REG - RM PLC - Director/PDMR Performance Share Plan Awards

RMAnnouncement

16/01/2023 16:00

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RNS Number : 8795M  RM PLC  16 January 2023

 

 

 

Monday, January 16 2023

 

 

RM plc

 

Director/PDMR Performance Share Plan Awards

 

In accordance with the Market Abuse Regulations, RM plc announces that, on 16
January 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
 Mark Cook      873,763

 

The options are exercisable in the period 16 January 2026 to 15 January 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:

 

 1)      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 1 December 2022 and ending on 30 November
         2025.
 2)      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 16 January 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
 Cynthia Alers, Investor Relations Director (interim)  investorrelations@rm.com

 

 

Notes:

 

 1.              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                                                         Mark Cook

 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)

                                                                   1. Nil                       1.  873,763

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      N/A

 e)   Date of the transaction                                      16 January 2023

 f)   Place of the transaction                                     Outside a trading venue

 

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