TIDMSGC
Stagecoach Group plc
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility
Stagecoach Group plc 2013 Executive Participation Plan (the
"EPP") and Stagecoach Restricted Share Plan (the "RSP")
Granting of EPP Deferred Share Awards for 2021
On 1 July 2021, each of the executive directors set out below
was granted new Deferred Share awards under the EPP.
The EPP Deferred Share Awards are notional interests in Ordinary
Shares of 125/228(th) p in the Company ("Deferred Shares") together
with an entitlement to an additional number of Deferred Shares
equivalent to any dividends that would have been paid on the shares
throughout the vesting period. The awards were made on 1 July 2021
and are subject to a restricted period of three years from the date
of grant and the extent to which the awards vest will be subject to
assessment of performance conditions on vesting.
The EPP Deferred Share Awards made were as follows:
Name of director Number of Deferred Shares awarded
------------------ ---------------------------------
Martin Griffiths 516,199
------------------ ---------------------------------
Ross Paterson 344,159
------------------ ---------------------------------
Granting of RSP Awards for 2021
On 1 July 2021, each of the executive directors set out below
was granted Conditional Awards under the RSP.
The RSP Awards are a conditional entitlement to Ordinary Shares
of 125/228(th) p in the Company ("Shares") together with an
entitlement to an additional number of Shares equivalent to any
dividends that would have been paid on the Shares throughout the
vesting period. The awards were made on 1 July 2021 and are capable
of vesting in three equal tranches, the normal vesting dates for
which shall be the fourth, fifth and sixth anniversaries of the
date of grant respectively.
The Shares will be subject to a holding period which will
commence on the normal vesting date and end on the fifth
anniversary of the date of grant.
The RSP Awards made were as follows:
Name of director Number of Shares subject to Award
------------------ ---------------------------------
Martin Griffiths 595,615
------------------ ---------------------------------
Ross Paterson 397,107
------------------ ---------------------------------
The above transactions have been notified in accordance with the
requirements of the EU Market Abuse Regulation.
The announcement on the granting of EPP Deferred Share Awards
and RSP Awards, including the notifications below, are made in
accordance with the requirements of the EU Market Abuse
Regulation.
Details of the person discharging managerial responsibilities/person
1 closely associated
---------------- -------------------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
---------------- ------------------------------------------------------------- ----------------------------------------------------------------
2 Reason for the notification
---------------- -------------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
---------------- ------------------------------------------------------------- ----------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
---------------- ------------------------------------------------------------- ----------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------- -------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
---------------- ------------------------------------------------------------- ----------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
---------------- ------------------------------------------------------------- ----------------------------------------------------------------
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
4 where transactions have been conducted
---------------- -------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
---------------- -------------------------------------------------------------- ---------------------------------------------------------------
Award by Stagecoach Group plc, for nil consideration,
of 516,199 Deferred Shares, being notional interests
in Ordinary Shares of 125/228(th) p in the Company
under the Stagecoach Group plc 2013 Executive Participation
Plan. The Award made on 1 July 2021, is subject to
a restricted period of three years from the date of
b) Nature of the transaction grant and to conditions to be assessed on vesting.
---------------- -------------------------------------------------------------- ---------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- -------------------------------------------------------------- ---------------------------- ---------------------------------
Deferred Share award Nil consideration 516,199
-------------------------------------------------------------------------------- ---------------------------- ---------------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
----------------- ------------------------------------------------------------- ---------------------------------------------------------------
e) Date of the transaction 2021-07-01
----------------- ------------------------------------------------------------- ---------------------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------- ------------------------------------------------------------- ---------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- ------------------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
--- ------------------------------------------------------------ ----------------------------------------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
--- ------------------------------------------------------------ ----------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
--- ------------------------------------------------------------ ----------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--- ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
--- ------------------------------------------------------------ ----------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
--- ------------------------------------------------------------ ----------------------------------------------------------------
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
4 where transactions have been conducted
--- ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
--- ------------------------------------------------------------- ---------------------------------------------------------------
Award by Stagecoach Group plc, for nil consideration,
of 344,159 Deferred Shares, being notional interests
in Ordinary Shares of 125/228(th) p in the Company
under the Stagecoach Group plc 2013 Executive Participation
Plan. The Award made on 1 July 2021, is subject to
a restricted period of three years from the date of
b) Nature of the transaction grant and to conditions to be assessed on vesting.
--- ------------------------------------------------------------- ---------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------- -------------------------------- -----------------------------
Deferred Share Award Nil consideration 344,159
------------------------------------------------------------------ -------------------------------- -----------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
--- ------------------------------------------------------------- ---------------------------------------------------------------
e) Date of the transaction 2021-07-01
--- ------------------------------------------------------------- ---------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------- ---------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
---------------- --------------------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
---------------- ------------------------------------------------------------- -----------------------------------------------------------------
2 Reason for the notification
---------------- --------------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
---------------- ------------------------------------------------------------- -----------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
---------------- ------------------------------------------------------------- -----------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------- --------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
---------------- ------------------------------------------------------------- -----------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
---------------- ------------------------------------------------------------- -----------------------------------------------------------------
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
4 where transactions have been conducted
---------------- --------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
---------------- -------------------------------------------------------------- ----------------------------------------------------------------
Award by Stagecoach Group plc, for nil consideration,
of Conditional Awards over 595,615 Shares, being conditional
rights to receive Ordinary Shares of 125/228(th) p
in the Company under the Stagecoach Restricted Share
Plan, together with an entitlement to an additional
number of Shares equivalent to any dividends that
would have been paid on the Shares throughout the
normal vesting period. The Award made on 1 July 2021,
is capable of vesting in three equal tranches, the
normal vesting dates for which shall be the fourth,
fifth and sixth anniversaries of the date of grant
b) Nature of the transaction respectively.
---------------- -------------------------------------------------------------- ----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- -------------------------------------------------------------- ---------------------------- ----------------------------------
Conditional Share Awards Nil consideration 595,615
-------------------------------------------------------------------------------- ---------------------------- ----------------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
----------------- ------------------------------------------------------------- ----------------------------------------------------------------
e) Date of the transaction 2021-07-01
----------------- ------------------------------------------------------------- ----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------- ------------------------------------------------------------- ----------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
--- ------------------------------------------------------------ -----------------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
--- ------------------------------------------------------------ -----------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
--- ------------------------------------------------------------ -----------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--- -------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
--- ------------------------------------------------------------ -----------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
--- ------------------------------------------------------------ -----------------------------------------------------------------
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
4 where transactions have been conducted
--- -------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
--- ------------------------------------------------------------- ----------------------------------------------------------------
Award by Stagecoach Group plc, for nil consideration,
of Conditional Awards over 397,107 Shares, being conditional
rights to receive Ordinary Shares of 125/228(th) p
in the Company under the Stagecoach Restricted Share
Plan, together with an entitlement to an additional
number of Shares equivalent to any dividends that
would have been paid on the Shares throughout the
normal vesting period. The Award made on 1 July 2021,
is capable of vesting in three equal tranches, the
normal vesting dates for which shall be the fourth,
fifth and sixth anniversaries of the date of grant
b) Nature of the transaction respectively.
--- ------------------------------------------------------------- ----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------- --------------------------------- -----------------------------
Conditional Share Awards Nil consideration 397,107
------------------------------------------------------------------ --------------------------------- -----------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
--- ------------------------------------------------------------- ----------------------------------------------------------------
e) Date of the transaction 2021-07-01
--- ------------------------------------------------------------- ----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------- ----------------------------------------------------------------
For further information, please contact:
Analysts
Martin Griffiths, Chief Executive 01738 442111
Ross Paterson, Finance Director 07714 667 897
Media
Steven Stewart, Director of Corporate Communications 07764 774 680
1 July 2021
(END) Dow Jones Newswires
July 01, 2021 10:00 ET (14:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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