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RIV River And Mercantile Group Plc

49.40
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
River And Mercantile Group Plc LSE:RIV London Ordinary Share GB00BLZH7X42 ORD GBP0.003
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 49.40 50.00 51.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

River and Mercantile Group PLC Director/PDMR Shareholding (5857N)

09/08/2017 6:22pm

UK Regulatory


River And Mercantile (LSE:RIV)
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TIDMRIV

RNS Number : 5857N

River and Mercantile Group PLC

09 August 2017

9 August 2017

LEI: 2138005C7REHURGWHW31

River and Mercantile Group PLC ("the Company")

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") - CORRECTION

PERFORMANCE SHARE PLAN

VESTING AWARDS

The following amendments have been made to the notification of transactions of persons discharging managerial responsibilities ("PDMRs") announcement released on 8 August 2017 at 07:00 hours under RNS No. 2923N.

The amendments are identified with an asterisk (*) below. All other details remain unchanged.

The full amended text is also shown below.

For further information please contact:

River and Mercantile Group PLC +44 (0)20 3327 5100

Sally Buckmaster, Senior Counsel and Company Secretary

Chris Rutt, Deputy Chief Financial Officer and Investor Relations

8 August 2017

Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs")

Performance Share Plan Vesting Awards

Pursuant to the vesting, each recipient instructed Heritage Corporate Trustees Limited as the trustee of the River and Mercantile Group Employee Benefits Trust (the 'EBT') 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 their name. *One recipient also instructed the EBT to dispose of a portion of their remaining shares.

The total number of shares sold by the EBT in relation to the PDMRs and others was 365,713. The shares were sold in the market on 3 August 2017 at 330 pence per share.

The table below sets out the shares that vested on 3 August 2017, the number of shares sold and the respective beneficial holdings in the Company of the respective PDMRs following the vesting and sale:

 
 PDMR               Number of         Number of      Number of      Number of          Total Shareholding   Holding 
                     Awards Vesting    shares sold    shares sold    shares retained                         % of 
                                       by EBT to      by EBT on      by PDMR                                 Issued 
                                       meet tax       behalf of                                              Share 
                                       liabilities    PDMR*                                                  Capital 
-----------------  ----------------  -------------  -------------  -----------------  -------------------  --------- 
 Masroor Ahmad      3,770             1,772          -              1,998              173,706              0.21% 
-----------------  ----------------  -------------  -------------  -----------------  -------------------  --------- 
 Ross Leach         101,231*          35,482         25,737*        40,012             207,062              0.25% 
-----------------  ----------------  -------------  -------------  -----------------  -------------------  --------- 
 Ajeet Manjrekar    67,456            31,704         -              35,752             35,752               0.04% 
-----------------  ----------------  -------------  -------------  -----------------  -------------------  --------- 
 Chris Rutt         4,325             2,033          -              2,292              17,521               0.02% 
-----------------  ----------------  -------------  -------------  -----------------  -------------------  --------- 
 

Formal notifications in respect of the PDMRs are below.

For further information please contact:

River and Mercantile Group PLC +44 (0)20 3327 5100

Sally Buckmaster, Senior Counsel and Company Secretary

Chris Rutt, Deputy Chief Financial Officer and Investor Relations

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------------------------ 
 a)     Name                               Masroor Ahmad 
----  ----------------------------------  ------------------------------------------------------ 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------------------ 
 a)     Position/status                    PDMR - Managing Director 
----  ----------------------------------  ------------------------------------------------------ 
 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       Ordinary shares of GBP0.003 pence each 
         instrument, type of instrument     GB00BLZH7X42 
         Identification code 
----  ----------------------------------  ------------------------------------------------------ 
 b)     Nature of the transaction          1. Vesting of share awards under the River 
                                            and Mercantile Performance Share Plan 
                                            2. Sale of a proportion of the vested shares 
                                            to cover tax and social security. 
----  ----------------------------------  ------------------------------------------------------ 
 c)     Price(s) and volume(s)             Price(s)                     Volume(s) 
----  ----------------------------------  ---------------------------  ------------------------- 
   1. GBP3.30                                                           1. 3,770 
  ---------------------------                                          ------------------------- 
   2. GBP3.30                                                           2. 1,772 
  ---------------------------                                          ------------------------- 
 d)   Aggregated information                Price              Volume              Total 
        *    Aggregated volume 
 
 
        *    Price 
----  ----------------------------------  -----------------  ------------------  --------------- 
   1. GBP3.30         1. 3,770                                                    1. 12,441.00 
  -----------------  ----------------------------------------------------------  --------------- 
   2. GBP3.30         2. 1,772                                                    2. 5,847.60 
  -----------------  ----------------------------------------------------------  --------------- 
 e)     Date of the transaction            3(rd) August 2017 
----  ----------------------------------  ------------------------------------------------------ 
 f)     Place of the transaction           London Stock Exchange 
----  ----------------------------------  ------------------------------------------------------ 
 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------------------------- 
 a)     Name                               Ross Leach 
----  ----------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------------------- 
 a)     Position/status                    PDMR - Co-Head of P-Solve Investments Limited 
----  ----------------------------------  ------------------------------------------------------- 
 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        Ordinary shares of GBP0.003 pence each 
         instrument, type of instrument 
         Identification code                 GB00BLZH7X42 
----  ----------------------------------  ------------------------------------------------------- 
 b)     Nature of the transaction          1. Vesting of share awards under the River 
                                            and Mercantile Performance Share Plan 
                                            2. Sale of a proportion of the vested shares 
                                            to cover tax and social security 
                                            3. Sale of a proportion of the vested shares* 
----  ----------------------------------  ------------------------------------------------------- 
 c)     Price(s) and volume(s)             Price(s)                    Volume(s) 
----  ----------------------------------  --------------------------  --------------------------- 
   1. GBP3.30                                                          1. 101,231* 
  --------------------------                                          --------------------------- 
   2. GBP3.30                                                          2. 35,482 
  --------------------------                                          --------------------------- 
   3. GBP3.30*                                                         3. 25,737* 
  --------------------------                                          --------------------------- 
 d)   Aggregated information                Price              Volume             Total 
        *    Aggregated volume 
 
 
        *    Price 
----  ----------------------------------  -----------------  -----------------  ----------------- 
   1. GBP3.30         1. 101,231*                                                1. 334,062.30* 
  -----------------  ---------------------------------------------------------  ----------------- 
   2. GBP3.30         2. 35,482                                                  2. 117,090.60 
  -----------------  ---------------------------------------------------------  ----------------- 
   3. GBP3.30*        3. 25,737*                                                 3. 84,932.10* 
  -----------------  ---------------------------------------------------------  ----------------- 
 e)     Date of the transaction            3(rd) August 2017 
----  ----------------------------------  ------------------------------------------------------- 
 f)     Place of the transaction           London Stock Exchange 
----  ----------------------------------  ------------------------------------------------------- 
 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------------------------ 
 a)     Name                               Ajeet Manjrekar 
----  ----------------------------------  ------------------------------------------------------ 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------------------ 
 a)     Position/status                    PDMR - Co-Head of P-Solve Investments Limited 
----  ----------------------------------  ------------------------------------------------------ 
 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        Ordinary shares of GBP0.003 pence each 
         instrument, type of instrument 
         Identification code                 GB00BLZH7X42 
----  ----------------------------------  ------------------------------------------------------ 
 b)     Nature of the transaction          1. Vesting of share awards under the River 
                                            and Mercantile Performance Share Plan 
                                            2. Sale of a proportion of the vested shares 
                                            to cover tax and social security. 
----  ----------------------------------  ------------------------------------------------------ 
 c)     Price(s) and volume(s)             Price(s)                    Volume(s) 
----  ----------------------------------  --------------------------  -------------------------- 
   1. GBP3.30                                                          1. 67,456 
  --------------------------                                          -------------------------- 
   2. GBP3.30                                                          2. 31,704 
  --------------------------                                          -------------------------- 
 d)   Aggregated information                Price              Volume             Total 
        *    Aggregated volume 
 
 
        *    Price 
----  ----------------------------------  -----------------  -----------------  ---------------- 
   1. GBP3.30         1. 67,456                                                  1. 222,604.80 
  -----------------  ---------------------------------------------------------  ---------------- 
   2. GBP3.30         2. 31,704                                                  2. 104,623.20 
  -----------------  ---------------------------------------------------------  ---------------- 
 e)     Date of the transaction            3(rd) August 2017 
----  ----------------------------------  ------------------------------------------------------ 
 f)     Place of the transaction           London Stock Exchange 
----  ----------------------------------  ------------------------------------------------------ 
 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------------------------ 
 a)     Name                               Chris Rutt 
----  ----------------------------------  ------------------------------------------------------ 
 2     Reason for the notification 
----  ------------------------------------------------------------------------------------------ 
 a)     Position/status                    PDMR - Deputy Chief Financial Officer and 
                                            Investor Relations 
----  ----------------------------------  ------------------------------------------------------ 
 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        Ordinary shares of GBP0.003 pence each 
         instrument, type of instrument 
         Identification code                 GB00BLZH7X42 
----  ----------------------------------  ------------------------------------------------------ 
 b)     Nature of the transaction          1. Vesting of share awards under the River 
                                            and Mercantile Performance Share Plan 
                                            2. Sale of a proportion of the vested shares 
                                            to cover tax and social security. 
----  ----------------------------------  ------------------------------------------------------ 
 c)     Price(s) and volume(s)             Price(s)                     Volume(s) 
----  ----------------------------------  ---------------------------  ------------------------- 
   1. GBP3.30                                                           1. 4,325 
  ---------------------------                                          ------------------------- 
   2. GBP3.30                                                           2. 2,033 
  ---------------------------                                          ------------------------- 
 d)   Aggregated information                Price              Volume              Total 
        *    Aggregated volume 
 
 
        *    Price 
----  ----------------------------------  -----------------  ------------------  --------------- 
   1. GBP3.30         1. 4,325                                                    1. 14,272.50 
  -----------------  ----------------------------------------------------------  --------------- 
   2. GBP3.30         2. 2,033                                                    2. 6,708.90 
  -----------------  ----------------------------------------------------------  --------------- 
 e)     Date of the transaction            3(rd) August 2017 
----  ----------------------------------  ------------------------------------------------------ 
 f)     Place of the transaction           London Stock Exchange 
----  ----------------------------------  ------------------------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHDKLFBDVFFBBF

(END) Dow Jones Newswires

August 09, 2017 13:22 ET (17:22 GMT)

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