National Express Group PLC Transaction in Own Shares (9930G)
March 07 2018 - 10:30AM
UK Regulatory
TIDMNEX
RNS Number : 9930G
National Express Group PLC
07 March 2018
National Express Group PLC
Market purchase of shares
to be held in the Company's employee benefit trust
National Express Group PLC ("Company") today confirms it has
been notified that on 6 March 2018, First Names Corporate Services
Limited, acting as Trustee of the National Express Group Employee
Benefit Trust ("Trust"), purchased 550,000 (five hundred and fifty
thousand) ordinary shares of nominal value 5 pence each in the
capital of the Company ("Shares") at an average price of 383.9922
pence per share.
The Trust holds Shares for the benefit of the Company's
employees, in particular for satisfying the future vesting of
outstanding awards made under the Company's various employee share
incentive plans. As such, Dean Finch, Chris Davies and Matt Ashley,
as Executive Directors and PDMRs, are amongst the potential
beneficiaries of the Shares held in Trust.
Immediately following the above transaction, the Trust holds
1,369,346 Shares for the above purpose, representing 0.27% of the
Company's issued share capital with voting rights.
END
Enquiries to National Express Group PLC:
Michael Arnaouti, Company Secretary 020 7805 3807
Notes
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 2.4 (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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