Notification of Transactions of Directors/PDMRs

RNS Number : 4230B

Royal Mail PLC

06 October 2015

 

6 October 2015

Royal Mail plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

In accordance with Rule 3.1.2R of the Disclosure and Transparency Rules, Royal Mail plc (the "Company") was notified today of certain transactions by Executive Directors/Persons Discharging Managerial Responsibilities ("PDMRs") in shares of the Company.

As Eligible Employees, each of the Executive Directors and PDMRs listed below have been awarded 103 free Ordinary Shares as part of the Employee Free Shares Offer that was established under section 3 of the Postal Services Act 2011.

As was the case with the 2013 and 2014 allocations, the Executive Directors and PDMRs have been awarded the same number of free Ordinary Shares as each other full-time Eligible Employee who did not opt out of the Royal Mail Share Incentive Plan (the "Plan"). These Ordinary Shares were awarded at nil cost and will be held in trust by the trustee of the Plan. The Plan has been approved by HMRC under Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003.

In compliance with Rule 3.1.4R of the Disclosure and Transparency Rules, the Company notifies the market of details of the following transactions:

Executive Directors	Number of Shares Gifted
Ms Moya Greene	103
Mr Matthew Lester	103
PDMRs	Number of Shares Gifted
Mr John Agar	103
Mrs Maaike de Bie	103
Mrs Catherine Doran	103
Mr Derek Foster	103
Mr Neil Harnby	103
Mr Michael Jeavons	103
Mr Nicholas Landon	103
Mr Jonathan Millidge	103
Mr Michael Newnham	103
Mr Shane O'Riordain	103
Mr Gary Simpson	103
Mr Stuart Simpson	103
Ms Susan Whalley	103

These transactions took place on 5 October 2015 in London.

The Non-Executive Directors, while eligible to receive Employee Free Shares as part of the Plan, decided it would be inappropriate, as independent non-executive directors, to receive Employee Free Shares and so opted out of receiving Employee Free Shares.

Enquiries:

Royal Mail plc Company Secretary Kulbinder Dosanjh Phone: [phone] Email: [e-mail] Media Relations Beth Longcroft Phone: [phone] Email: [e-mail] Mish Tullar Mobile: [phone] Email: [e-mail] Royal Mail press office out of hours: 0203 338 1007 Investor Relations Catherine Nash Phone: [phone] Email: [e-mail]

 

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