Director/PDMR Shareholding

RNS Number : 4230R

Royal Mail PLC

29 June 2020

 

Royal Mail plc

(Incorporated in England and Wales)

Company Number: 8680755

LSE Share Code: RMG

ISIN:  GB00BDVZYZ77

LEI: 213800TCZZU84G8Z2M70

29 June 2020

Royal Mail plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

Deferred Share Bonus Plan (DSBP 2017) Vesting

On 26 June 2020, the shares vested under the Royal Mail plc (the "Company") DSBP 2017. The Persons Discharging Managerial Responsibility ('PDMRs') listed below received the total number of shares shown.

PDMRs	No of Shares
Stuart Simpson	41,178
Mick Jeavons	41,178

Executive Directors (such as Stuart Simpson) are expected to retain any share-based awards until they achieve a shareholding equivalent of 200 per cent of salary.  All other PDMRs are required to retain a shareholding equivalent of 100 per cent of salary.

The attached notifications, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation, give further detail.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Simpson
2	Reason for the notification
a)	Position/status	Interim Chief Executive Officer of Royal Mail
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	213800TC22U84G8Z2M70
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	Ordinary shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	1. Vesting of 41,178 shares from the 2017 Deferred Share Bonus Plan. 2. Subsequent sale of 19,354 shares to cover the tax and NI liability, with 21,824 shares retained.
c)	Price(s) and volume(s)	1. Exercise Price(s) Volume(s) Nil Cost 41,178 2. Sale Price(s) Volume(s) £1.5750 per ordinary share 19,354
d)	Aggregated information - Aggregated volume - Price	1. Exercise Price(s) Volume(s) Total Nil Cost 41,178 0.00 2. Sale Price(s) Volume(s) Total £1.5750 per ordinary share 19,354 £30,482.55
e)	Date of the transaction	26 June 2020
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mick Jeavons
2	Reason for the notification
a)	Position/status	Interim Group Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Royal Mail plc
b)	LEI	213800TC22U84G8Z2M70
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	Ordinary shares of 0.01 pence each in Royal Mail plc GB00BDVZYZ77
b)	Nature of the transaction	1. Vesting of 41,178 shares from the 2017 Deferred Share Bonus Plan. 2. Subsequent sale of 19,354 shares to cover the tax and NI liability, with 21,824 shares retained.
c)	Price(s) and volume(s)	1. Exercise Price(s) Volume(s) Nil Cost 41,178 2. Sale Price(s) Volume(s) £1.5750 per ordinary share 19,354
d)	Aggregated information - Aggregated volume - Price	1. Exercise Price(s) Volume(s) Total Nil Cost 41,178 0.00 2. Sale Price(s) Volume(s) Total £1.5750 per ordinary share 19,354 £30,482.55
e)	Date of the transaction	26 June 2020
f)	Place of the transaction	London Stock Exchange (XLON)

For more information, please contact:

Investor Relations

John Crosse

Phone: [phone]

Email: [e-mail]  

Media Relations  

Mark Street

Phone: [phone]

Email: [e-mail]

Royal Mail press office out of hours: 020 7449 8246

Company Secretary

Mark Amsden

Phone: [phone]

Email:   [e-mail]    

 

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