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RIV River And Mercantile Group Plc

49.40
0.00 (0.00%)
26 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 (7450S)

04/10/2017 6:05pm

UK Regulatory


River And Mercantile (LSE:RIV)
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TIDMRIV

RNS Number : 7450S

River and Mercantile Group PLC

04 October 2017

4 October 2017

LEI: 2138005C7REHURGWHW31

River and Mercantile Group PLC ("the Company")

NOTIFICATION OF TRANSACTION BY DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR')

Grant of awards under the River and Mercantile Group PLC Performance Share Plan (the 'PSP')

The Company announces that on 2 October 2017 Mike Faulkner, Chief Executive Officer, James Barham, Director, and Kevin Hayes, Director, were granted conditional awards of River and Mercantile Group PLC Ordinary Shares under the River and Mercantile Group PLC PSP.

The number of shares was calculated using a market price of 312p per share, being the five day Volume Weighted Average Price for the period 25 September 2017 to 29 September 2017.

 
 Director/PDMR   Number       Performance   Performance Condition 
                  of Shares    period        of Award 
--------------  -----------  ------------  ----------------------------- 
 Mike Faulkner   187,179      3 years       PSP awards will only 
                                             vest in full if the 
                                             Company's shares deliver 
                                             a compound annual 
                                             total shareholder 
                                             return (TSR) of at 
                                             least 12% per annum 
                                             between 1 July 2017 
                                             and 30 June 2020. 
                                             No PSP will vest if 
                                             the TSR for the Performance 
                                             Period is less than 
                                             8%, and the PSP will 
                                             vest pro-rata if the 
                                             TSR is between 8-12%. 
--------------  -----------  ------------  ----------------------------- 
 James Barham    57,372       3 years       PSP awards will only 
                                             vest in full if the 
                                             Company's shares deliver 
                                             a compound annual 
                                             total shareholder 
                                             return (TSR) of at 
                                             least 12% per annum 
                                             between 1 July 2017 
                                             and 30 June 2020. 
                                             No PSP will vest if 
                                             the TSR for the Performance 
                                             Period is less than 
                                             8%, and the PSP will 
                                             vest pro-rata if the 
                                             TSR is between 8-12%. 
--------------  -----------  ------------  ----------------------------- 
 Kevin Hayes     59,936       3 years       PSP awards will only 
                                             vest in full if the 
                                             Company's shares deliver 
                                             a compound annual 
                                             total shareholder 
                                             return (TSR) of at 
                                             least 12% per annum 
                                             between 1 July 2017 
                                             and 30 June 2020. 
                                             No PSP will vest if 
                                             the TSR for the Performance 
                                             Period is less than 
                                             8%, and the PSP will 
                                             vest pro-rata if the 
                                             TSR is between 8-12%. 
--------------  -----------  ------------  ----------------------------- 
 

The conditional awards of shares granted under the PSP will vest on 30 June 2020, subject to the satisfaction of specified performance criteria and other terms in accordance with the rules of the PSP.

Formal notification in respect of the PDMRs is set out below in accordance with the requirements of the Market Abuse Regulation.

For further information please contact:

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

Sally Buckmaster, Senior Counsel and Group Company Secretary

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
---- 
 a)     Name                               Mike Faulkner 
----  ----------------------------------  ----------------------------------------------------------- 
 2     Reason for the notification 
---- 
 a)     Position/status                    Director - Chief Executive Officer 
----  ----------------------------------  ----------------------------------------------------------- 
 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 
----  ----------------------------------  ----------------------------------------------------------- 
 b)     Nature of the transaction                1. Grant of award under River 
                                                  and Mercantile Group PLC Performance 
                                                  Share Plan 
----  ----------------------------------  ----------------------------------------------------------- 
 c)     Price(s) and volume(s)             Price(s)          Volume(s) 
                                           1. 312p           1. 187,179 
                                          ----------------  ----------------------------------------- 
 d)     Aggregated information              Price             Volume       Total 
          *    Aggregated volume 
 
 
          *    Price 
                                          ----------------  -----------  ---------------------------- 
                                           1. 312p           1. 187,179   1. GBP583,998.48 
                                          ----------------  -----------  ---------------------------- 
 e)     Date of the transaction            2 October 2017 
----  ----------------------------------  ----------------------------------------------------------- 
 f)     Place of the transaction           Outside a trading venue 
----  ----------------------------------  ----------------------------------------------------------- 
 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
---- 
 a)     Name                               James Barham 
----  ----------------------------------  ---------------------------------------------------------- 
 2     Reason for the notification 
---- 
 a)     Position/status                    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 
----  ----------------------------------  ---------------------------------------------------------- 
 b)     Nature of the transaction                1. Grant of award under River 
                                                  and Mercantile Group PLC Performance 
                                                  Share Plan 
----  ----------------------------------  ---------------------------------------------------------- 
 c)     Price(s) and volume(s)             Price(s)          Volume(s) 
                                           1. 312p           1. 57,372 
                                          ----------------  ---------------------------------------- 
 d)     Aggregated information              Price             Volume      Total 
          *    Aggregated volume 
 
 
          *    Price 
                                          ----------------  ----------  ---------------------------- 
                                           1. 312p           1. 57,372   1. GBP179,000.64 
                                          ----------------  ----------  ---------------------------- 
 e)     Date of the transaction            2 October 2017 
----  ----------------------------------  ---------------------------------------------------------- 
 f)     Place of the transaction           Outside a trading venue 
----  ----------------------------------  ---------------------------------------------------------- 
 
 
 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
---- 
 a)     Name                               Kevin Hayes 
----  ----------------------------------  ---------------------------------------------------------- 
 2     Reason for the notification 
---- 
 a)     Position/status                    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 
----  ----------------------------------  ---------------------------------------------------------- 
 b)     Nature of the transaction                1. Grant of award under River 
                                                  and Mercantile Group PLC Performance 
                                                  Share Plan 
----  ----------------------------------  ---------------------------------------------------------- 
 c)     Price(s) and volume(s)             Price(s)          Volume(s) 
                                           1. 312p           1. 59,936 
                                          ----------------  ---------------------------------------- 
 d)     Aggregated information              Price             Volume      Total 
          *    Aggregated volume 
 
 
          *    Price 
                                          ----------------  ----------  ---------------------------- 
                                           1. 312p           1. 59,936   1. GBP187,000.32 
                                          ----------------  ----------  ---------------------------- 
 e)     Date of the transaction            2 October 2017 
----  ----------------------------------  ---------------------------------------------------------- 
 f)     Place of the transaction           Outside a trading venue 
----  ----------------------------------  ---------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHQZLFBDBFEFBK

(END) Dow Jones Newswires

October 04, 2017 13:05 ET (17:05 GMT)

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