24th Jul 2017 17:45
RPC Group Plc
DIRECTOR/PDMR SHAREHOLDING
RPC Group Plc announces that Pim Vervaat and Simon Kesterton, both being directors and persons discharging managerial responsibilities ('Directors') as detailed below, have exercised awards over ordinary shares in the Company ('Ordinary Shares') in accordance with the terms of the RPC Group Plc Deferred Bonus Plan (the 'DBP') and the RPC Group Plc Performance Share Plan (the 'PSP')
Awards over shares in the DBP and PSP vested on 4 June 2017 and 16 July 2017 respectively and were exercised for nil consideration by the Directors on 24 July 2017.
The exercise of the awards was satisfied out of the Ordinary Shares held in the RPC Group Plc Employee Share Ownership Trust.
On the same date, 24 July 2017, Pim Vervaat and Simon Kesterton disposed of a sufficient number of Ordinary Shares at £8.8575 per share, to meet their respective tax liabilities associated with the exercise of the awards. The balance of the shares received and the resulting holdings of the Directors following these exercises is set out below.
Pim Vervaat and Simon Kesterton's total shareholdings of 373,864 and 118,281 equate to a holding of 455% and 268% of salary respectively.
Since January 2017 Mr Vervaat's holding has increased from 250,000 to 373,864 shares and Mr Kesterton's holding has increased from 36,079 to 118,281 shares.
Director | Ordinary Shares exercised under DBP | Ordinary Shares exercised under PSP | Total Ordinary Shares exercised | Ordinary Shares sold for taxes | Total Ordinary Shares held | % of Ordinary Share Capital
|
Pim Vervaat | 48,422 | 124,193 | 172,615 | 83,751 | 373,864 | 0.09% |
Simon Kesterton | 32,733 | 86,483 | 119,216 | 56,033 | 118,281 | 0.02% |
In accordance with its obligations and disclosure requirements (DTR 3.1.2 and Article 19 of the Market Abuse Regulation), the Company makes the following disclosure:
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name | PIM VERVAAT
| |||||
2 | Reason for the notification | ||||||
a) | Position/Status | Chief Executive
| |||||
b) | Initial notification/amendment | Initial notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | RPC Group Plc
| |||||
b) | LEI | 213800RASBUP2MGA8H34
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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 and identification code | Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan | |||||
b) | Nature of the transaction | Exercise of nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan | |||||
c) | Price(s) and volume (s) |
| |||||
d) | Aggregated information | Price: Nil-cost
Volume: 48,422
| |||||
e) | Date of the transaction
| 24 July 2017 | |||||
f) | Place of the transaction | Outside a trading venue | |||||
a) | Description of the financial instrument, type of instrument and identification code | Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan
| ||||
b) | Nature of the transaction | Sale of ordinary shares following exercise of nil-cost option under the Deferred Bonus Plan to meet tax liabilities | ||||
c) | Price(s) and volume (s) |
| ||||
d) | Aggregated information | Price: £8.8575
Volume: 23,480
| ||||
e) | Date of the transaction
| 24 July 2017 | ||||
f) | Place of the transaction
| Outside a trading venue |
a) | Description of the financial instrument, type of instrument and identification code | Nil-cost option to acquire ordinary shares of 5p under the Performance Share Plan 2008
| ||||
b) | Nature of the transaction | Exercise of nil-cost option to acquire ordinary shares of 5p under the Performance Share Plan 2008
| ||||
c) | Price(s) and volume (s) |
| ||||
d) | Aggregated information | Price: Nil-cost
Volume: 124,193
| ||||
e) | Date of the transaction
| 24 July 2017 | ||||
f) | Place of the transaction
| Outside a trading venue |
a) | Description of the financial instrument, type of instrument and identification code | Nil-cost option to acquire ordinary shares of 5p under the Performance Share Plan 2008
| ||||
b) | Nature of the transaction | Sale of ordinary shares following exercise of nil-cost option under the Performance Share Plan 2008 to meet tax liabilities
| ||||
c) | Price(s) and volume (s) |
| ||||
d) | Aggregated information | Price: £8.8575
Volume: 60,271
| ||||
e) | Date of the transaction
| 24 July 2017 | ||||
f) | Place of the transaction
| Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name | SIMON KESTERTON | |||||
2 | Reason for the notification | ||||||
a) | Position/Status | CFO | |||||
b) | Initial notification/amendment | Initial notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name | RPC Group Plc
| |||||
b) | LEI | 213800RASBUP2MGA8H34
| |||||
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 and identification code | Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan
| |||||
b) | Nature of the transaction | Exercise of nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan
| |||||
c) | Price(s) and volume (s) |
| |||||
d) | Aggregated information | Price: Nil-cost
Volume: 32,733
| |||||
e) | Date of the transaction
| 24 July 2017 | |||||
f) | Place of the transaction
| Outside a trading venue | |||||
a) | Description of the financial instrument, type of instrument and identification code | Nil-cost option to acquire ordinary shares of 5p under the Deferred Bonus Plan
| ||||
b) | Nature of the transaction | Sale of ordinary shares following exercise of nil-cost option under the Deferred Bonus Plan to meet tax liabilities | ||||
c) | Price(s) and volume (s) |
| ||||
d) | Aggregated information | Price: £8.8575
Volume: 15,385
| ||||
e) | Date of the transaction
| 24 July 2017 | ||||
f) | Place of the transaction
| Outside a trading venue |
a) | Description of the financial instrument, type of instrument and identification code | Nil-cost option to acquire ordinary shares of 5p under the Performance Share Plan 2008 | ||||
b) | Nature of the transaction | Exercise of nil-cost option to acquire ordinary shares of 5p under the Performance Share Plan 2008 | ||||
c) | Price(s) and volume (s) |
| ||||
d) | Aggregated information | Price: Nil-cost
Volume: 86,483
| ||||
e) | Date of the transaction
| 24 July 2017 | ||||
f) | Place of the transaction
| Outside a trading venue |
a) | Description of the financial instrument, type of instrument and identification code | Nil-cost option to acquire ordinary shares of 5p under the Performance Share Plan 2008 | ||||
b) | Nature of the transaction | Sale of ordinary shares following exercise of nil-cost option under the Performance Share Plan 2008 to meet tax liabilities | ||||
c) | Price(s) and volume (s) |
| ||||
d) | Aggregated information | Price: £8.8575
Volume: 40,648
| ||||
e) | Date of the transaction
| 24 July 2017 | ||||
f) | Place of the transaction
| Outside a trading venue |
Enquiries:
Nick Giles
Company Secretary
Tel: +44 (0) 1933 410064
Related Shares:
Rpc Group