National Express Group PLC Director/PDMR Shareholding (2956H)
March 09 2018 - 10:30AM
UK Regulatory
TIDMNEX
RNS Number : 2956H
National Express Group PLC
09 March 2018
National Express Group PLC
9 March 2018
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
The Company provides notification of the following transactions,
all effected on 8 March 2018 on the London Stock Exchange, relating
to the three below named PDMRs and their respective interests in
the ordinary shares of nominal value 5p each in the capital of the
Company ("Shares") (ISIN: GB0006215205).
The transactions arise in respect of: (i) the nil cost
acquisition and full sale of the one-year deferred forfeitable
Shares granted on 8 March 2017 under the rules of the Company's
Executive Deferred Bonus Plan ("EDBP") relating to the 2016 annual
bonus, (ii) the one-year deferred forfeitable Shares award granted
at nil cost under the EDBP relating to the 2017 annual bonus, and
(iii) the sale of certain shares beneficially owned.
Individual PDMR details are set out in the table below:
Name Number Number Number Total Total
and position of forfeitable of forfeitable of beneficially beneficial other
of PDMR Shares Shares owned interest interest
acquired awarded Shares held in held in
and sold as per sold Shares Shares
as per (ii) as per following following
(i) above above (iii) the transactions the transactions
(1) (2) (1) (3) above
--------------- ----------------- ---------------- ----------------- ------------------ ------------------
Dean
Finch,
Group 91,838
Chief at 393.9245p
Executive per share 119,939 - 334,081 1,266,549
--------------- ----------------- ---------------- ----------------- ------------------ ------------------
Chris
Davies,
Group
Finance
Director - 24,708 - 3,000 271,907
--------------- ----------------- ---------------- ----------------- ------------------ ------------------
20,196
Matthew at 395p
Ashley, per share
President
and CEO, 31,503 43,188
North at 393.9245p at 393.9245p
America per share 37,021 per share 124,278 332,898
--------------- ----------------- ---------------- ----------------- ------------------ ------------------
(1) Malus and clawback apply to forfeitable Shares awarded under
the EDBP for two-years from the date of grant, including post
cessation of employment.
(2) The Shares sold included those compulsorily sold to cover
the immediate personal tax and social security liability arising on
vesting. All Shares are delivered through the Company's Employee
Benefit Trust.
(3) The forfeitable Shares awarded were determined based on a
share price of 378.16p, being the average mid-market price of a
Company share for the five business days immediately preceding the
date of grant.
Including those held by connected persons.
Under the Company's EDBP and LTIP.
The Company can confirm that each of the PDMRs has complied with
their respective obligations to notify the Financial Conduct
Authority in respect of the above transactions as is their
requirement under the EU Market Abuse Regulation.
- END -
National Express contact and telephone number for enquiries:
Michael Arnaouti, Group Company Secretary
++44 (0) 207 805 3807
Notes
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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