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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(END) Dow Jones Newswires

March 09, 2018 10:30 ET (15:30 GMT)

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