Royal Mail PLC Director/PDMR Shareholding (0758U)

TIDMRMG

RNS Number : 0758U

Royal Mail PLC

24 July 2015

Royal Mail plc

24 July 2015

2015 Long Term Incentive Plan Awards

On 23 July 2015 (the "Grant Date") Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") were granted conditional Share Awards over ordinary shares in the Company under the Royal Mail Group Long Term Incentive Plan (the "LTIP "), as set out below:

Number of shares awarded

 
 Executive Directors   No of Shares 
    MS MOYA GREENE       105,057 
                       ------------ 
  MR MATTHEW LESTER       87,080 
                       ------------ 
 
 
         PDMRs          No of Shares 
     MR JOHN AGAR          44,013 
                        ------------ 
  MRS CATHERINE DORAN      55,750 
                        ------------ 
    MR DEREK FOSTER        26,849 
                        ------------ 
    MR MICK JEAVONS        46,986 
                        ------------ 
  MR NICHOLAS LANDON       40,273 
                        ------------ 
 MR JONATHAN MILLIDGE      61,369 
                        ------------ 
  MR MICHAEL NEWNHAM       59,452 
                        ------------ 
  MR SHANE O'RIORDAIN      67,123 
                        ------------ 
    MR GARY SIMPSON        41,232 
                        ------------ 
   MR STUART SIMPSON       46,986 
                        ------------ 
   MS SUSAN WHALLEY        62,246 
                        ------------ 
 

The LTIP award is a conditional grant of shares, which only vests and becomes exercisable on the third anniversary of the Grant Date, subject to the participant continuing to hold an office or employment within the Group and the achievement of three, stretching, independent performance conditions measured over the three year period:

 
 1.   Earnings Per Share (EPS): applies to 50 per cent of the 
       total number of shares held under the award, 
 2.   Operating profit margin before transformation costs: applies 
       to 35 per cent of the total number of shares held under 
       the award, 
 3.   Total Shareholder Return (TSR) vs a comparator group: 
       applies to 15 per cent of the total number of shares held 
       under the award. 
 

In addition, Mr Rico Back has also been granted a Conditional Share Award over 56,788 shares under the GLS Long Term Incentive Plan. His Share Award will normally vest on the third anniversary of the Grant Date subject to continuing employment and the achievement of GLS EBIT related Performance Conditions.*

No consideration was paid for the grant of the Share Awards.

This announcement is made in accordance with the requirements of DTR 3.1.4R.

* It should be noted that Mr Back's 2014 Award, announced on 25 July 2014, was also granted under the GLS Long Term Incentive Plan and not under the Royal Mail Long Term Incentive Plan as originally disclosed.

Media

Beth Longcroft

Phone: [phone]

Email: [e-mail]

Mish Tullar

Phone: [phone]

Email: [e-mail]

Royal Mail press office out of hours: 020 3338 1007

Investor Relations

Catherine Nash

Phone: [phone]

Email: [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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