River and Mercantile Group PLC Director/PDMR Shareholding (3305K)

TIDMRIV

RNS Number : 3305K

River and Mercantile Group PLC

09 April 2018

9 April 2018

LEI: 2138005C7REHURGWHW31

River and Mercantile Group PLC ("the Company")

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

PERFORMANCE SHARE PLAN

VESTING OF 2015 AWARD

The Company announces that, as a result of the relevant performance condition having been satisfied, a tranche of the contingent share awards granted in 2015 under the Company's Performance Share Plan to Mr. Chris Rutt (a PDMR) vested on 31 March 2018.

Following such vesting, Mr. Rutt instructed Estera Fiduciary Services (Guernsey) Limited (previously Heritage Corporate Trustees Limited) as the trustee of the River and Mercantile Group Employee Benefits Trust (the "EBT") to sell, as directed by the Company, all of the shares that vested, with the proceeds to be received as cash, net of taxes.

The total number of shares sold by the EBT in relation to the PDMR was 5,544. The shares were sold in the market on 6 April 2018 at 318 pence per share.

The table below sets out the shares that vested, the number of shares sold and the respective beneficial holdings in the Company of the PDMR following the vesting and sale:

 
 PDMR          Number of     Number of      Total Shareholding   Holding 
                PSP Awards    shares sold                         % of Issued 
                Vesting       by the EBT                          Share Capital 
                (31 March     (6 April 
                2018)         2018) 
------------  ------------  -------------  -------------------  --------------- 
 Chris Rutt    5,544         5,544          2229                 0.0027% 
------------  ------------  -------------  -------------------  --------------- 
 

Following the vesting, Mr. Rutt's beneficial interest in the Company remains unchanged.

For further information please contact:

River and Mercantile Group PLC [phone]

Sally Buckmaster, Senior Legal 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                               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 
----  ----------------------------------  --------------------------------------------------- 
 b)     Nature of the transaction                1. Sale of shares following the 
                                                  vesting of an award under the 
                                                  River and Mercantile Group PLC 
                                                  Performance Share Plan 
----  ----------------------------------  --------------------------------------------------- 
 c)     Price(s) and volume(s)             Price(s)        Volume(s) 
                                           1. 318p         1. 5,544 
                                          --------------  ----------------------------------- 
 d)     Aggregated information              Price           Volume     Total 
          *    Aggregated volume 
 
 
          *    Price 
                                          --------------  ---------  ------------------------ 
                                           1. 318p         1. 5,544   1. GBP17,629.92 
                                          --------------  ---------  ------------------------ 
 e)     Date of the transaction            6 April 2018 
----  ----------------------------------  --------------------------------------------------- 
 f)     Place of the transaction           London Stock Exchange 
----  ----------------------------------  --------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHQKLFBVZFBBBK

(END) Dow Jones Newswires

April 09, 2018 12:11 ET (16:11 GMT)