TIDMRIV
RNS Number : 5857N
River and Mercantile Group PLC
09 August 2017
9 August 2017
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC ("the Company")
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") -
CORRECTION
PERFORMANCE SHARE PLAN
VESTING AWARDS
The following amendments have been made to the notification of
transactions of persons discharging managerial responsibilities
("PDMRs") announcement released on 8 August 2017 at 07:00 hours
under RNS No. 2923N.
The amendments are identified with an asterisk (*) below. All
other details remain unchanged.
The full amended text is also shown below.
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Sally Buckmaster, Senior Counsel and Company Secretary
Chris Rutt, Deputy Chief Financial Officer and Investor
Relations
8 August 2017
Notification of Transactions of Persons Discharging Managerial
Responsibilities ("PDMRs")
Performance Share Plan Vesting Awards
Pursuant to the vesting, each recipient instructed Heritage
Corporate Trustees Limited as the trustee of the River and
Mercantile Group Employee Benefits Trust (the 'EBT') to sell a
proportion of the shares that vested in order to satisfy their
income tax and national insurance liabilities immediately arising
on vesting and to transfer the balance of shares into their name.
*One recipient also instructed the EBT to dispose of a portion of
their remaining shares.
The total number of shares sold by the EBT in relation to the
PDMRs and others was 365,713. The shares were sold in the market on
3 August 2017 at 330 pence per share.
The table below sets out the shares that vested on 3 August
2017, the number of shares sold and the respective beneficial
holdings in the Company of the respective PDMRs following the
vesting and sale:
PDMR Number of Number of Number of Number of Total Shareholding Holding
Awards Vesting shares sold shares sold shares retained % of
by EBT to by EBT on by PDMR Issued
meet tax behalf of Share
liabilities PDMR* Capital
----------------- ---------------- ------------- ------------- ----------------- ------------------- ---------
Masroor Ahmad 3,770 1,772 - 1,998 173,706 0.21%
----------------- ---------------- ------------- ------------- ----------------- ------------------- ---------
Ross Leach 101,231* 35,482 25,737* 40,012 207,062 0.25%
----------------- ---------------- ------------- ------------- ----------------- ------------------- ---------
Ajeet Manjrekar 67,456 31,704 - 35,752 35,752 0.04%
----------------- ---------------- ------------- ------------- ----------------- ------------------- ---------
Chris Rutt 4,325 2,033 - 2,292 17,521 0.02%
----------------- ---------------- ------------- ------------- ----------------- ------------------- ---------
Formal notifications in respect of the PDMRs are below.
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Sally Buckmaster, Senior Counsel and Company Secretary
Chris Rutt, Deputy Chief Financial Officer and Investor
Relations
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ------------------------------------------------------------------------------------------
a) Name Masroor Ahmad
---- ---------------------------------- ------------------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------------------
a) Position/status PDMR - Managing Director
---- ---------------------------------- ------------------------------------------------------
b) Initial notification/Amendment Initial notification
---- ---------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ------------------------------------------------------------------------------------------
a) Name River and Mercantile Group PLC
---- ---------------------------------- ------------------------------------------------------
b) LEI 2138005C7REHURGWHW31
---- ---------------------------------- ------------------------------------------------------
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 Ordinary shares of GBP0.003 pence each
instrument, type of instrument GB00BLZH7X42
Identification code
---- ---------------------------------- ------------------------------------------------------
b) Nature of the transaction 1. Vesting of share awards under the River
and Mercantile Performance Share Plan
2. Sale of a proportion of the vested shares
to cover tax and social security.
---- ---------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ---------------------------------- --------------------------- -------------------------
1. GBP3.30 1. 3,770
--------------------------- -------------------------
2. GBP3.30 2. 1,772
--------------------------- -------------------------
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---- ---------------------------------- ----------------- ------------------ ---------------
1. GBP3.30 1. 3,770 1. 12,441.00
----------------- ---------------------------------------------------------- ---------------
2. GBP3.30 2. 1,772 2. 5,847.60
----------------- ---------------------------------------------------------- ---------------
e) Date of the transaction 3(rd) August 2017
---- ---------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ---------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- -------------------------------------------------------------------------------------------
a) Name Ross Leach
---- ---------------------------------- -------------------------------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------------------------
a) Position/status PDMR - Co-Head of P-Solve Investments Limited
---- ---------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
---- ---------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -------------------------------------------------------------------------------------------
a) Name River and Mercantile Group PLC
---- ---------------------------------- -------------------------------------------------------
b) LEI 2138005C7REHURGWHW31
---- ---------------------------------- -------------------------------------------------------
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 Ordinary shares of GBP0.003 pence each
instrument, type of instrument
Identification code GB00BLZH7X42
---- ---------------------------------- -------------------------------------------------------
b) Nature of the transaction 1. Vesting of share awards under the River
and Mercantile Performance Share Plan
2. Sale of a proportion of the vested shares
to cover tax and social security
3. Sale of a proportion of the vested shares*
---- ---------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ---------------------------------- -------------------------- ---------------------------
1. GBP3.30 1. 101,231*
-------------------------- ---------------------------
2. GBP3.30 2. 35,482
-------------------------- ---------------------------
3. GBP3.30* 3. 25,737*
-------------------------- ---------------------------
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---- ---------------------------------- ----------------- ----------------- -----------------
1. GBP3.30 1. 101,231* 1. 334,062.30*
----------------- --------------------------------------------------------- -----------------
2. GBP3.30 2. 35,482 2. 117,090.60
----------------- --------------------------------------------------------- -----------------
3. GBP3.30* 3. 25,737* 3. 84,932.10*
----------------- --------------------------------------------------------- -----------------
e) Date of the transaction 3(rd) August 2017
---- ---------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ---------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ------------------------------------------------------------------------------------------
a) Name Ajeet Manjrekar
---- ---------------------------------- ------------------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------------------
a) Position/status PDMR - Co-Head of P-Solve Investments Limited
---- ---------------------------------- ------------------------------------------------------
b) Initial notification/Amendment Initial notification
---- ---------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ------------------------------------------------------------------------------------------
a) Name River and Mercantile Group PLC
---- ---------------------------------- ------------------------------------------------------
b) LEI 2138005C7REHURGWHW31
---- ---------------------------------- ------------------------------------------------------
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 Ordinary shares of GBP0.003 pence each
instrument, type of instrument
Identification code GB00BLZH7X42
---- ---------------------------------- ------------------------------------------------------
b) Nature of the transaction 1. Vesting of share awards under the River
and Mercantile Performance Share Plan
2. Sale of a proportion of the vested shares
to cover tax and social security.
---- ---------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ---------------------------------- -------------------------- --------------------------
1. GBP3.30 1. 67,456
-------------------------- --------------------------
2. GBP3.30 2. 31,704
-------------------------- --------------------------
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---- ---------------------------------- ----------------- ----------------- ----------------
1. GBP3.30 1. 67,456 1. 222,604.80
----------------- --------------------------------------------------------- ----------------
2. GBP3.30 2. 31,704 2. 104,623.20
----------------- --------------------------------------------------------- ----------------
e) Date of the transaction 3(rd) August 2017
---- ---------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ---------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ------------------------------------------------------------------------------------------
a) Name Chris Rutt
---- ---------------------------------- ------------------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------------------
a) Position/status PDMR - Deputy Chief Financial Officer and
Investor Relations
---- ---------------------------------- ------------------------------------------------------
b) Initial notification/Amendment Initial notification
---- ---------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ------------------------------------------------------------------------------------------
a) Name River and Mercantile Group PLC
---- ---------------------------------- ------------------------------------------------------
b) LEI 2138005C7REHURGWHW31
---- ---------------------------------- ------------------------------------------------------
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 Ordinary shares of GBP0.003 pence each
instrument, type of instrument
Identification code GB00BLZH7X42
---- ---------------------------------- ------------------------------------------------------
b) Nature of the transaction 1. Vesting of share awards under the River
and Mercantile Performance Share Plan
2. Sale of a proportion of the vested shares
to cover tax and social security.
---- ---------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- ---------------------------------- --------------------------- -------------------------
1. GBP3.30 1. 4,325
--------------------------- -------------------------
2. GBP3.30 2. 2,033
--------------------------- -------------------------
d) Aggregated information Price Volume Total
* Aggregated volume
* Price
---- ---------------------------------- ----------------- ------------------ ---------------
1. GBP3.30 1. 4,325 1. 14,272.50
----------------- ---------------------------------------------------------- ---------------
2. GBP3.30 2. 2,033 2. 6,708.90
----------------- ---------------------------------------------------------- ---------------
e) Date of the transaction 3(rd) August 2017
---- ---------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
---- ---------------------------------- ------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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