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
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Mish Tullar

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Royal Mail press office out of hours: 020 3338 1007

Investor Relations
Catherine Nash
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