REG - RM PLC - Director/PDMR Performance Share Plan Awards <Origin Href="QuoteRef">RM.L</Origin>

RMAnnouncement

06/08/2015 12:00

RNS Number : 2508V
RM PLC
06 August 2015
6 August 2015
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with DTR 3.1.4 R(1)(a), RM plc announces that, on 5 August 2015, 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 2010:
Director/PDMR
Shares Comprised in Awards
David Brooks
180,000
Toby Black
120,000
John Ingram
120,000
Andy Wilson
120,000
Greg Davidson
50,000
Angela Sherwood
50,000
The options are exercisable in the period 6 August 2018 to 1 August 2025 at an exercise price of 0.00 per share. Vesting of the award and the receipt of shares will be based on the Company's relative TSR performance for the period from May / June 2015 to May / June 2018. It is anticipated that option exercises will be satisfied by the transfer of shares from the Company's employee benefit trust.
The Company's TSR performance shall be measured against the TSR performance of the companies (Comparator Group) within the FTSE Small Cap (ex IT) Index over the above period and must be at least at the median of a ranking of the TSR of each of the members of the Comparator Group. Subject to the discretion of the Remuneration Committee at the date of vesting, vesting will occur on a sliding scale between median (25%) and upper quartile (100%).
No award can vest before 6 August 2018.
Contact:
RM plc
08450 700300


David Brooks, Chief Executive Officer

Iain McIntosh, Chief Financial Officer

Notes: the RM Performance Share Plan 2010 was approved by shareholders at the Company's AGM held on 18 January 2010.

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