Director/PDMR Shareholding

International Distributions Svc PLC

30 November 2023

 

International Distributions Services plc                                  

(Incorporated in England and Wales)

Company Number: 8680755

LSE Share Code: IDS

ISIN: GB00BDVZYZ77

LEI: 213800TCZZU84G8Z2M70

30 November 2023

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

International Distributions Services plc ("IDS" or the "Company") announces that on 28 November 2023, Directors / Persons Discharging Managerial Responsibility (PDMRs) received share awards under the IDS Long-Term Incentive Plan (LTIP) (previously known as the Royal Mail LTIP).

The Company announced the grant of these conditional shares to Mark Amsden and Mick Jeavons on 27 November 2020. That announcement noted that the shares would vest after three years if and to the extent the Company performed in accordance with the performance criteria in the IDS LTIP 2020.

The IDS LTIP 2020 is referenced at page 126 of the Company's 2022-23 Annual Report and Financial Statements. Following achievement of performance conditions for the Company over the course of the last three years, Mark Amsden and Mick Jeavons received the requisite number of shares, net after payment of applicable taxes. Whilst the shares do not have a holding period, Mark and Mick are expected to retain any share-based awards until they hold shares equivalent to 100% and 200% of base salary respectively.

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Amsden
2	Reason for the notification
a)	Position/status	Group General Counsel and Company Secretary
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	International Distributions Services plc
b)	LEI	213800TCZZU84G8Z2M70
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 each in International Distributions Services plc GB00BDVZYZ77
b)	Nature of the transaction	Vesting of ordinary shares under the IDS LTIP 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 35,335
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	28 November 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mick Jeavons
2	Reason for the notification
a)	Position/status	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	International Distributions Services plc
b)	LEI	213800TCZZU84G8Z2M70
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 each in International Distributions Services plc GB00BDVZYZ77
b)	Nature of the transaction	Vesting of ordinary shares under the IDS LTIP 2020
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 45,936
d)	Aggregated information - Aggregated volume - Price	N/A N/A
e)	Date of the transaction	28 November 2023
f)	Place of the transaction	Outside a trading venue

Enquiries:

Investor Relations

John Crosse

Email: [e-mail]

Media Relations

Greg Sage

Phone: [phone]

Email: [e-mail]

Jenny Hall

Phone: [phone]

Email: [e-mail]

Royal Mail press office: [e-mail]

Company Secretary

Mark Amsden

Email: [e-mail]

 

END