Director/PDMR Shareholding

RNS Number : 0354F

Royal Mail PLC

22 July 2016

 

22 July 2016

Royal Mail plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ("PDMRs") and persons closely associated with them

On 21 July 2016 (the "Grant Date"), the Persons Discharging Managerial Responsibilities ("PDMRs") listed below were granted conditional Share Awards over ordinary shares in Royal Mail plc under the Royal Mail Long Term Incentive Plan 2016 (the "LTIP 2016"), as set out below:

Number of shares awarded under the Royal Mail LTIP 2016

PDMRs	No of Shares
MS MOYA GREENE	107,800
MR MATTHEW LESTER	93,474
MR JOHN AGAR	45,162
MR JACK BERTRAM	59,036
MS MAAIKE DE BIE	59,036
MR STEPHEN CAMERON	48,193
MR DEREK FOSTER	27,550
MR MICHAEL JEAVONS	48,213
MR NICHOLAS LANDON	49,197
MR JONATHAN MILLIDGE	64,448
MR MICHAEL NEWNHAM	61,004
MR SHANE O'RIORDAIN	68,875
MR GARY SIMPSON	46,245
MR STUART SIMPSON	48,213
MS SUSAN WHALLEY	70,843

The Share Awards will normally vest under the LTIP on the third anniversary of the Grant Date, subject to the participant continuing to hold office or employment within the Royal Mail Group, and then be subject to a two year holding period.  The vesting will be determined on the achievement of Total Shareholder Return (TSR) condition measured over the three year period. If median performance is achieved against the FTSE 100 (excluding mining and financial companies) then 50 per cent of the total number of shares held under the award will vest. All the shares will vest if Royal Mail's TSR performance is at 75^th percentile or better.

In addition, a conditional share award over 69,830 ordinary shares in Royal Mail plc was also made on the Grant Date to Rico Back under the GLS Long Term Incentive Plan.  This share award will normally vest on the third anniversary of the Grant Date, subject to Rico Back continuing to hold office or employment within the Royal Mail Group.

Number of shares awarded under the GLS LTIP 2016

PDMR	No of Shares
MR RICO BACK	69,830

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

The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Moya Greene
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 107,800
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Lester
2	Reason for the notification
a)	Position/status	Chief Finance Officer
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 93,474
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Agar
2	Reason for the notification
a)	Position/status	Managing Director Consumer & Network Access
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 45,162
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jack Bertram
2	Reason for the notification
a)	Position/status	Managing Director Strategy, Pricing and Growth
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 59,036
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Maaike de Bie
2	Reason for the notification
a)	Position/status	General Counsel
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 59,036
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Cameron
2	Reason for the notification
a)	Position/status	Deputy Chief Operations Officer
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 48,193
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Derek Foster
2	Reason for the notification
a)	Position/status	Director of Internal Audit and Risk
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 27,550
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Jeavons
2	Reason for the notification
a)	Position/status	Chief of Staff
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 48,213
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicholas Landon
2	Reason for the notification
a)	Position/status	Managing Director Royal Mail Parcels
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 49,197
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Millidge
2	Reason for the notification
a)	Position/status	Group HR Director
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 64,448
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Newnham
2	Reason for the notification
a)	Position/status	Chief Customer Officer
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 61,004
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Shane O'Riordain
2	Reason for the notification
a)	Position/status	Managing Director Communications & Regulation
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 68,875
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gary Simpson
2	Reason for the notification
a)	Position/status	Managing Director Parcelforce Worldwide & Deputy Chief Customer Officer
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 46,245
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Simpson
2	Reason for the notification
a)	Position/status	Director of Group Finance
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 48,213
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Susan Whalley
2	Reason for the notification
a)	Position/status	Chief Operations Officer
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 70,843
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rico Back
2	Reason for the notification
a)	Position/status	Chief Executive Officer, GLS
b)	Initial notification /Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	Non-Applicable
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)	Description of the financial instrument, type of instrument Identification code	Share Options over Ordinary Shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	Grant of Ordinary Shares pursuant to an exercise of options under 2016 GLS Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 69,830
d)	Aggregated information - Aggregated volume - Price	Non-Applicable - Single Transaction
e)	Date of the transaction	21 July 2016
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

Contacts:

Company Secretariat

Kulbinder Dosanjh

Phone: [phone]  

Email: [e-mail]

Media

Beth Longcroft
Phone: [phone]

Mobile: [phone]
Email: [e-mail]

Royal Mail press office out of hours: 020 3338 1007

Investor Relations

Catherine Nash

Phone: [phone]

Email: [e-mail]

 

END

 

 

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