TIDMFGP 
 
FirstGroup plc 
 
LEI: 549300DEJZCPWA4HKM93 
 
4 August 2021 
 
                          Director/PDMR Shareholding 
 
     Grant of award under the FirstGroup Long-Term Incentive Plan ("LTIP") 
 
FirstGroup plc (the "Company") announces that on 2 August 2021, the Company 
granted a nil-cost option over 934,274 Ordinary Shares of £0.05 each in the 
capital of the Company to Chief Financial Officer, Ryan Mangold. 
 
The LTIP award will normally vest on the third anniversary of the date of award 
subject to satisfaction of performance conditions and continued employment. 
 
In light of the continuing uncertainty regarding the duration of social 
distancing measures in our major markets, the pace and shape of the broader 
economic recovery and the impact of material portfolio changes, FirstGroup's 
Remuneration Committee (the "Committee") will delay the setting of targets for 
the 2021 LTIP awards until there is greater clarity regarding these factors. 
The targets will be set no later than six months following the grant date, and 
these will be fully disclosed in the 2022 Directors' Remuneration Report. 
 
As is normal practice, the Committee will ensure that any vesting is 
appropriate in the context of underlying financial performance and the 
experience of the Group's wider stakeholders.  The Committee retains the 
ability to apply discretion when determining remuneration outcomes to ensure 
that the value at vesting is fully reflective of the performance delivered. 
 
This notification is made in accordance with Article 19 of the Market Abuse 
Regulation (EU) 596/2014. 
 
Enquiries: 
 
Seema Kamboj, Deputy Company Secretary 
 
+44 (0) 7583 675724 
 
   Notification and public disclosure of transactions by persons discharging 
     managerial responsibilities and persons closely associated with them 
 
1    Details of the person discharging managerial responsibilities / 
     person closely associated 
 
a)   Name                     Ryan Mangold 
 
 
2    Reason for the notification 
 
a)   Position/status          Chief Financial Officer 
 
 
b)   Initial notification /   Initial 
     Amendment 
 
3    Details of the issuer, emission allowance market participant, auction 
     platform, auctioneer or auction monitor 
 
a)   Name                     FirstGroup plc 
 
b)   LEI                      549300DEJZCPWA4HKM93 
 
 
 
4    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 
 
a)   Description of the        Ordinary shares of 5p each 
     financial instrument, 
     type of instrument 
                               GB0003452173 
     Identification code 
 
b)   Nature of the transaction Grant of nil-cost option to acquire shares 
                               under the LTIP 
 
c)   Price(s) and volume(s)    Price(s)    Volume(s) 
 
                               Nil         934,274 
 
d)   Aggregated Information 
 
     -     Aggregated volume   934,274 
 
     -     Price               £0.00 
 
e)   Date of the transaction   2 August 2021 
 
f)   Place of the transaction  London Stock Exchange (XLON) 
 
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 
 
 
 
END

(END) Dow Jones Newswires

August 04, 2021 11:48 ET (15:48 GMT)

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