29th Nov 2005 16:52
RM PLC29 November 2005 29 November 2005 RM plc Notification of Directors' Interests RM plc, the UK's leading supplier of ICT and services to education, todaynotifies shareholders of changes in Executive Directors' interests following thepurchase of shares using bonuses awarded and compulsorily deferred into RMshares under the RM plc Deferred Bonus Plan 2005 ("DBP") and the same dayrelease and sale of matching shares awarded under the RM plc Co-Investment Plan("CIP"). In respect of ordinary shares invested in the CIP in March 2003, the plan hasmatched shares at 2.88:1 as a result of strong EPS growth and TSR results overthe last three years. All of these shares vested yesterday and therefore, asexpected, Executive Directors are realising some or all of their benefits inaccordance with the terms, and at the times, set out in the CIP. Accordingly,Tim Pearson (CEO), Mike Greig (Group Finance Director) and Rob Sirs (ChiefOperating Officer) have today disclosed that the trustee of the RM plc EmployeeShare Trust has sold some or all of their holdings in the CIP matched shares ata price of 155p per share. At the same time, all three Executive Directors haveused 40% of their 2005 bonuses to enable the trustee to purchase ordinary sharesunder the DBP at a price of 155p per share. These shares will be held in trustfor 3 years and will be subject to the rules of the DBP. As a result of these transactions each Executive Director has increased hisshareholding. The table below sets out, for each Executive Director, the number of matchedshares under the CIP (1), the total number of CIP shares sold (2), the number ofDBP shares purchased (3), their total shareholdings before these transactions(4), their total shareholdings after these transactions including DBP shares (5)and their total shareholdings as a percentage of issued share capital afterthese transactions including DBP shares (6). Executive No. of Total No. of DBP Shares Prior Total Current Current TotalDirector Matched CIP Shares Purchased (3) Shares (4) Total Shares Shares as % Shares for Sold (2) (5) of issued 2003 (1) share capital (6)Tim Pearson 156,093 156,093 30,271 101,701 131,972 0.145Mike Greig 106,750 43,877 20,946 96,058 179,877 0.198Rob Sirs 112,268 46,146 21,438 101,561 189,121 0.208 The total shareholdings as a percentage of issued share capital after thesetransactions excluding DBP shares were, for each Executive Director: Tim Pearson0.112%, Mike Greig 0.175% and Rob Sirs 0.185%. Notes to Editors: The RM plc Co-Investment Plan was approved by shareholders in January 2003. The RM plc Deferred Bonus Plan 2005 was approved by shareholders in January2005. For further information contact: Phil Hemmings/Eric Hollinrake 08709 200200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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