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RELX PLC (REL)

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Tuesday 01 March, 2016

RELX PLC

Director/PDMR Shareholding

RNS Number : 6109Q
RELX PLC
01 March 2016
 

 

 

ISSUED ON BEHALF OF RELX PLC AND RELX NV

 

1 March 2016

 

 

Director/PDMR Shareholdings

 

RELX Group announces that on 29 February 2016 it received notification of the following transactions in the securities of RELX by Erik Engstrom and Nick Luff, Directors, and Ian Fraser and Henry Udow, PDMRs:

 

 

(a) RELX Group plc Bonus Investment Plan 2010 ("BIP")

 

Vesting of matching shares

 

In connection with the vesting on 26 February 2016 of the share awards granted in May 2013 under BIP, the table below shows the total numbers of shares which: (1) vested; (2) were sold on the same date to meet personal tax and social security obligations; and (3) were released to the Directors and PDMRs named below.  The shares sold to meet personal tax and social security obligations were sold to the RELX Group Employee Benefit Trust in off-market transactions at prices of £12.495 per RELX PLC ordinary share, €15.1325 per RELX NV ordinary share, $17.525 per RELX PLC ADR and $16.575 per RELX NV ADR, being the mid-market closing prices on the relevant exchanges on the date of sale.  The EBT will use the shares acquired to satisfy future vestings of share awards.

 


No. of RELX PLC ordinary shares/ADRs* vested

No. of RELX PLC ordinary shares/ADRs* sold to meet personal tax and social security obligations

No. of RELX PLC ordinary shares/ADRs* released

No. of RELX NV ordinary shares/ADRs* vested

No. of RELX NV ordinary shares/ADRs* sold to meet personal tax and social security obligations

No. of RELX NV ordinary shares/ADRs* released

Director







Erik Engstrom

-

-

-

145,200*

68,244*

76,956*








PDMR







Ian Fraser

27,837

13,084

14,753

29,236

13,741

15,495















Henry Udow

30,394

14,286

16,108

-

-

-


29,866*

14,038*

15,828*

-

-

-








 

*Denotes ADRs.  Each RELX PLC ADR represents 1 RELX PLC ordinary share.  Each RELX NV ADR represents 1 RELX NV ordinary share.

 

 



 

(b) RELX Group plc Long Term Incentive Plan ("LTIP")

 

Vesting of performance shares

 

In connection with the vesting on 26 February 2016 of the share awards granted in May 2013 under LTIP, the table below shows the total numbers of shares which: (1) vested; (2) were sold on the same date to meet personal tax and social security obligations; and (3) were released to the Directors and PDMRs named below.  The shares sold to meet personal tax and social security obligations were sold to the RELX Group Employee Benefit Trust in off-market transactions at prices of £12.495 per RELX PLC ordinary share and €15.1325 per RELX NV ordinary share, being the mid-market closing prices on the relevant exchanges on the date of sale.  The EBT will use the shares acquired to satisfy future vestings of share awards.

 


No. of RELX PLC ordinary shares vested

No. of RELX PLC ordinary shares sold to meet personal tax and social security obligations

No. of RELX PLC ordinary shares released

No. of RELX NV ordinary shares vested

No. of RELX NV ordinary shares sold to meet personal tax and social security obligations

No. of RELX NV ordinary shares released

Director







Erik Engstrom

166,873

78,431

88,442

178,474

83,883

94,951








PDMR







Ian Fraser

41,749

19,623

22,126

44,652

20,987

23,665















Henry Udow

39,072

18,364

20,708

41,788

19,641

22,147








 

(c) Vesting of performance shares

 

In connection with the vesting on 26 February 2016 of the one-off share award granted to Nick Luff in September 2014 to compensate him for the forfeiture of awards from his former employer, the table below shows the total numbers of shares which: (1) vested; (2) were sold on the same date to meet personal tax and social security obligations; and (3) were released to Mr Luff.  The shares sold to meet personal tax and social security obligations were sold to the RELX Group Employee Benefit Trust in off-market transactions at prices of £12.495 per RELX PLC ordinary share and €15.1325 per RELX NV ordinary share, being the mid-market closing prices on the relevant exchanges on the date of sale.  The EBT will use the shares acquired to satisfy future vestings of share awards.

 


No. of RELX PLC ordinary shares vested

No. of RELX PLC ordinary shares sold to meet personal tax and social security obligations

No. of RELX PLC ordinary shares released

No. of RELX NV ordinary shares vested

No. of RELX NV ordinary shares sold to meet personal tax and social security obligations

No. of RELX NV ordinary shares released

Director







Nick Luff

61,276

28,800

32,476

67,411

31,684

35,727








 

(d) RELX Group plc Share Option Scheme ("ESOS"): Exercise of Options

 

The following options to acquire RELX ordinary shares were exercised by Erik Engstrom on 29 February 2016.

 


Date of grant

No. of RELX PLC ordinary shares

No. of RELX NV ordinary shares

Option price per share

Director





Erik Engstrom

2 May 2012

198,836


£5.155


2 May 2012


214,923

€5.871






 

 

 

(e) Sale of shares

 

On 29 February 2016, Erik Engstrom and Ian Fraser sold the following securities set out below.

 


No. of RELX PLC ordinary shares/ADRs* sold

Price per RELX PLC ordinary share/ADR*

No. of RELX NV ordinary shares/ADRs* sold

Price per RELX NV ordinary share/ADR*

Director





Erik Engstrom

237,278

£12.40127

307,923

€15.0153


17,004*

$17.3606*

76,956*

$16.3627*






PDMR





Ian Fraser

36,879

£12.39

39,150

€15.0467






 

*Denotes ADRs.  Each RELX PLC ADR represents 1 RELX PLC ordinary share.  Each RELX NV ADR represents 1 RELX NV ordinary share.

 

The securities were sold at the following places: RELX PLC ordinary shares, London Stock Exchange; RELX NV ordinary shares, Amsterdam Stock Exchange; and RELX PLC ADRs and RELX NV ADRs, New York Stock Exchange.

 

 

Following these transactions, the current interests of Erik Engstrom and Nick Luff in the share capital of RELX PLC and RELX NV are:

 


No. of RELX PLC ordinary shares

No. of RELX NV ordinary shares

Director



Erik Engstrom

160,036

803,742

Nick Luff

100,010

108,960

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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