RM plc: Director/PDMR Performance Share Plan Awards
RM plc (RM.)
RM plc: Director/PDMR Performance Share Plan Awards
15-May-2023 / 14:00 GMT/BST
Monday, 15 May 2023
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with the Market Abuse Regulations, RM plc announces that, on 12 May 2023, options were granted for nil consideration over the following numbers of ordinary shares of 2 2/7pence each in the Company under the RM Performance Share Plan 2019:
Director/PDMR
Shares Comprised in Awards
John Baskerville
250,000
Monique Louis
250,000
Jason Tomlinson
250,000
The options are exercisable in the period 12 May 2026 to 11 May 2033 at an exercise price of £0.00 per share. It is anticipated that option exercises will be satisfied by the transfer of shares from the Company's employee benefit trust.
Vesting of the award and the receipt of shares will be based on the following criteria:
Forty percent (40%) of the Award is subject to a performance condition comparing the Company's total shareholder return (TSR) against a comparator group of FTSE Small Cap Index (excluding investment trusts) companies over the period of 3 years commencing on 01 December 2022 and ending on 30 November 2025.
Sixty percent (60%) of the Award is subject to a performance condition relating to the performance of the Company’s TSR against absolute targets ranging from 120p to 195p, with this condition also measured at the end of the same 3-year period.
No award can vest before 12 May 2026. The Award will be subject to a Holding Period which will end two years after the vesting date.
Enquiries:
RM plc
Tel: +44 (0)1235 401 805
Tarryn Riley, Head of Investor Relations (interim)
investorrelations@rm.com
Notes:
The RM Performance Share Plan 2019 was approved by shareholders at the Company’s AGM held on 27 March 2019.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
John Baskerville
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
RM plc
b)
LEI
2138005RKUCIEKLXWM61
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 instrument, type of instrument
Ordinary Shares of 2 2/7 pence each
Identification code
ISIN GB00BJT0FF39
b)
Nature of the transaction
Grant of conditional awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
250,000
d)
Aggregated information
- Aggregated volume
N/A
- Price
N/A
e)
Date of the transaction
12 May 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Monique Louis
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
RM plc
b)
LEI
2138005RKUCIEKLXWM61
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 instrument, type of instrument
Ordinary Shares of 2 2/7 pence each
Identification code
ISIN GB00BJT0FF39
b)
Nature of the transaction
Grant of conditional awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
250,000
d)
Aggregated information
- Aggregated volume
N/A
- Price
N/A
e)
Date of the transaction
12 May 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jason Tomlinson
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
RM plc
b)
LEI
2138005RKUCIEKLXWM61
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 instrument, type of instrument
Ordinary Shares of 2 2/7 pence each
Identification code
ISIN GB00BJT0FF39
b)
Nature of the transaction
Grant of conditional awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
250,000
d)
Aggregated information
- Aggregated volume
N/A
- Price
N/A
e)
Date of the transaction
12 May 2023
f)
Place of the transaction
Outside a trading venue
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
ISIN: GB00BJT0FF39 Category Code: DSH TIDM: RM. LEI Code: 2138005RKUCIEKLXWM61 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 243496 EQS News ID: 1632379
End of Announcement EQS News Service