Director/PDMR Shareholding

RNS Number : 0758U
Royal Mail PLC
24 July 2015
 



Royal Mail plc

 

24 July 2015

 

2015 Long Term Incentive Plan Awards

 

On 23 July 2015 (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 Group Long Term Incentive Plan (the "LTIP "), as set out below:

 

Number of shares awarded

 

Executive Directors

No of Shares

MS MOYA GREENE

105,057

MR MATTHEW LESTER

87,080

 

 

PDMRs

No of Shares

MR JOHN AGAR

44,013

MRS CATHERINE DORAN

55,750

MR DEREK FOSTER

26,849

MR MICK JEAVONS

46,986

MR NICHOLAS LANDON

40,273

MR JONATHAN MILLIDGE

61,369

MR MICHAEL NEWNHAM

59,452

MR SHANE O'RIORDAIN

67,123

MR GARY SIMPSON

41,232

MR STUART SIMPSON

46,986

MS SUSAN WHALLEY

62,246

 

The LTIP award is a conditional grant of shares, which only vests and becomes exercisable 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, stretching, 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.

Operating profit margin before transformation costs: applies to 35 per cent of the total number of shares held under the award,

3.

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

 

In addition, Mr Rico Back has also been granted a Conditional Share Award over 56,788 shares under the GLS Long Term Incentive Plan.  His Share Award will normally vest on the third anniversary of the Grant Date subject to continuing employment and the achievement of GLS EBIT related Performance Conditions.*

 

 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.

 

* It should be noted that Mr Back's 2014 Award, announced on 25 July 2014, was also granted under the GLS Long Term Incentive Plan and not under the Royal Mail Long Term Incentive Plan as originally disclosed.

 

Media
Beth Longcroft
Phone: 07436 768 549
Email:
beth.longcroft@royalmail.com

 

Mish Tullar

Phone: 07423 524 154

Email: mish.tullar@royalmail.com 

Royal Mail press office out of hours: 020 3338 1007

 

Investor Relations
Catherine Nash
Phone: 020 7449 8183
Email: investorrelations@royalmail.com

 


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