile Group PLC Deferred Equity Plan

 

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.    312p

1.    9,615

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1.    312p

1.   9,615

1.    £29,998.80

e)

Date of the transaction

2 October 2017

f)

Place of the transaction

Outside a trading venue

 

 


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

Top of Page