TIDMSGC
Stagecoach Group plc
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Persons Closely Associated with them
Stagecoach Group plc 2013 Executive Participation Plan (the "2013 EPP")
Vesting of Awards
Awards made on 26 June 2014 ("2014 Awards") under the 2013 EPP to
directors and other persons discharging managerial responsibilities
("PDMR"s) of Stagecoach Group plc (the "Company"), vested on 28 June
2017, resulting in awards of notional interests in Ordinary Shares of
125/228(th) p in the Company ("Deferred Shares") being released and
transferred to those persons for nil consideration in accordance with
the rules of the 2013 EPP.
The Company will transfer to Martin Griffiths, Ross Paterson, Tim
Shoveller and Mark Threapleton, ordinary shares of 125/228(th) p each
("Ordinary Shares") equivalent to the number of Deferred Shares in their
respective awards, less a number of shares equivalent in value to
payroll tax deductions due on the vesting of those awards.
A summary of these proposed transactions is set out below:
Reduction in number of Deferred Share award to cover Number of Ordinary Shares to be transferred to director/
Name of director/ PDMR Number of Deferred Shares vesting under the 2014 Awards taxes and duties PDMR
Martin Griffiths
(Director) 89,179 41,915 47,264
Ross Paterson (Director) 59,454 27,944 31,510
Tim Shoveller (PDMR) 16,756 7,876 8,880
Mark Threapleton (PDMR) 13,579 6,383 7,196
Robert Andrew's Award of 10,921 Deferred Shares vested on 28 June 2017
and will be satisfied by a payment equivalent to the market value of an
Ordinary Share on the vesting date for each Deferred Share that vested
under his 2014 Award, subject to deduction of payroll taxes.
The Company will satisfy the vesting of the above awards and other 2014
Awards held by Stagecoach employees that vested on 28 June 2017 by cash
settlement and by the transfer of 190,231 of its shares held in
treasury.
Granting of 2013 EPP Awards
On 29 June 2017, each of the directors/ persons discharging managerial
responsibilities ("PDMR"s) set out below was granted new Deferred Share
awards under the 2013 EPP. The transactions have been notified in
accordance with the requirements of the EU Market Abuse Regulation.
The 2013 EPP awards are notional interests in Ordinary Shares of
125/228(th) p in the Company ("Deferred Shares") together with an
entitlement to receive a payment on vesting in respect of any dividends
declared on the Deferred Shares throughout the vesting period. The
awards were made on 29 June 2017 and are subject to a restricted period
of three years from the date of grant. The awards will generally vest on
the expiry of this three-year period and the normal date of vesting will
be 29 June 2020.
The awards made were as follows:
Name of director/ PDMR Number of Deferred Shares awarded
Martin Griffiths (Director) 79,105
Ross Paterson (Director) 51,072
Robert Andrew (PDMR) 10,508
Linda Burtwistle (PDMR) 41,704
Tim Shoveller (PDMR) 26,556
Mark Threapleton (PDMR) 20,963
The announcements on the vesting and granting of EPP Awards, including
the notifications below, are made in accordance with the requirements of
the EU Market Abuse Regulation.
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Martin Griffiths
2 Reason for the notification
a) Position/status Chief Executive
b) Initial notification/ Amendment This is an initial notification
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Stagecoach Group plc
b) LEI 4L663LRNTBQ008OK2N07
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
4 where transactions have been conducted
Description of the financial instrument, type of instrument Ordinary shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
Receipt, for nil consideration, of 47,264 Ordinary
shares on the vesting of Deferred Share awards under
the Stagecoach Group plc 2013 Executive Participation
Plan, after deduction of sufficient Deferred Shares
to cover taxes.
Award by Stagecoach Group plc, for nil consideration,
of 79,105 Deferred Shares, being notional interests
in Ordinary Shares of 125/228(th) p in the Company
under the Stagecoach Group plc 2013 Executive Participation
Plan. The Award made on 29 June 2017, is subject to
a restricted period of three years from the date of
grant. The normal date of vesting of the Award will
b) Nature of the transaction be 29 June 2020.
c) Price(s) and volume(s) Price(s) Volume(s)
Deferred Shares received Nil consideration 47,264
Deferred Share Award Nil consideration 79,105
d) Aggregated information
- Aggregated volume Not Applicable
- Price
e) Date of the transaction 2016-06-28
f) Place of the transaction Outside a trading venue
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Ross Paterson
2 Reason for the notification
a) Position/status Finance Director
b) Initial notification/ Amendment This is an initial notification
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Stagecoach Group plc
b) LEI 4L663LRNTBQ008OK2N07
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
4 where transactions have been conducted
Description of the financial instrument, type of instrument Ordinary shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
Receipt, for nil consideration, of 31,510 Ordinary
shares on the vesting of Deferred Share awards under
the Stagecoach Group plc 2013 Executive Participation
Plan, after deduction of sufficient Deferred Shares
to cover taxes.
Award by Stagecoach Group plc, for nil consideration,
of 51,072 Deferred Shares, being notional interests
in Ordinary Shares of 125/228(th) p in the Company
under the Stagecoach Group plc 2013 Executive Participation
Plan. The Award made on 29 June 2017, is subject to
a restricted period of three years from the date of
grant. The normal date of vesting of the Award will
b) Nature of the transaction be 29 June 2020.
c) Price(s) and volume(s) Price(s) Volume(s)
Deferred Shares received Nil consideration 31,510
Deferred Share Award Nil consideration 51,072
d) Aggregated information
- Aggregated volume Not Applicable
- Price
e) Date of the transaction 2016-06-28
f) Place of the transaction Outside a trading venue
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Robert Andrew
2 Reason for the notification
a) Position/status Managing Director, UK Bus Division (Scotland)
b) Initial notification/ Amendment This is an initial notification
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Stagecoach Group plc
b) LEI 4L663LRNTBQ008OK2N07
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
4 where transactions have been conducted
Description of the financial instrument, type of instrument Ordinary shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
Cash Settlement by Stagecoach Group plc of an amount
equivalent to the value of 10,921 Ordinary shares
on the vesting of Deferred Share awards under the
Stagecoach Group plc 2013 Executive Participation
Plan, subject to deduction of payroll taxes.
Award by Stagecoach Group plc, for nil consideration,
of 10,508 Deferred Shares, being notional interests
in Ordinary Shares of 125/228(th) p in the Company
under the Stagecoach Group plc 2013 Executive Participation
Plan. The Award made on 29 June 2017, is subject to
a restricted period of three years from the date of
grant. The normal date of vesting of the Award will
b) Nature of the transaction be 29 June 2020.
c) Price(s) and volume(s) Price(s) Volume(s)
Cash Settlement Market Value GBP 1.911 10,921
Deferred Share Award Nil consideration 10,508
d) Aggregated information
- Aggregated volume Not Applicable
- Price
e) Date of the transaction 2016-06-28
f) Place of the transaction Outside a trading venue
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Tim Shoveller
2 Reason for the notification
a) Position/status Managing Director, UK Rail Division
b) Initial notification/ Amendment This is an initial notification
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Stagecoach Group plc
b) LEI 4L663LRNTBQ008OK2N07
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
4 where transactions have been conducted
Description of the financial instrument, type of instrument Ordinary shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
Receipt, for nil consideration, of 8,880 Ordinary
shares on the vesting of Deferred Share awards under
the Stagecoach Group plc 2013 Executive Participation
Plan, after deduction of sufficient Deferred Shares
to cover taxes.
Award by Stagecoach Group plc, for nil consideration,
of 26,556 Deferred Shares, being notional interests
in Ordinary Shares of 125/228(th) p in the Company
under the Stagecoach Group plc 2013 Executive Participation
Plan. The Award made on 29 June 2017, is subject to
a restricted period of three years from the date of
grant. The normal date of vesting of the Award will
b) Nature of the transaction be 29 June 2020.
c) Price(s) and volume(s) Price(s) Volume(s)
Deferred Shares received Nil consideration 8,880
Deferred Share Award Nil consideration 26,556
d) Aggregated information
- Aggregated volume Not Applicable
- Price
e) Date of the transaction 2016-06-28
f) Place of the transaction Outside a trading venue
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Mark Threapleton
2 Reason for the notification
a) Position/status Managing Director, UK Bus Division (England and Wales)
b) Initial notification/ Amendment This is an initial notification
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Stagecoach Group plc
b) LEI 4L663LRNTBQ008OK2N07
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
4 where transactions have been conducted
Description of the financial instrument, type of instrument Ordinary shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
Receipt, for nil consideration, of 7,196 Ordinary
shares on the vesting of Deferred Share awards under
the Stagecoach Group plc 2013 Executive Participation
Plan, after deduction of sufficient Deferred Shares
to cover taxes.
Award by Stagecoach Group plc, for nil consideration,
of 20,963 Deferred Shares, being notional interests
in Ordinary Shares of 125/228(th) p in the Company
under the Stagecoach Group plc 2013 Executive Participation
Plan. The Award made on 29 June 2017, is subject to
a restricted period of three years from the date of
grant. The normal date of vesting of the Award will
b) Nature of the transaction be 29 June 2020.
c) Price(s) and volume(s) Price(s) Volume(s)
Deferred Shares received Nil consideration 7,196
Deferred Share Award Nil consideration 20,963
d) Aggregated information
- Aggregated volume Not Applicable
- Price
e) Date of the transaction 2016-06-28
f) Place of the transaction Outside a trading venue
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Linda Burtwistle
2 Reason for the notification
a) Position/status President & CEO, Coach USA, North America Division
b) Initial notification/ Amendment This is an initial notification
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Stagecoach Group plc
b) LEI 4L663LRNTBQ008OK2N07
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
4 where transactions have been conducted
Description of the financial instrument, type of instrument Ordinary shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
Award by Stagecoach Group plc, for nil consideration,
of 41,704 Deferred Shares, being notional interests
in Ordinary Shares of 125/228(th) p in the Company
under the Stagecoach Group plc 2013 Executive Participation
Plan. The Award made on 29 June 2017, is subject to
a restricted period of three years from the date of
grant. The normal date of vesting of the Award will
b) Nature of the transaction be 29 June 2020.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil consideration 41,704
d) Aggregated information
- Aggregated volume Not Applicable
- Price
e) Date of the transaction 2016-06-28
f) Place of the transaction Outside a trading venue
For further information, please contact:
Analysts
Martin Griffiths, Chief Executive
01738 442111
Ross Paterson, Finance Director
01738 442111
Media
Steven Stewart, Director of Corporate Communications 07764 774680
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Stagecoach Group PLC via Globenewswire
http://www.stagecoachgroup.com
(END) Dow Jones Newswires
June 30, 2017 06:05 ET (10:05 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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