RM PLC Director/PDMR Performance Share Plan Awards (8795M)

TIDMRM.

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 
 M ark Cook       8 73,763 
                 ---------------------------

The options are exercisable in the period 16 January 2026 to 15 January 2033 at an exercise price of GBP0.00 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  investorrelations@rm.com 
 (interim)

Notes:

 
  1.   The RM Performance Share Plan 2019 was approved by 
        shareholders at the Company's AGM held on 27 March 
        2019. 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                    Mark Cook 
      --------------------------------------  --------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------- 
 a)    Position/status                         PDMR 
      --------------------------------------  --------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  --------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                                    RM plc 
      --------------------------------------  --------------------------------------- 
 b)    LEI                                     2138005RKUCIEKLXWM61 
      --------------------------------------  --------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                      Ordinary Shares of 2 2/7 pence each 
        financial 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. 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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END

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January 16, 2023 11:00 ET (16:00 GMT)

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