Bosses are quids in after amassing nearly £350K of shares

[TrueBlueTerrier]

Royal Mail privatisation: Bosses are quids in after amassing nearly £350,000 of shares

http://www.mirror.co.uk/money/city-news ... ds-2460666" onclick="window.open(this.href);return false;

Figures show directors and senior managers at the Royal Mail, including chief executive Moya Greene, are benefiting thanks to a surge in the share price

Top bosses at Royal Mail have amassed nearly £350,000 worth of shares in the privatised postal giant.

Figures show directors and senior managers at the postal firm are quids in thanks to a surge in the share price.

Royal Mail chief exectutive Moya Greene is among those sitting on a tidy profit, with more than £17,300 worth of shares.

All Royal Mail employees received free shares in the company as part of the controversial privatisation.

However, they were also given priority to buy up to £10,000 worth of shares using their own money.

That is despite small investors being prevented from buying more than £750 worth.

Records show big bosses used this entitlement to snap-up shares in the business.

Eleven directors have between them more than 35,000 shares in the firm, a combination of those they were given or bought.

Those shares started off being worth around £115,500. However, because of the surge in the share price, they are now worth more than £168,000.

The shares they were given for free cannot be sold for three years.

Moya Greene has 3,643 shares in the company, records show. They started off being worth just over £12,000 but were worth £17,300 at yesterday’s closing price - a healthy £5,300 paper profit.

Ms Greene’s basic salary is £498,000, but other benefits mean her total package is around £1.1m.

However, she has agreed to return £120,000 paid towards the cost of buying a house after Business Secretary Vince Cable objected to the payment.

[POSTMAN]

To be fair the amount these cruds earn anyway,what the hell is a few grand going to do to their lifestyles,are they that f***ing greedy.

[borders]

Yes , in a nutshell .

[borders]

NO , sorry cancel that. they are only getting what is rightfully theirs, they have done nothing wrong, they are legally entitled to it , they have broke no laws etc , etc

[DavidUK]

Trashy sensationalist reporting. Moria Green's holding is virtually the same as my own and I'm just a OPG

[UnhappyGremlin]

As pointed out, £17,000 in shares is irrelevant when compared to a £1.6m a year salary.
And, no doubt, Moya is already sitting on a sizeable personal fortune anyway.

[Shambles]

Ah harr but listen up...

I heard you have to pay to get through Hells Gates, where as Heavens Gates open freely to the Good and Righteous!

Some people will have to work til their dying breath to save enough!! We should have a whip round for them..again!!

[wabbithunta]

So nice to see that they get this amount of shares for all of their "hard work"

http://www.londonstockexchange.com/exch ... d=11744150" onclick="window.open(this.href);return false;

Royal Mail plc
Director/PDMR shareholding: Disclosure and Transparency Rules 3.1.4R(1)(a)


In accordance with the FCA's Disclosure and Transparency Rules, Royal Mail plc (the "Company") announces that on 16 October 2013 the Directors of the Company and Persons Discharging Managerial Responsibilities ("PDMRs") have the following interests in the Company's ordinary shares ("Ordinary Shares") (all of which are beneficial or, where indicated below, are the aggregate interests of the relevant Director or PDMR and persons connected with that Director or PDMR):

Name of Director or PDMR

Number of Ordinary Shares

Directors

Donald Brydon CBE
3,030
Orna Ni-Chionna
3,030
Moya Greene
3,643
Matthew Lester
3,643
Mark Higson
3,643
John Allan CBE(1)
3,257
Jan Babiak
3,030
Nick Horler
3,030
Cath Keers
3,030
Paul Murray
3,030
Les Owen
3,030

PDMRs

Stephen Agar
3,643
Catherine Doran
3,643
John Duncan
3,643
Derek Foster
3,643
Neil Harnby
3,643
Nick Landon
613
Jon Millidge
3,870
Mike Newnham(1)
2,052
Shane O'Riordain
3,643
Emily Pang
3,037
Gary Simpson
2,128
Sue Whalley
3,870
Note: (1) Includes interests in Ordinary Shares of persons connected with the relevant Director or PDMR.