28th Oct 2016 07:00
28 October 2016
River and Mercantile Group PLC (the 'Company')
NOTIFICATION OF TRANSACTION BY DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Grant of awards under the River and Mercantile Group PLC Performance Share Plan
The Company announces that on 25 October 2016 Mike Faulkner, Chief Executive Officer, and James John Berry, Director, were granted conditional awards of River and Mercantile Group PLC Ordinary Shares under the River and Mercantile Group PLC Performance Share Plan ("PSP") at a grant price of 221p per share.
Director/PDMR
| Number of Shares |
Mike Faulkner | 174,202 |
James John Berry | 90,495 |
The conditional awards of shares will vest on 30 June 2019, subject to an extension period of two years until 30 June 2021 and is dependent upon the satisfaction of specified performance criteria and other terms in accordance with the rules of the PSP.
The attached notifications, made in accordance with requirements of the EU Market Abuse Regulation, give further detail of the awards.
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Kevin Hayes, Chief Financial Officer
Annex DTR3
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters.
1. | Name of the issuer
RIVER AND MERCANTILE GROUP PLC | 2. | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R; (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act 2006
(i) |
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3. | Name of person discharging managerial responsibilities/director
JAMES JOHN BERRY | 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A |
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5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1
HOLDING IN RESPECT OF (3) ABOVE | 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF £0.003P EACH |
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7. | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
JAMES JOHN BERRY
| 8. | State the nature of the transaction
CONDITIONAL AWARD OF SHARES PURSUANT TO THE RIVER AND MERCANTILE GROUP PLC PERFORMANCE SHARE PLAN. THE AWARD IS HELD FOR A PERIOD OF THREE YEARS, SUBJECT TO AN EXTENSION PERIOD OF TWO YEARS. THE AWARD VESTS DEPENDENT UPON THE SATISFACTION OF SPECIFIED PERFORMANCE CRITERIA AND OTHER TERMS IN ACCORDANCE WITH THE RULES OF THE PLAN |
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9. | Number of shares, debentures or financial instruments relating to shares acquired
90,495 | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.11% |
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11. | Number of shares, debentures or financial instruments relating to shares disposed
N/A | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A |
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13. | Price per share or value of transaction
221p | 14. | Date and place of transaction 25 OCTOBER 2016. LONDON UK |
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15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 2,210,619; 2.69% IF AWARD VESTS (BASED ON CURRENT HOLDING) 2,301,114; 2.80% | 16. | Date issuer informed of transaction 25 OCTOBER 2016
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If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. | Date of grant
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19. | Total amount paid (if any) for grant of the option | 20. | Description of shares or debentures involved (class and number)
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21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
| 22. | Total number of shares or debentures over which options held following notification
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23. | Any additional information
| 24. | Name of contact and telephone number for queries
KEVIN JAMES PATRICK HAYES
RIVER AND MERCANTILE GROUP PLC SWITCHBOARD TEL: 020 3327 5100
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Name of authorised official of issuer responsible for making notification
KEVIN HAYES
Date of notification 28 October 2016
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Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.
(1) | An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
(2) | An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
(3) | An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
(4) | An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Annex DTR3
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters.
1. | Name of the issuer
RIVER AND MERCANTILE GROUP PLC | 2. | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R; (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act 2006
(i) |
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3. | Name of person discharging managerial responsibilities/director
MICHAEL FAULKNER | 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A |
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5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1
HOLDING IN RESPECT OF (3) ABOVE | 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares
ORDINARY SHARES OF £0.003P EACH |
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7. | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
MICHAEL FAULKNER | 8. | State the nature of the transaction
CONDITIONAL AWARD OF SHARES PURSUANT TO THE RIVER AND MERCANTILE GROUP PLC PERFORMANCE SHARE PLAN. THE AWARD IS HELD FOR A PERIOD OF THREE YEARS, SUBJECT TO AN EXTENSION PERIOD OF TWO YEARS. THE AWARD VESTS DEPENDENT UPON THE SATISFACTION OF SPECIFIED PERFORMANCE CRITERIA AND OTHER TERMS IN ACCORDANCE WITH THE RULES OF THE PLAN |
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9. | Number of shares, debentures or financial instruments relating to shares acquired
174,202 | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.21% |
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11. | Number of shares, debentures or financial instruments relating to shares disposed
N/A | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A |
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13. | Price per share or value of transaction
221.0085p | 14. | Date and place of transaction 25 OCTOBER 2016. LONDON UK |
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15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 3,706,823; 4.52% IF AWARD VESTS (BASED ON CURRENT HOLDING) 3,881,025; 4.73% | 16. | Date issuer informed of transaction 25 OCTOBER 2016
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If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. | Date of grant
| 18. | Period during which or date on which exercisable
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19. | Total amount paid (if any) for grant of the option | 20. | Description of shares or debentures involved (class and number)
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21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
| 22. | Total number of shares or debentures over which options held following notification
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23. | Any additional information
| 24. | Name of contact and telephone number for queries
KEVIN JAMES PATRICK HAYES
RIVER AND MERCANTILE GROUP PLC SWITCHBOARD TEL: 020 3327 5100
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Name of authorised official of issuer responsible for making notification
KEVIN HAYES
Date of notification 28 October 2016
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Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.
(1) | An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
(2) | An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
(3) | An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
(4) | An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Related Shares:
RIV.L