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Royal Mail CEO Rico Back buys 300,000 shares at 1.792256 GBP for a total of 537,676.80 GBP following trading update for the period ending ended 29 December 2019

07 Feb 2020, 14:49

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RMG/14415667.html

RNS Number : 3815C
Royal Mail PLC
07 February 2020

Royal Mail plc

(Incorporated in England and Wales)

Company Number: 8680755

LSE Share Code: RMG

ISIN: GB00BDVZYZ77

LEI: 213800TCZZU84G8Z2M70

7 February 2020


Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

Royal Mail plc (the "Company") received notification that on the 6 February 2020 the Director listed below traded in ordinary shares of one pence each in the capital of the Company as set out in the following table:

The below notification, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation, provides further detail.

1 Details of the person discharging managerial responsibilities / person closely associated

a) Name

Rico Back

2 Reason for the notification

a) Position/status

Group Chief Executive Officer

b) Initial notification /Amendment

Initial Notification

3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name

Royal Mail plc

b) LEI

213800TC22U84G8Z2M70

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

Identification code

Ordinary shares of £0.01 each in Royal Mail plc
GB00BDVZYZ77

b) Nature of the transaction

Purchase of Shares

c) Price(s) and volume(s)
Price(s)

Volume(s)

Ordinary shares

£1.784

2806

Ordinary shares

£1.7865

15232

Ordinary shares

£1.7845

7501

Ordinary shares

£1.786

9686

Ordinary shares

£1.7875

8520

Ordinary shares

£1.7915

9547

Ordinary shares

£1.795

10909

Ordinary shares

£1.793

10359

Ordinary shares

£1.797

9263

Ordinary shares

£1.8005

9383

Ordinary shares

£1.801

11117

Ordinary shares

£1.803

10608

Ordinary shares

£1.789

185069

d) Aggregated information

Aggregate Price

£1.792256

Aggregate Volume

Aggregate Total

300,000

Ordinary shares
£537,676.80

GDP

e) Date of the transaction

6 February 2020

f)
Place of the transaction

London Stock Exchange (XLON)

For more information, please contact:

Investor Relations

John Crosse

Phone: 020 7449 8183

Email: investorrelations@royalmail.com

Media Relations

Beth Longcroft

Phone: 07435 768 549

Email: beth.longcroft@royalmail.com

Royal Mail press office out of hours: 020 7449 8246

Company Secretary

Mark Amsden

Phone: 020 7449 8289

Email: cosec@royalmail.com

Royal Mail CEO Rico Back buys 300,000 shares at 1.792256 GBP for a total of 537,676.80 GBP following trading update for the period ending ended 29 December 2019

07 Feb 2020, 16:53

Again! How many has he got now?

Royal Mail CEO Rico Back buys 300,000 shares at 1.792256 GBP for a total of 537,676.80 GBP following trading update for the period ending ended 29 December 2019

07 Feb 2020, 18:00

https://www.morningstar.co.uk/uk/news/AN_1581085227600473100/director-dealings-royal-mail-ceo-buys-more-than-gbp500000-in-shares.aspx

POSTMAN wrote:Again! How many has he got now?


DIRECTOR DEALINGS: Royal Mail CEO Buys More Than GBP500,000 In Shares
(Alliance News)
Alliance News7 February, 2020 | 2:20PMEmail Form


(Alliance News) - Letter and parcel carrier Royal Mail on Friday said Chief Executive Officer Rico Back bought GBP537,676 worth of shares in 13 transactions on Thursday.

Back purchased a total of 300,000 shares at an average price of GBP1.79 each. His total shareholding following the transactions was not disclosed.

The stock was trading 3.8% lower at 172.15 pence each on Friday afternoon in London.

Royal Mail had been London's worst-performing stock on Thursday, dropping 5.5%, after saying it will miss its productivity target and warning its core UKPIL business could be loss-making in the upcoming 2021 financial year.

The stock was priced at 330p in its 2013 initial public offering.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

Royal Mail CEO Rico Back buys 300,000 shares at 1.792256 GBP for a total of 537,676.80 GBP following trading update for the period ending ended 29 December 2019

07 Feb 2020, 18:24

Image

Royal Mail CEO Rico Back buys 300,000 shares at 1.792256 GBP for a total of 537,676.80 GBP following trading update for the period ending ended 29 December 2019

07 Feb 2020, 18:35

The question has to be why. All he does is talk the future of the company down and criticise it and yet hoover up millions of pounds worth of shares!!! Th fat f**k is up to something crooked. Surely this should be referred to some sort of regulatory body for a closer look.
Last edited by GRS on 08 Feb 2020, 06:25, edited 1 time in total.

Royal Mail CEO Rico Back buys 300,000 shares at 1.792256 GBP for a total of 537,676.80 GBP following trading update for the period ending ended 29 December 2019

07 Feb 2020, 22:46

Pigs, rats, & cockroaches are three of the most intelligent creatures on planet Earth so to associate Rico Black with any of those creatures would be an insult to them.
I am not sure Rico was obligated to make the most recent comments he said regarding RM especially as they were just his opinion and as a wise man once said ' opinions are like ****holes - everyone has got one '
Given that he has followed on from his damaging & inaccurate suppositions by increasing his portfolio with more RM shares at a knockdown price I also wonder why this doesn't fall under insider trading or other regulations.
We live in a corrupt world I am afraid.

Royal Mail CEO Rico Back buys 300,000 shares at 1.792256 GBP for a total of 537,676.80 GBP following trading update for the period ending ended 29 December 2019

08 Feb 2020, 04:52

Capitalism Sucks

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