FirstGroup PLC Director/PDMR Shareholding
August 23 2022 - 6:05AM
UK Regulatory
TIDMFGP
FirstGroup plc
LEI: 549300DEJZCPWA4HKM93
23 August 2022
Director/PDMR Shareholding
The FirstGroup Long-Term Incentive Plan ("LTIP")
On 19 August 2019, in accordance with the rules of the LTIP, FirstGroup plc
(the "Company") granted 765,175 nil-cost options over Ordinary Shares of 5
pence each in the capital of the Company to Ryan Mangold, an Executive
Director. Following the testing of the performance conditions attached to these
nil-cost options, which were reviewed as part of the FY 2022 audit, the
Remuneration Committee has confirmed that 677,179 nil-cost options (88.5%)
would vest and the remainder (87,996 nil-cost options) would lapse on 19 August
2022.
The awards granted to Mr Mangold were structured as nil-cost options and may be
exercised for up to 12 months following vesting. The awards were subject to
clawback and malus, and a two-year post vesting holding period, as per the
rules of the LTIP.
Mr Mangold exercised 677,179 nil-cost options on 19 August 2022. On 22 August
2022, 327,533 Ordinary Shares were sold at 109.019 pence per share to cover
applicable tax and national insurance. Following exercise of the awards, the
balance, 349,646 shares, were released to Mr Mangold in accordance with the
Plan Rules. Upon release of these shares Mr Mangold immediately transferred
349,646 shares to his wife, Mrs Nicole Mangold, at nil cost.
This notification is made in accordance with Article 19 of the UK Market Abuse
Regulation (EU) 596/2014.
Enquiries:
David Blizzard, Company Secretary
Stuart Butchers, Group Head of Communications
Faisal Tabbah, Head of Investor Relations
Tel: +44 (0) 20 7725 3354
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 and Executive
Director
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 Exercise of nil-cost options to acquire shares
transaction under the LTIP granted in 2019, sale of shares
to cover tax and transfer of shares to spouse
c) Price(s) and volume(s) Price(s) Volume(s)
Nil Options exercised
677,179
£1.09019
Shares sold to cover tax
Nil 327,533
Nil Number of shares released
349,646
Number of shares transferred
to
spouse
349,646
d) Aggregated Information
See above
£1.09019
e) Date of the transaction 22 August 2022
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
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 Nicole Mangold
2 Reason for the notification
a) Position/status Wife of Ryan Mangold, 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 Transfer of shares from Ryan Mangold
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 349,646
d) Aggregated Information
349,646
£0.00
e) Date of the transaction 22 August 2022
f) Place of the transaction Off market gift
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 23, 2022 06:05 ET (10:05 GMT)
Firstgroup (LSE:FGP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Firstgroup (LSE:FGP)
Historical Stock Chart
From Apr 2023 to Apr 2024