DIRECTOR DEALINGS: RM Chief Executive, CFO Granted Shares

[TrueBlueTerrier]

DIRECTOR DEALINGS: Royal Mail Chief Executive, CFO Granted Shares


http://www.lse.co.uk/AllNews.asp?code=s ... ted_Shares" onclick="window.open(this.href);return false;

LONDON (Alliance News) - Royal Mail PLC Friday said Chief Executive Moya Greene and Chief Financial officer Matthew Lester were granted 108,357 shares and 98,797 shares, respectively, under its long term incentive plan.

The grant to Green has a current market value of GBP480,455, while the shares granted to Lester have a value of GBP438,066.


In addition, the company said 13 managers were also granted shares under the long term incentive plan, details of which follow:

PDMRs

No of Shares

MR JONATHAN MILLIDGE

69,626

MS SUSAN WHALLEY

72,890

MR GARY SIMPSON

42,428

MR MICHAEL NEWNHAM

67,451

MR JOHN AGAR

48,956

MR NICHOLAS LANDON

37,859

MS EMILY PANG

55,484

MR SHANE O'RIORDAIN

76,154

MR STUART SIMPSON

51,132

MR NEIL HARNBY

65,275

MR DEREK FOSTER

28,280

MRS CATHERINE DORAN

62,011

MR RICO BACK

71,940


Royal Mail shares closed down 1.00 pence at 443.40 pence Friday.

[POSTMAN]

c***s

[westham000]

A very good Incentive scheme Moya and her fellow Directors have!

[redneck]

Welcome to full privatisation, standard practice for company directors and senior managers, lining their own pockets. Of course they are worth every penny and there are not many people who are worthy of the job.

[ashadd]

So..............whats our incentive? ??????? :

[Jamesethefirst]

So..............whats our incentive? ??????? :

Do your lapsing first,then you will be incentivised to complete and not cut off. Apparently.

[shepherdess]

Sorted out there incentive scheme what about the one that was supposed to be up and running by april ?

[Nigel1505]

Jackanory. FCUK you and me; I've got my shares matey, so say the board.. The silence is deafening on this one

[fishtank]

So...where did these shares come from?
Did the company purchase them on the open market to hand out to their own directors or where they held back from the original flotation fleecing the taxpayer even more?
Vince Cable might know.

[cyclemech1]

So...where did these shares come from?
Did the company purchase them on the open market to hand out to their own directors or where they held back from the original flotation fleecing the taxpayer even more?
Vince Cable might know.

You might think that - he couldn't possibly comment.

[freelunch]

So...where did these shares come from?

I expect these are newly issued shares.

[gand]

Here's a post from the cwu web site that can still be viewed from the last great deal they sold us out to.

"New incentive arrangements to be introduced by April 2014."

So the question is were the hell is this part of the agreement!

Or did that just mean new incentives for ceo's?

http://www.cwu.org/news/archive/ground- ... ction.html" onclick="window.open(this.href);return false;

[freelunch]

"New incentive arrangements to be introduced by April 2014."

So the question is were the hell is this part of the agreement!

Ah well, you see it doesn't look too good for Royal Mail if on one hand they're saying to Ofcom "direct delivery competition by TNT is a threat to the sustainability of the USO".
Then on the other hand they're offering incentive bonuses to the workforce......

Oh wait....

[TrueBlueTerrier]

http://www.out-law.com/topics/tax/share ... companies/" onclick="window.open(this.href);return false;

As I understand it they still have to cough up some money, but the price they pay is fixed.

Share options

Share options are contractual rights to acquire shares in a company at some time in the future, at a price per share ("exercise price") which is fixed when the options are granted rather when the shares are acquired. The options may be granted by the company itself, or by a third party such as an employees' trust.

Share options are typically – and may be required to be – granted with an exercise price fixed at or above the market value at the date of the grant. However, some share options may be granted with an exercise price which is less than market value, or with no exercise price at all. These options can lead to complications, as English company law prevents a company from issuing shares at less than their nominal value.

Market value options only provide a reward to the employee to the extent that the value of the shares increases above the market value at the date of the original grant. Discounted or no-cost share options will provide the employee with some or all of the historic value of the shares, so that even if the shares fall in value there may still be some benefit to the participant. The employee may be entitled to take up a share option on the achievement of performance targets, after a certain time period has passed or when a particular event - such as a sale or flotation - occurs.

Participation in share option schemes is voluntary, and until deciding to exercise the options and acquiring the shares a participant will not bear any financial risk if the shares fall in value. Equally, until the time that share options are exercised, the participant is not a shareholder and has no right to vote at shareholder meetings or receive any dividends.

[TrueBlueTerrier]

http://www.lse.co.uk/AllNews.asp?code=q ... uys_Shares" onclick="window.open(this.href);return false;

LONDON (Alliance News) - Royal Mail PLC Thursday said Non-Executive Director Paul Murray bought 12,304 shares at a price of GBP4.2152 per share Wednesday.

Following this transaction, Murray holds 15,334 shares.

Shares in the postal service were trading at 415.39 pence, down 1.2%, Thursday.