30th Jul 2019 14:24
30 July 2019
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC ("the Company")
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
DEFERRED EQUITY PLAN - VESTING OF AWARDS
The Company announces that a tranche of the conditional share awards granted under the Company's Deferred Equity Plan ("DEP") to the PDMRs set out in the table below, vested on 29 July 2019 at a price of 270 pence per share.
Pursuant to the vesting, the PDMRs instructed Apex Financial Services (Trust Company) Limited ("Apex"), as the trustee of the River and Mercantile Group Employee Benefit Trust (the "EBT") as follows:
PDMR | Instruction to Apex as trustee of the EBT |
Frances Fahey | To sell all the shares that vested, and to transfer the cash proceeds to the Company, who will subsequently transfer the cash proceeds to the PDMR. Any income tax and national insurance liabilities will be paid by the PDMR. |
Sean Breslin | To sell a proportion of the shares that vested in order to satisfy their income tax and national insurance liabilities immediately arising on vesting, and to transfer the balance of shares into the PDMR's name. |
The table below sets out the shares that vested on 29 July 2019, the number of shares sold, and the beneficial holdings in the Company of the PDMRs following the vesting and sale:
PDMR | Number of Awards Vesting | Number of shares sold by the EBT | Number of shares retained by PDMR | Total Shareholding | Holding % of Issued Share Capital |
Frances Fahey | 347 | 347 | 0 | 0 | 0% |
Sean Breslin | 14,750 | 6,933 | 7,817 | 7,817 | 0.009% |
Formal notification in respect of the PDMRs is below.
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Sally Buckmaster, Senior Legal Counsel and Group Company Secretary
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
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Frances Fahey | |||||||||||||||
2
| Reason for the notification
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a)
| Position/status
| Group Chief Operating Officer | |||||||||||||||
b)
| Initial notification /Amendment
| Initial notification | |||||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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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
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of £0.003 pence each | |||||||||||||||
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Identification code | GB00BLZH7X42 | ||||||||||||||||
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b)
| Nature of the transaction
| 1. Vesting of share awards under the River and Mercantile Group PLC Deferred Equity Plan; and 2. Sale of the vested shares. | |||||||||||||||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 1. | 0 pence | 347 |
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| 2. | 270 pence | 347 |
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d)
| Aggregated information |
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 29 July 2019 | |||||||||||||||
f)
| Place of the transaction
| London Stock Exchange | |||||||||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||||||||||||
a)
| Name
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Sean Breslin | |||||||||||||||
2
| Reason for the notification
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a)
| Position/status
| Group General Counsel and Head of Compliance | |||||||||||||||
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 | |||||||||||||||
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Identification code | GB00BLZH7X42 | ||||||||||||||||
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b)
| Nature of the transaction
| 1. Vesting of share awards under the River and Mercantile Group PLC Deferred Equity Plan; and 2. Sale of a proportion of the vested shares to satisfy tax and national insurance liabilities. | |||||||||||||||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 1. | 0 pence | 14,750 |
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| 2. | 270 pence | 6,933 |
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d)
| Aggregated information |
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 29 July 2019 | |||||||||||||||
f)
| Place of the transaction
| London Stock Exchange | |||||||||||||||
Related Shares:
RIV.L