Director/PDMR Shareholding

RNS Number : 3364T

Royal Mail PLC

02 October 2014

 



2 October 2014

Royal Mail plc

Savings-Related Share Option Scheme 2014 (SAYE 2014)

Royal Mail plc (the 'Company') announces that options over the Company's ordinary shares of 1 pence each were granted in London on 1 October 2014 under SAYE 2014 to Executive Directors and Persons Discharging Managerial Responsibilities ('PDMRs'), as detailed below:

Executive Directors	Number of options granted
Moya Greene	590
Matthew Lester	590

PDMRs	Number of options granted
Stephen Agar	590
Catherine Doran	590
Neil Harnby	590
Nick Landon	590
Jon Millidge	590
Mike Newnham	590
Shane O'Riordain	590
Emily Pang	590
Gary Simpson	590
Stuart Simpson	590
Sue Whalley	590

Executive Directors and PDMRs were able to participate in SAYE 2014 on exactly the same terms as all eligible employees.

The option price is 360 pence per share. This represents the maximum possible discount under HM Revenue & Customs rules of 20 per cent to the average mid-market closing prices of the Company's shares taken from the Daily Official List of the London Stock Exchange on 27, 28 and 29 August 2014.

No consideration was paid for the grant of the options.

The related savings contracts will commence on 1 December 2014 and the options will become exercisable from 1 December 2017.

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

For more information contact:

Company Secretariat

Kulbinder Dosanjh

Phone: [phone]  

Email: [e-mail]

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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