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

RelxAnnouncement

01/03/2016 10:00

RNS Number : 6109Q
RELX PLC
01 March 2016
ISSUED ON BEHALF OF RELX PLC AND RELX NV
1 March 2016
Director/PDMR Shareholdings
RELX Group announces that on 29 February 2016 it received notification of the following transactions in the securities of RELX by Erik Engstrom and Nick Luff, Directors, and Ian Fraser and Henry Udow, PDMRs:
(a) RELX Group plc Bonus Investment Plan 2010 ("BIP")
Vesting of matching shares
In connection with the vesting on 26 February 2016 of the share awards granted in May 2013 under BIP, the table below shows the total numbers of shares which: (1) vested; (2) were sold on the same dateto meet personal tax and social security obligations; and (3) were released to the Directors and PDMRs named below. The shares sold to meet personal tax and social security obligations were sold to the RELX Group Employee Benefit Trust in off-market transactions at prices of 12.495 per RELX PLC ordinary share, 15.1325 per RELX NV ordinary share, $17.525 per RELX PLC ADR and $16.575 per RELX NV ADR, being the mid-market closing prices on the relevant exchanges on the date of sale. The EBT will use the shares acquired to satisfy future vestings of share awards.

No. of RELX PLC ordinary shares/ADRs* vested 
No. of RELX PLC ordinary shares/ADRs* soldto meet personal tax and social security obligations
No. of RELX PLC ordinary shares/ADRs* released 
No. of RELX NV ordinary shares/ADRs* vested
No. of RELX NV ordinary shares/ADRs* soldto meet personal tax and social security obligations
No. of RELX NV ordinary shares/ADRs* released
Director






Erik Engstrom
-
-
-
145,200*
68,244*
76,956*







PDMR






Ian Fraser
27,837
13,084
14,753
29,236
13,741
15,495














Henry Udow
30,394
14,286
16,108
-
-
-

29,866*
14,038*
15,828*
-
-
-







*Denotes ADRs. Each RELX PLC ADR represents 1 RELX PLC ordinary share. Each RELX NV ADR represents 1 RELX NV ordinary share.


(b) RELX Group plc Long Term Incentive Plan ("LTIP")
Vesting of performance shares
In connection with the vesting on 26 February 2016 of the share awards granted in May 2013 under LTIP, the table below shows the total numbers of shares which: (1) vested; (2) were sold on the same dateto meet personal tax and social security obligations; and (3) were released to the Directors and PDMRs named below. The shares sold to meet personal tax and social security obligations were sold to the RELX Group Employee Benefit Trust in off-market transactions at prices of 12.495 per RELX PLC ordinary share and 15.1325 per RELX NV ordinary share, being the mid-market closing prices on the relevant exchanges on the date of sale. The EBT will use the shares acquired to satisfy future vestings of share awards.

No. of RELX PLC ordinary shares vested
No. of RELX PLC ordinary shares soldto meet personal tax and social security obligations
No. of RELX PLC ordinary shares released
No. of RELX NV ordinary shares vested
No. of RELX NV ordinary shares soldto meet personal tax and social security obligations
No. of RELX NV ordinary shares released
Director






Erik Engstrom
166,873
78,431
88,442
178,474
83,883
94,951







PDMR






Ian Fraser
41,749
19,623
22,126
44,652
20,987
23,665














Henry Udow
39,072
18,364
20,708
41,788
19,641
22,147







(c) Vesting of performance shares
In connection with the vesting on 26 February 2016 of the one-off share award granted to Nick Luff in September 2014 to compensate him for the forfeiture of awards from his former employer, the table below shows the total numbers of shares which: (1) vested; (2) were sold on the same date to meet personal tax and social security obligations; and (3) were released to Mr Luff. The shares sold to meet personal tax and social security obligations were sold to the RELX Group Employee Benefit Trust in off-market transactions at prices of 12.495 per RELX PLC ordinary share and 15.1325 per RELX NV ordinary share, being the mid-market closing prices on the relevant exchanges on the date of sale. The EBT will use the shares acquired to satisfy future vestings of share awards.

No. of RELX PLC ordinary shares vested
No. of RELX PLC ordinary shares soldto meet personal tax and social security obligations
No. of RELX PLC ordinary shares released
No. of RELX NV ordinary shares vested
No. of RELX NV ordinary shares soldto meet personal tax and social security obligations
No. of RELX NV ordinary shares released
Director






Nick Luff
61,276
28,800
32,476
67,411
31,684
35,727







(d) RELX Group plc Share Option Scheme ("ESOS"): Exercise of Options
The following options to acquire RELX ordinary shares were exercised by Erik Engstrom on 29 February 2016.

Date of grant
No. of RELX PLC ordinary shares
No. of RELX NV ordinary shares
Option price per share
Director




Erik Engstrom
2 May 2012
198,836

5.155

2 May 2012

214,923
5.871





(e) Sale of shares
On 29 February 2016, Erik Engstrom and Ian Fraser sold the following securities set out below.

No. of RELX PLC ordinary shares/ADRs* sold
Price per RELX PLC ordinary share/ADR*
No. of RELX NV ordinary shares/ADRs* sold
Price per RELX NV ordinary share/ADR* 
Director




Erik Engstrom
237,278
12.40127
307,923
15.0153

17,004*
$17.3606*
76,956*
$16.3627*





PDMR




Ian Fraser
36,879
12.39
39,150
15.0467





*Denotes ADRs. Each RELX PLC ADR represents 1 RELX PLC ordinary share. Each RELX NV ADR represents 1 RELX NV ordinary share.
The securities were sold at the following places: RELX PLC ordinary shares, London Stock Exchange; RELX NV ordinary shares, Amsterdam Stock Exchange; and RELX PLC ADRs and RELX NV ADRs, New York Stock Exchange.
Following these transactions, the current interests of Erik Engstrom and Nick Luff in the share capital of RELX PLC and RELX NV are:

No. of RELX PLC ordinary shares
No. of RELX NV ordinary shares
Director


Erik Engstrom
160,036
803,742
Nick Luff
100,010
108,960

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