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 |
| Mark Cook | 873,763 |
The options are exercisable in the period 16 January 2026 to 15 January 2033 at an exercise price of £0.00 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 (interim) | investorrelations@rm.com |
Notes:
| 1. | The RM Performance Share Plan 2019 was approved by shareholders at the Company's AGM held on 27 March 2019. |
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||
| a)
| Name | Mark Cook | |
| 2
| Reason for the notification | ||
| a)
| Position/status | PDMR | |
| b)
| Initial notification /Amendment | Initial notification | |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a)
| Name
| RM plc | |
| b)
| LEI | 2138005RKUCIEKLXWM61 | |
| 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 2 2/7 pence each | |
| | | ||
| 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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