RM PLC Director/PDMR Shareholding (3542G)
March 17 2020 - 3:00AM
UK Regulatory
TIDMRM.
RNS Number : 3542G
RM PLC
17 March 2020
17 March 2020
RM plc
Director/PDMR Performance Share Plan Awards
In accordance with DTR 3.1.4 R(1)(a), RM plc announces that, on
16 March 2020, 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
David Brooks 125,000
---------------------------
Neil Martin 105,000
---------------------------
Monique Louis 80,000
---------------------------
John Baskerville 80,000
---------------------------
The options are exercisable in the period 17 March 2023 to 26
October 2028 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) Fifty percent (50%) of the award will be based on the
Company's growth in adjusted basic earnings per share (EPS) between
the year ended 30 November 2019 and the year ended 30 November
2022. Vesting will occur on a sliding scale between a compound
annual growth rate (CAGR) in EPS of 5% per annum (25%) and a CAGR
in EPS of 15% per annum (100%), namely 30.8 pence and 40.5 pence
respectively.
(2) Fifty percent (50%) of the award will be based on the
Company's relative TSR performance measured from the average of the
Index during January and February 2020 to the average of the Index
during January and February 2023. The Company's TSR performance
shall be measured against the TSR performance of the companies
(Comparator Group) within the FTSE Small Cap (ex IT) Index over the
above period and must be at least at the median of a ranking of the
TSR of each of the members of the Comparator Group. Vesting will
occur on a sliding scale between median (25%) and upper quartile
(100%).
No award can vest before 17 March 2023.
Contact:
RM plc 08450 700300
Mark Lágler
Company Secretary
Notes:
1. The RM Performance Share Plan 2019 was approved by
shareholders at the Company's AGM held on 27 March 2019.
2. To ensure consistency, the calculations of adjusted earnings
per share exclude any adjustments made in relation to share-based
payments.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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