TIDMSGC
Reissued to include full Information Tables
Stagecoach Group plc: Director/PDMR shareholding
27 May 2022
Further to the announcement released on 20 May 2022 that the
recommended all cash offer (the "Offer") by Inframobility UK Bidco
Limited for Stagecoach Group plc (the "Company") was declared
unconditional, the Company has today been notified of certain
changes to the interests of Sir Brian Souter, Non-Executive
Director, and persons closely associated with him in ordinary
shares of 125/228th pence each in the capital of the Company
("Ordinary Shares").
On 26 May 2022, HGT Finance B Limited (being the holding company
through which Sir Brian Souter holds his and his families'
interests in Ordinary Shares) ("HGT Fin B") accepted the Offer in
respect of 80,167,309 Ordinary Shares.
Souter Investments Limited ("SIL") is the ultimate holding
company of HGT Fin B and, as a result of the sale of Ordinary
Shares by HGT Fin B, the ultimate economic interests of the
shareholders of SIL, including Sir Brian Souter, in Ordinary Shares
have proportionately decreased. The table set out below shows such
changes in ultimate economic interests held by Sir Brian Souter and
persons closely associated with him. Further details are set out in
the notifications set out at the end of this announcement (which
are made in accordance with the UK Market Abuse Regulation).
For further information, please contact:
Stagecoach Group plc
www.stagecoach.com
Ross Paterson Finance Director
01738 642054
Change in ultimate economic interests in Ordinary Shares
Name Change in ultimate economic interests in Ordinary
Shares
--------------------------- -------------------------------------------------
Sir Brian Souter Decrease from 46,993,510 to nil
--------------------------- -------------------------------------------------
Lady Elizabeth Souter Decrease from 49 to nil
--------------------------- -------------------------------------------------
SI 2016 Limited Decrease from 1,592,457 to nil
--------------------------- -------------------------------------------------
The Souter 2011 Family Decrease from 819,264 to nil
Trust
--------------------------- -------------------------------------------------
The BS 1999 Trust Decrease from 1,663,975 to nil
--------------------------- -------------------------------------------------
The BS 1997 Trust Decrease from 8,680,465 to nil
--------------------------- -------------------------------------------------
The Souter Charitable Trust Decrease from 20,417,589 to nil
--------------------------- -------------------------------------------------
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and their Closely Associated Persons
Details of the person discharging managerial responsibilities/person
1 closely associated
--- ----------------------------------------------------------------------------------------------------------------------------
HGT Finance B Limited (being a person closely associated
a) Name with Sir Brian Souter)
--- ------------------------------------------------------------ --------------------------------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------------------------------------------------------------------
Sir Brian Souter is a non-executive director of the
a) Position/status Company
--- ------------------------------------------------------------ --------------------------------------------------------------
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
--- ------------------------------------------------------------ --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
b) Nature of the transaction by HGT Finance B Limited.
--- ------------------------------------------------------------ --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ ------------------ ------------------------------------------
Ordinary Shares GBP1.05 80,167,309
------------------------------------------------------------ ---------------------- ------------------------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
--- ------------------------------------------------------------ --------------------------------------------------------------
e) Date of the transaction 26 May 2022
--- ------------------------------------------------------------ --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ --------------------------------------------------------------
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and their Closely Associated Persons
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
a) Name Sir Brian Souter
--- ------------------------------------------------------------ -----------------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
Sir Brian Souter is a non-executive director of the
a) Position/status Company
--- ------------------------------------------------------------ -----------------------------------------------------------------
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
--- ------------------------------------------------------------ -----------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
by HGT Finance B Limited.
The person making this notification has an interest
in the Ordinary Shares held by HGT Finance B Limited
as a result of their shareholding in Souter Investments
Limited (being the ultimate holding company of HGT
Finance B Limited). The ultimate economic interest
in Ordinary Shares of the person subject to this notification
has decreased from 46,993,510 Ordinary Shares to nil
b) Nature of the transaction as a result of the transaction.
--- ------------------------------------------------------------ -----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ ------------------ ---------------------------------------------
Ordinary Shares GBP1.05 46,993,510
------------------------------------------------------------ ---------------------- ---------------------------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
--- ------------------------------------------------------------ -----------------------------------------------------------------
e) Date of the transaction 26 May 2022
--- ------------------------------------------------------------ -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ -----------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
Lady Elizabeth Souter (being a person closely associated
a) Name with Sir Brian Souter)
--- ------------------------------------------------------------ -----------------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
Sir Brian Souter is a non-executive director of the
a) Position/status Company
--- ------------------------------------------------------------ -----------------------------------------------------------------
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
--- ------------------------------------------------------------ -----------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
by HGT Finance B Limited.
The person making this notification has an interest
in the Ordinary Shares held by HGT Finance B Limited
as a result of their shareholding in Souter Investments
Limited (being the ultimate holding company of HGT
Finance B Limited). The ultimate economic interest
in Ordinary Shares of the person subject to this notification
has decreased from 49 Ordinary Shares to nil as a
b) Nature of the transaction result of the transaction.
--- ------------------------------------------------------------ -----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ -------------------- -------------------------------------------
Ordinary Shares GBP1.05 49
------------------------------------------------------------ ------------------------ -------------------------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
--- ------------------------------------------------------------ -----------------------------------------------------------------
e) Date of the transaction 26 May 2022
--- ------------------------------------------------------------ -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ -----------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
SI 2016 Limited (being a person closely associated
a) Name with Sir Brian Souter)
--- ------------------------------------------------------------ -----------------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
Sir Brian Souter is a non-executive director of the
a) Position/status Company
--- ------------------------------------------------------------ -----------------------------------------------------------------
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
--- ------------------------------------------------------------ -----------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
by HGT Finance B Limited.
The person making this notification has an interest
in the Ordinary Shares held by HGT Finance B Limited
as a result of their shareholding in Souter Investments
Limited (being the ultimate holding company of HGT
Finance B Limited). The ultimate economic interest
in Ordinary Shares of the person subject to this notification
has decreased from 1,592,457 Ordinary Shares to nil
b) Nature of the transaction as a result of the transaction.
--- ------------------------------------------------------------ -----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ -------------------- -------------------------------------------
Ordinary Shares GBP1.05 1,592,457
------------------------------------------------------------ ------------------------ -------------------------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
--- ------------------------------------------------------------ -----------------------------------------------------------------
e) Date of the transaction 26 May 2022
--- ------------------------------------------------------------ -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ -----------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
The Souter 2011 Family Trust (being a person closely
a) Name associated with Sir Brian Souter)
--- ------------------------------------------------------------ -----------------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
Sir Brian Souter is a non-executive director of the
a) Position/status Company
--- ------------------------------------------------------------ -----------------------------------------------------------------
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
--- ------------------------------------------------------------ -----------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
by HGT Finance B Limited.
The person making this notification has an interest
in the Ordinary Shares held by HGT Finance B Limited
as a result of their shareholding in Souter Investments
Limited (being the ultimate holding company of HGT
Finance B Limited). The ultimate economic interest
in Ordinary Shares of the person subject to this notification
has decreased from 819,264 Ordinary Shares to nil
b) Nature of the transaction as a result of the transaction.
--- ------------------------------------------------------------ -----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ -------------------- -------------------------------------------
Ordinary Shares GBP1.05 819,264
------------------------------------------------------------ ------------------------ -------------------------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
--- ------------------------------------------------------------ -----------------------------------------------------------------
e) Date of the transaction 26 May 2022
--- ------------------------------------------------------------ -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ -----------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
The BS 1999 Trust (being a person closely associated
a) Name with Sir Brian Souter)
--- ------------------------------------------------------------ -----------------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
Sir Brian Souter is a non-executive director of the
a) Position/status Company
--- ------------------------------------------------------------ -----------------------------------------------------------------
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
--- ------------------------------------------------------------ -----------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
by HGT Finance B Limited.
The person making this notification has an interest
in the Ordinary Shares held by HGT Finance B Limited
as a result of their shareholding in Souter Investments
Limited (being the ultimate holding company of HGT
Finance B Limited). The ultimate economic interest
in Ordinary Shares of the person subject to this notification
has decreased from 1,663,975 Ordinary Shares to nil
b) Nature of the transaction as a result of the transaction.
--- ------------------------------------------------------------ -----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ -------------------- -------------------------------------------
Ordinary Shares GBP1.05 1,663,975
------------------------------------------------------------ ------------------------ -------------------------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
--- ------------------------------------------------------------ -----------------------------------------------------------------
e) Date of the transaction 26 May 2022
--- ------------------------------------------------------------ -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ -----------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
The BS 1997 Trust (being a person closely associated
a) Name with Sir Brian Souter)
--- ------------------------------------------------------------ -----------------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
Sir Brian Souter is a non-executive director of the
a) Position/status Company
--- ------------------------------------------------------------ -----------------------------------------------------------------
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
--- ------------------------------------------------------------ -----------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
by HGT Finance B Limited.
The person making this notification has an interest
in the Ordinary Shares held by HGT Finance B Limited
as a result of their shareholding in Souter Investments
Limited (being the ultimate holding company of HGT
Finance B Limited). The ultimate economic interest
in Ordinary Shares of the person subject to this notification
has decreased from 8,680,465 Ordinary Shares to nil
b) Nature of the transaction as a result of the transaction.
--- ------------------------------------------------------------ -----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ -------------------- -------------------------------------------
Ordinary Shares GBP1.05 8,680,465
------------------------------------------------------------ ------------------------ -------------------------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
--- ------------------------------------------------------------ -----------------------------------------------------------------
e) Date of the transaction 26 May 2022
--- ------------------------------------------------------------ -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ -----------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -------------------------------------------------------------------------------------------------------------------------------
The Souter Charitable Trust (being a person closely
a) Name associated with Sir Brian Souter)
--- ------------------------------------------------------------ -----------------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------------------------------
Sir Brian Souter is a non-executive director of the
a) Position/status Company
--- ------------------------------------------------------------ -----------------------------------------------------------------
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
--- ------------------------------------------------------------ -----------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
by HGT Finance B Limited.
The person making this notification has an interest
in the Ordinary Shares held by HGT Finance B Limited
as a result of their shareholding in Souter Investments
Limited (being the ultimate holding company of HGT
Finance B Limited). The ultimate economic interest
in Ordinary Shares of the person subject to this notification
has decreased from 20,417,589 Ordinary Shares to nil
b) Nature of the transaction as a result of the transaction.
--- ------------------------------------------------------------ -----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ ------------------ ---------------------------------------------
Ordinary Shares GBP1.05 20,417,589
------------------------------------------------------------ ---------------------- ---------------------------------------------
d) Aggregated information N/A
-- Aggregated volume
-- Price
--- ------------------------------------------------------------ -----------------------------------------------------------------
e) Date of the transaction 26 May 2022
--- ------------------------------------------------------------ -----------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ -----------------------------------------------------------------
(END) Dow Jones Newswires
May 27, 2022 06:25 ET (10:25 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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