REG - RELX PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">REL.L</Origin>

RelxAnnouncement

16/07/2015 14:38

RNS Number : 5448S
RELX PLC
08 July 2015
Issued on behalf of RELX PLC and RELX NV
8 July 2015
Changes to PDMR Share Interests as a consequence of the RELX NV Bonus Issue and changes to ADR ratios
As previously announced by RELX PLC and RELX NV (the "Companies"), effective 1 July 2015, the share equalisation ratio between the two Companies changed to 1:1 which was achieved by way of a bonus share issue by RELX NV of 0.538 new RELX NV ordinary shares for every existing RELX NV ordinary share held (the "Bonus Issue"). Additionally, effective 1 July 2015, the ratios on the RELX PLC and RELX NV ADRs were adjusted so that they each now represent one RELX PLC or one RELX NV ordinary share (from their previous 4 to 1 and 2 to 1 ratios) respectively.
In addition, in order to ensure that awards and options granted to employees under RELX Group plc multi-year incentive plans were treated in a way consistent with shareholdings, they have been adjusted to take account of the Bonus Issue and ADR ratio changes. These adjustments are reflected in the tables below for the relevant multi-year incentive plans.
Awards and options granted over RELX NV ordinary shares and ADRs have been adjusted to take account of the Bonus Issue and also, in the case of the ADRs, the change in ADR ratio. Awards granted over RELX PLC ADRs have been adjusted to take account of the change in the ADR ratio. Where appropriate, the adjustments have been approved by the UK HM Revenue & Customs. All adjustments were effective 1 July 2015. No adjustments were required to awards or options granted over RELX PLC ordinary shares. Therefore, the numbers of awards and options over RELX PLC ordinary shares have not been restated in this announcement.
Interests in RELX NV Share Capital
As a result of the Bonus Issue, the numbers of new ordinary shares and ADRs in RELX NV set out below were issued to the following Directors and PDMRs on 1 July 2015.
Director
No. of RELX NV bonus shares received as ordinary shares
No. of RELX NV bonus shares received as ADRs*
Erik Engstrom
145,198
135,397
Anthony Habgood
13,450
-
Nick Luff
25,617
-
Wolfhart Hauser
1,081
-
Lisa Hook
-
2,582
Ben van der Veer
3,766
-



PDMR


Henry Udow
21,650
-
Taking into account the bonus shares issued above, the interests of the Directors in the ordinary shares and ADRs of RELX NV are as set out below.
Director
No. of RELX NV ordinary shares
No. of RELX NV ADRs*
Erik Engstrom
415,084
387,067
Anthony Habgood
38,450
-
Nick Luff
73,233
-
Wolfhart Hauser
3,091
-
Lisa Hook
-
7,382
Ben van der Veer
10,766
-
*One RELX NV ADR is equivalent to one RELX NV ordinary share.
RELX Group plc LTIP (Long Term Incentive Plan 2013)

Year of grant
No. of RELX NV performance ordinary shares following adjustments
Date of vesting
Director



Erik Engstrom
2013
191,230
2016

2014
158,166
2017

2015
126,359
2018




Nick Luff
2014
72,229
2017

2015
59,526
2018




PDMR



Ian Fraser
2013
47,844
2016

2014
36,744
2017

2015
29,354
2018




Henry Udow
2013
44,775
2016

2014
40,118
2017

2015
32,051
2018
Vesting of these awards is subject to the achievement of performance conditions.
RELX Group plc BIP (Bonus Investment Plan 2010)

Year of grant
No. of RELX NV
conditional matching ordinary shares following adjustments
No. of RELX NV
conditional matching ADRs* following adjustments
No. of RELX PLC
conditional matching ADRs* following adjustments
Date of vesting
Director





Erik Engstrom
2013
-
148,924
-
2016

2014
-
125,174
-
2017

2015
-
97,607
-
2018






Nick Luff
2014
35,174
-
-
2017

2015
29,520
-
-
2018






PDMR





Ian Fraser
2013
29,986
-
-
2016

2014
50,394
-
-
2017






Henry Udow
2013
-
-
30,632
2016

2014
-
-
25,248
2017

2015
11,004
-
10,160
2018
Vesting of these awards is subject to the achievement of performance conditions.
*One RELX NV ADR is equivalent to one RELX NV ordinary share. One RELX PLC ADR is equivalent to one RELX PLC ordinary share.
RELX Group plc ESOS (Executive Share Option Scheme 2013)

Year of grant
No. of RELX NV ordinary shares under option
following adjustments (and adjusted option price)
No. of RELX NV conditional ordinary shares following adjustment
Director



Erik Engstrom
2012
214,923 (5.871)
-

2013
191,230 (8.147)
-

2014
158,166 (10.286)
-

2015
126,358 (15.003)
-




Nick Luff
2014
72,228 (11.378)
-

2015
59,526 (15.003)
-




PDMR



Ian Fraser
2013
18,966 (8.147)
3,792

2014
14,132 (10.286)
2,825

2015
11,290 (15.003)
2,257




Henry Udow
2011
26,538 (5.832)
-

2012
29,092 (5.871)
-

2013
20,707 (8.147)
4,141

2014
15,430 (10.286)
3,085

2015
12,327 (15.003)
2,465
Vesting of options granted to Directors is subject to the achievement of performance conditions. 
Options are exercisable between the third and tenth anniversary of grant. Conditional shares vest following the third anniversary of grant.
The conditional share awards under ESOS were granted pursuant to elections by the PDMRs to receive half of their annual ESOS awards in the form of conditional shares.
Performance Share Award

Year of grant
No. of RELX NV performance ordinary shares following adjustments
Date of vesting
Director



Nick Luff
2014
72,229
2016

- Ends -
Enquiries
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+44 20 7166 5724

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+44 20 7166 5751

This information is provided by RNS
The company news service from the London Stock Exchange
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