Director/PDMR
Shareholding
Exercise of
options under LTIP and EABP schemes and partial sale to
satisfy resulting Income Tax and National Insurance liabilities
FirstGroup plc (the "Company") has been notified that Chief
Executive Matthew Gregory exercised
the following options over ordinary shares of 5 pence each which were awarded in 2016, in
accordance with the terms of the LTIP and EABP schemes:
Plan |
Number of shares under
option |
Long Term Incentive Plan 2016 (“LTIP
2016”) |
95,528 |
Executive Annual Bonus Plan 2016
(“EABP 2016”) |
81,399 |
Matthew’s beneficial holding of ordinary shares in the Company
has increased from 308,399 to 401,886, or 109% of his basic salary
based on the middle market closing price of the Company’s ordinary
shares of 129.4 pence on 6 September 2019. As part of the exercise,
Matthew sold 83,440 of the shares, which was the amount required to
satisfy the resulting Income Tax and National Insurance
liabilities.
The transactions listed above took place in London (XLON) on 6
September 2019.
The information below is provided in accordance with the
requirements of the Disclosure Guidance and Transparency Rules
(“DGTR”) 6.2.2AR:
Legal Entity Identifier: 549300DEJZCPWA4HKM93
Classification as per DGTR 6 Annex 1R: 2.2
In addition, the notification below, made in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
Enquiries:
Silvana Glibota-Vigo, Deputy
Company Secretary
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
|
Matthew Gregory |
2 |
Reason
for the notification |
a) |
Position/status
|
Chief Executive |
b) |
Initial notification
/Amendment |
Initial |
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
financial instrument, type of instrument
Identification code |
Ordinary shares of 5p
each
GB0003452173 |
b) |
Nature of the
transaction
|
- Exercise of option under the LTIP 2016
- Exercise of option under the EABP 2016
|
c) |
Price(s) and
volume(s)
|
Price(s) |
Volume(s) |
- NIL
- NIL
|
95,528
81,399 |
|
d) |
- Aggregated volume
- Price |
95,528
NIL |
d) |
- Aggregated volume
- Price |
81,399
NIL |
e) |
Date of the transaction |
6 September 2019 |
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 |
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
financial instrument, type of instrument
Identification code |
Ordinary shares of 5p
each
GB0003452173 |
b) |
Nature of the
transaction
|
Subsequent sale to cover Income Tax
and National insurance liabilities |
c) |
Price(s) and
volume(s)
|
Price(s) |
Volume(s) |
129.5684 pence |
83,440 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
83,440
£108,111.87 |
e) |
Date of the transaction |
6 September 2019 |
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 |