5th Jun 2013 16:05
UK Mail Group plc (the "Company")
Director/PDMR Shareholding
5 June 2013
UK Mail Group plc announces that the under-mentioned directors and other persons discharging managerial responsibility, ("PDMRs") have received shares under the terms of the UK Mail Group plc Long-Term Incentive Plan ("LTIP").
The shares vested on 28 May 2013 for nil consideration pursuant to a conditional award originally made on 26 May 2010. The disposals referred to below were solely undertaken to cover tax liabilities and costs relating to the transaction. All of the disposals below were made on 3 June 2013 at £5.10 per share.
Individual | Director or PDMR | Total vested shares | Shares sold | Shares retained | Total shares held after event | % of share capital |
Guy Buswell | Director | 11,423 | 5,327 | 6,096 | 325,612 | 0.59% |
Steven Glew | Director | 8,106 | 3,780 | 4,326 | 121,263 | 0.22% |
Carl Moore | PDMR | 2,571 | 1,198 | 1,373 | 10,410 | 0.02% |
Steve Patrick | PDMR | 2,571 | 1,198 | 1,373 | 12,559 | 0.02% |
The award was satisfied by 51,100 shares released from the UK Mail Group Employee Share Ownership Trust ("ESOT"). The ESOT subsequently repurchased 31,811 shares at £5.10 per share. Following these transactions the ESOT holds 36,204 shares equivalent to 0.07% of the issued share capital. UK Mail Group's issued share capital is 54,734,482 ordinary 10p shares.
On 4 June 2013 the following directors and PDMRs were granted options ("Options") under the LTIP to acquire ordinary shares of £0.10 each in the Company for nil consideration as follows:
Individual | Director or PDMR | Number of shares subject to Options |
Guy Buswell | Director | 58,260 |
Steven Glew | Director | 41,345 |
Carl Moore | PDMR | 20,619 |
Steve Patrick | PDMR | 20,619 |
Tony Smollett | PDMR | 20,619 |
The options will ordinarily vest on the third anniversary of grant subject to the grantee's continued employment and the satisfaction of performance conditions assessing the Company's earnings per share growth and the Company's total shareholder return relative to a comparator group comprising the constituent companies of the FTSE All Share Index (excluding investment trusts). No consideration was paid for the grant of options.
The Company was informed of the above transactions on 5 June 2013.
For and on behalf of UK Mail Group plc
Steven Glew
About UK Mail
UK Mail is the leading independent parcel, mail and logistics services company within the UK and one of the main alternatives to Royal Mail for business mail requirements. UK Mail offers customers a full range of time-sensitive and secure delivery options for letters, packets, parcels and pallets. More information is available at www.ukmail.com.
Related Shares:
UKM.L