Director/PDMR Shareholding

RNS Number : 4035N

Royal Mail PLC

25 July 2014

 



Royal Mail plc

25 July 2014

2014 Long Term Incentive Plan

On 24 July 2014 (the "Grant Date") Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") were granted conditional Share Awards over ordinary shares in the Company under the Royal Mail Long Term Incentive Plan (the "LTIP "), as set out below:

Number of shares awarded

Executive Directors	No of Shares
MR MATTHEW LESTER	98,797
MS MOYA GREENE	108,357

PDMRs	No of Shares
MR JONATHAN MILLIDGE	69,626
MS SUSAN WHALLEY	72,890
MR GARY SIMPSON	42,428
MR MICHAEL NEWNHAM	67,451
MR JOHN AGAR	48,956
MR NICHOLAS LANDON	37,859
MS EMILY PANG	55,484
MR SHANE O'RIORDAIN	76,154
MR STUART SIMPSON	51,132
MR NEIL HARNBY	65,275
MR DEREK FOSTER	28,280
MRS CATHERINE DORAN	62,011
MR RICO BACK	71,940

The Share Awards will normally vest and become exercisable under the LTIP on the third anniversary of the Grant Date, subject to the participant continuing to hold an office or employment within the Group and the achievement of three independent performance conditions measured over the three year period:

1. Earnings Per Share (EPS): applies to 50 per cent of the total number of shares held under the award,

2. Margin Growth: applies to 35 per cent of the total number of shares held under the award,

3. Total Shareholder Return (TSR): applies to 15 per cent of the total number of shares held under the award.

 No consideration was paid for the grant of the Share Awards.

This announcement is made in accordance with the requirements of DTR 3.1.4R.

Media
Beth Longcroft
Phone: [phone]
Email: [e-mail]

Royal Mail press office out of hours: 020 3338 1007

Investor Relations
Catherine Nash
Phone: [phone]
Email: [e-mail]

 

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