River and Mercantile Group PLC Director/PDMR Shareholding (3160M)
May 20 2022 - 10:13AM
UK Regulatory
TIDMRIV
RNS Number : 3160M
River and Mercantile Group PLC
20 May 2022
20 May 2022
LEI: 2138005C7REHURGWHW31
River and Mercantile Group PLC (the "Company")
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
VESTING OF BUY-OUT AWARDS
The Company announces that on 19 May 2022 buy-out awards granted
to Alex Hoctor-Duncan, CEO and PDMR, and Simon Wilson, CFO and
PDMR, vested pursuant to the terms of each buy-out award deed. The
buy-out awards have been satisfied part in ordinary shares in the
Company of GBP0.003 pence each ('Shares') and the remainder in
cash.
Accordingly, Alex Hoctor-Duncan was granted nil cost options in
respect of 143,617 Shares which he then exercised on 19 May 2022.
Simon Wilson will receive 51,750 Shares.
In accordance with the terms of the respective buy-out awards
and Listing Rules, the Shares used to satisfy the vesting of the
buy-out awards are market purchased Shares held in the Company's
Employee Benefit Trust.
Formal notifications in respect of the PDMRs are set out below
in accordance with the requirements of the Market Abuse
Regulation.
Sally Buckmaster
Group Company Secretary
River and Mercantile Group PLC
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Alex Hoctor-Duncan
------------------------------------- ---------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer - PDMR
------------------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name River and Mercantile Group PLC
------------------------------------- ---------------------------------------------
b) LEI 2138005C7REHURGWHW31
------------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GBP0.003 pence each
financial instrument,
type of instrument
Identification code GB00BLZH7X42
b) Nature of the transaction Grant of options pursuant to a buy-out
award.
------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
--------------------- -------------------
Price(s) Volume(s)
--------------------- -------------------
GBP 0.00 143,617
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 143,617
- Price GBP 0.00
e) Date of the transaction 19 May 2022
------------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ---------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Alex Hoctor-Duncan
------------------------------------- ------------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer - PDMR
------------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------
a) Name River and Mercantile Group PLC
------------------------------------- ------------------------------------------------
b) LEI 2138005C7REHURGWHW31
------------------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GBP0.003 pence each
financial instrument,
type of instrument
Identification code GB00BLZH7X42
b) Nature of the transaction Exercise of options pursuant to a buy-out
award.
------------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
---------------------- ---------------------
Price(s) Volume(s)
---------------------- ---------------------
GBP 0.00 143,617
----------------------------------------------------------------- ---------------------
d) Aggregated information
- Aggregated volume 143,617
- Price GBP 0.00
e) Date of the transaction 19 May 2022
------------------------------------- ------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Simon Wilson
------------------------------------- ---------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer - PDMR
------------------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name River and Mercantile Group PLC
------------------------------------- ---------------------------------------------
b) LEI 2138005C7REHURGWHW31
------------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 GBP0.003 pence each
financial instrument,
type of instrument
Identification code GB00BLZH7X42
b) Nature of the transaction Vesting of buy-out award
------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
--------------------- -------------------
Price(s) Volume(s)
--------------------- -------------------
GBP 0.00 51,750
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 51,750
- Price GBP 0.00
e) Date of the transaction 19 May 2022
------------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ---------------------------------------------
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END
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