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RIV River And Mercantile Group Plc

49.40
0.00 (0.00%)
10 May 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 (2923N)

08/08/2017 7:01am

UK Regulatory


River And Mercantile (LSE:RIV)
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TIDMRIV

RNS Number : 2923N

River and Mercantile Group PLC

08 August 2017

8 August 2017

LEI: 2138005C7REHURGWHW31

River and Mercantile Group PLC ("the Company")

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")

PERFORMANCE SHARE PLAN

VESTING AWARDS

The Company announces that, as a result of the relevant performance condition having been satisfied, a tranche of the contingent share awards granted under the Company's Performance Share Plan to the PDMRs set out in the table below vested on 3 August 2017.

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.

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       Number         Number       Total           Holding 
                     of Awards    of shares      of shares    Shareholding    % of Issued 
                     Vesting      sold by        retained                     Share 
                                  EBT to         by PDMR                      Capital 
                                  meet tax 
                                  liabilities 
-----------------  -----------  -------------  -----------  --------------  ------------- 
 Masroor 
  Ahmad             3,770        1,772          1,998        173,706         0.21% 
-----------------  -----------  -------------  -----------  --------------  ------------- 
 Ross Leach         75,494       35,482         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 
         instrument, type of instrument      each 
         Identification code                 GB00BLZH7X42 
 
                                             GB0001883718 
----  ----------------------------------  ----------------------------------------------------- 
 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 
         instrument, type of instrument      each 
         Identification code 
                                             GB00BLZH7X42 
                                             GB0001883718 
----  ----------------------------------  ------------------------------------------------------ 
 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. 75,494 
  -------------------                                          --------------------------------- 
   2. GBP3.30                                                   2. 35,482 
 d)   Aggregated information                Price               Volume       Total 
        *    Aggregated volume 
 
 
        *    Price 
----  ----------------------------------  ------------------  -----------  --------------------- 
   1. GBP3.30          1. 75,494                                            1. 249,130.20 
  ------------------  ---------------------------------------------------  --------------------- 
   2. GBP3.30          2. 35,482                                            2. 117,090.60 
  ------------------  ---------------------------------------------------  --------------------- 
 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                               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 
         instrument, type of instrument      each 
         Identification code 
                                             GB00BLZH7X42 
                                             GB0001883718 
----  ----------------------------------  ------------------------------------------------------ 
 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 
         instrument, type of instrument      each 
         Identification code 
                                             GB00BLZH7X42 
                                             GB0001883718 
----  ----------------------------------  ----------------------------------------------------- 
 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

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(END) Dow Jones Newswires

August 08, 2017 02:01 ET (06:01 GMT)

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