REG-RM plc RM plc: Director/PDMR Performance Share Plan Awards

RMAnnouncement

30/08/2023 07:15

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   RM plc (RM.)
   RM plc: Director/PDMR Performance Share Plan Awards

   30-Aug-2023 / 07:00 GMT/BST

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   Wednesday, 30 August 2023

                                        

                                     RM plc

                                        

                  Director/PDMR Performance Share Plan Awards

    

   In accordance with the Market Abuse Regulations, RM plc announces that, on
   29 August  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
   Simon Goodwin 300,000

    

   The options are exercisable in the period 31 August 2026 to 29 August 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 01 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  31 August 2026. The Award  will be subject to  a
   Holding Period which will end two years after the vesting date. 

    

   Enquiries:

    

   RM plc                             
   Fiona O’Nolan, Investor Relations 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                              Simon Goodwin
    
   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
    
      Details of the transaction(s): section to be repeated for (i) each type
   4  of instrument; (ii) each type of transaction; (iii) each date; and (iv)
      each place where transactions have been conducted
    
       
   a) Description of the financial      Ordinary Shares of 2 2/7 pence each
      instrument, type of instrument
                                         
      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. 300,000
                                         
      Aggregated information             
   d)                                    
      - Aggregated volume               N/A
                                         
      - Price                           N/A
                                         
   e) Date of the transaction
                                        29 August 2023
       
   f)
      Place of the transaction          Outside a trading venue
    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BJT0FF39
   Category Code:  DSH
   TIDM:           RM.
   LEI Code:       2138005RKUCIEKLXWM61
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   267902
   EQS News ID:    1714133


    
   End of Announcement EQS News Service

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