National Express Group PLC Director/PDMR Shareholding (7368Z)
March 16 2017 - 12:14PM
UK Regulatory
TIDMNEX
RNS Number : 7368Z
National Express Group PLC
16 March 2017
16 March 2017
NATIONAL EXPRESS GROUP PLC (the 'Company')
Notification of transactions by Persons Discharging Managerial
Responsibilities ('PDMRs')
On 15 March 2017 awards to the following Executive Directors
under the National Express Group Executive Deferred Bonus Plan (the
'Plan'), which were granted on 15 March 2016, automatically vested
as summarised below.
Name of PDMR Position of Number of shares
PDMR comprised within
the award under
the Plan
---------------- --------------- ------------------
Group Chief
Dean Finch Executive 129,550
---------------- --------------- ------------------
Group Finance
Matthew Ashley Director 40,278
---------------- --------------- ------------------
On 15 March 2017 Mr Finch sold 129,550 shares at a price of
GBP3.59 per share. Mr Finch's personal tax and national insurance
contributions liability arising on the vesting of the shares will
be paid out of the proceeds of this sale. Mr Finch's beneficial
shareholding in the Company remains at 137,598 Ordinary shares.
On 15 March 2017 Mr Ashley sold 40,278 shares at a price of
GBP3.59 per share. Mr Ashley's personal tax and national insurance
contributions liability arising on the vesting of the shares will
be paid out of the proceeds of this sale. Mr Ashley's beneficial
shareholding in the Company remains at 87,891 Ordinary shares.
The following disclosures are made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014:
1. Details of PDMR
------------------------------------------------------ ---------------------------------------
Full Name Dean Finch
-------------------------------------------------- -------------------------------------------
Position / Group Chief Executive
status
-------------------------------------------------- -------------------------------------------
Initial notification Initial notification
/ amendment
-------------------------------------------------- -------------------------------------------
2. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------
Name National Express Group PLC
---------------------------------------------------- -----------------------------------------
LEI 213800A8IQEMY8PA5X34
---------------------------------------------------- -----------------------------------------
3. 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
-----------------------------------------------------------------------------------------------
Description Ordinary shares of 5p each
of the financial GB0006215205
instrument
Identification
code
-------------------------------------------------- -------------------------------------------
Nature of Vesting of shares under the National
the transaction Express Group Executive Deferred
Bonus Plan, acquisition and immediate
disposal of shares.
-------------------------------------------------- -------------------------------------------
Price(s) and Price(s) Volume(s)
volume(s) ------------------ -----------------
GBP3.59 pence per 129,550 Ordinary
Ordinary share shares
------------------ -----------------
-------------------------------------------------- -------------------------------------------
Aggregated
information 129,550 Ordinary shares at GBP3.59
Aggregated per Ordinary share
volume Price totalling GBP465,084.50
-------------------------------------------------- -------------------------------------------
Date of the 15 March 2017.
transaction
-------------------------------------------------- -------------------------------------------
Place of the London Stock Exchange
transaction
-------------------------------------------------- -------------------------------------------
1 Details of PDMR
------------------------------------------------------ ---------------------------------------
Full Name Matthew Ashley
-------------------------------------------------- -------------------------------------------
Position / Group Finance Director
status
-------------------------------------------------- -------------------------------------------
Initial notification Initial notification
/ amendment
-------------------------------------------------- -------------------------------------------
2 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------
Name National Express Group PLC
---------------------------------------------------- -----------------------------------------
LEI 213800A8IQEMY8PA5X34
---------------------------------------------------- -----------------------------------------
3 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
-----------------------------------------------------------------------------------------------
Description Ordinary shares of 5p each
of the financial GB0006215205
instrument
Identification
code
-------------------------------------------------- -------------------------------------------
Nature of Vesting of shares under the National
the transaction Express Group Executive Deferred
Bonus Plan, acquisition and immediate
disposal of shares.
-------------------------------------------------- -------------------------------------------
Price(s) and Price(s) Volume(s)
volume(s) ------------------ ----------------
GBP3.59 pence per 40,278 Ordinary
Ordinary share shares
------------------ ----------------
-------------------------------------------------- -------------------------------------------
Aggregated
information 40,278 Ordinary shares at GBP3.59
Aggregated per Ordinary share
volume Price totalling GBP144,598.02
-------------------------------------------------- -------------------------------------------
Date of the 15 March 2017.
transaction
-------------------------------------------------- -------------------------------------------
Place of the London Stock Exchange.
transaction
-------------------------------------------------- -------------------------------------------
Name of contact and telephone number for queries:
Joy Baldry
Company Secretary
0207 805 3801
Date: 16 March 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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