28th Mar 2022 15:26
28 March 2022
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC (the "Company")
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
VALUE TRANSFORMATION PLAN
GRANT OF OPTIONS AND EXERCISE OF OPTIONS
The Company announces that on 25 March 2022 Simon Wilson, CFO and PDMR, was granted an award of nil-cost options over 415,232 ordinary shares in the Company of £0.003 pence each ('Shares') and a cash award of £1,107,496 pursuant to the rules of the River and Mercantile Value Transformation Plan (the 'VTP').
The VTP was approved by the Company's shareholders at its AGM held on 14 December 2020. Full details of the VTP were set out in the Company's Notice of Annual General Meeting (available on the Company's website at https://www.riverandmercantile.com). As previously announced, the Remuneration Committee determined that the completion of sale of the Company's UK Solutions business to Schroders be treated as a corporate action in accordance with the rules of the VTP.
The Company further announces that on 25 March 2022 Simon Wilson exercised his options over the 415,232 Shares granted to him pursuant to the VTP.
Formal notification in respect of the PDMR is set out below in accordance with the requirements of the Market Abuse Regulation.
Sally Buckmaster
Group Company Secretary
River and Mercantile Group PLC
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Simon Wilson
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial Officer - PDMR | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| River and Mercantile Group PLC | |||
b)
| LEI
| 2138005C7REHURGWHW31 | |||
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 | Ordinary shares of £0.003 pence each | |||
Identification code | GB00BLZH7X42 | ||||
b)
| Nature of the transaction
| Grant of options pursuant to the VTP. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 0.00 | 415,232 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 415,232
| ||||
- Price
| GBP 0.00 | ||||
e)
| Date of the transaction
| 25 March 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Simon Wilson
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial Officer - PDMR | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| River and Mercantile Group PLC | |||
b)
| LEI
| 2138005C7REHURGWHW31 | |||
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 | Ordinary shares of £0.003 pence each | |||
Identification code | GB00BLZH7X42 | ||||
b)
| Nature of the transaction
| Exercise of options granted pursuant to the VTP. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
GBP 0.00 | 415,232 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 415,232
| ||||
- Price
| GBP 0.00 | ||||
e)
| Date of the transaction
| 25 March 2022 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
Related Shares:
RIV.L