RIV.L

River & Mercantile Group Plc
Rivr&Merctl Grp Plc - Director/PDMR Shareholding
20th May 2022, 14:13
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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 £0.003 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

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Alex Hoctor-Duncan

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer - PDMR

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 instrument, type of instrument

Ordinary shares of £0.003 pence each



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

 

 

 

 

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Alex Hoctor-Duncan

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer - PDMR

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 instrument, type of instrument

Ordinary shares of £0.003 pence each



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

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Simon Wilson

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer - PDMR

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 instrument, type of instrument

Ordinary shares of £0.003 pence each



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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