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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 |
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
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(END) Dow Jones Newswires
October 04, 2017 13:05 ET (17:05 GMT)
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