REG - Intnl.Distrbtn.Svcs. - Director/PDMR Shareholding

International Distribution ServicesAnnouncement

12/02/2024 15:30

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RNS Number : 8620C  International Distributions Svc PLC  12 February 2024

International Distributions Services
plc

(Incorporated in England and Wales)

Company Number: 8680755

LSE Share Code: IDS

ISIN: GB00BDVZYZ77

LEI: 213800TCZZU84G8Z2M70

 

12 February 2024

 

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility

 

International Distributions Services plc ("IDS" or the "Company") announces
that on 9 February 2024, a Director / Person Discharging Managerial
Responsibility (PDMR) was granted a share award under the IDS Long-Term
Incentive Plan (LTIP)

 

The LTIP is designed to incentivise PDMRs to deliver the key long-term
priorities relevant for their role, aligned to shareholder and stakeholder
interests. Whilst conditional shares are granted now, they are only actually
received by the PDMRs if and to the extent the Company achieves, over the next
three years, the stretching performance conditions provided for in the LTIP.

 

The metrics against which the LTIP will be assessed after three years, are
below. More information on LTIP performance will be referenced in the
Company's 2026 Annual Report and Accounts (ARA).

 

 

 Group Scorecard metrics                  Weighting  Threshold       Maximum

                                                     (25% Vesting)   (100% Vesting)
 Relative Total Shareholder Return (TSR)  40%        Median          Top Quartile
 UK Operating Profit (in 2025-26) (£m)    20%        83              93
 UK Trading Cashflow (in 2025-26) (£m)    10%        140             158
 GLS EBITA (in 2025-26) (€m)              20%        391             450
 GLS Free Cashflow (in 2025-26) (€m)      10%        256             294

 

Michael Snape, who was appointed as Group CFO in January 2024, is entitled to
a pro-rated grant of conditional shares under the 2023 LTIP, details of which
are set out in the notification of dealing form below. If the conditions are
met, the earliest release date for the shares will be 31 July 2026. If the
conditions are not met or only partly met, then the conditional shares will
lapse in whole or in part. Any shares that do vest in 2026 are subject to an
additional, mandatory, two-year holding period, making a total period of five
years post grant. In addition, Executive Directors are expected to retain any
share-based awards until they achieve a shareholding equivalent of 200 per
cent of salary.

 

No consideration was paid for the grant of the award. For the purposes of this
award, the three-day average share price immediately preceding the date of
grant of £2.7420 was used.

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Michael Snape

 2    Reason for the notification

 a)   Position/status                                              Group Chief Financial Officer

 b)   Initial notification/Amendment                               Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         International Distributions Services plc

 b)   LEI                                                          213800TCZZU84G8Z2M70

 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 £0.01 each in International Distributions Services plc

      Identification code

                                                                   GB00BDVZYZ77

 b)   Nature of the transaction                                    Grant of ordinary shares under the International Distributions Services plc

                                                            Long Term Incentive Plan

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            Nil       199,808

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      N/A

 e)   Date of the transaction                                      9 February 2024

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

N/A

 

 

N/A

 

e)

 

Date of the transaction

 

 

9 February 2024

 

f)

 

Place of the transaction

 

 

Outside a trading venue

 

Enquiries:

 

Investor Relations

John Crosse

Email: investorrelations@royalmail.com

 

Media Relations

Jenny Hall

Phone: 07776 993 036

Email: jenny.hall@royalmail.com

 

Greg Sage

Phone: 07483 421 374

Email: greg.sage@royalmail.com

 

Royal Mail press office: press.office@royalmail.com

 

Company Secretary

Mark Amsden

Email: cosec@ids-plc.com

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