National Express Group PLC Director/PDMR Shareholding (6953N)
May 10 2018 - 9:30AM
UK Regulatory
TIDMNEX
RNS Number : 6953N
National Express Group PLC
10 May 2018
National Express Group PLC
10 May 2018
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
The Company provides notification of the following transaction
effected on 10 May 2018 outside of a trading venue relating to
Chris Davies (a PDMR) and his interests in the ordinary shares of
nominal value 5p each in the capital of the Company ("Shares")
(ISIN: GB0006215205).
The transaction arises following the vesting of Mr Davies' First
Recruitment Incentive Award ("Award") granted to him under the
terms of the Company's Long-Term Incentive Plan 2015 ("LTIP") on 10
May 2017 when he joined the Company. The performance-conditioned
Award vested at a rate of 96.7% on 10 May 2018. (Full details of
the Award, the performance conditions and vesting are set out in
the Directors Remuneration Report to the Company's 2017 Annual
Report.)
Name and Number of Number of Number of Total beneficial Total other
position Shares subject Shares vested Shares lapsed interest interest
of PDMR to original under option(1) held in held in
Award Shares following Shares following
the transaction(2) the transaction(3)
----------------- --------------- ----------------- --------------- -------------------- --------------------
Chris Davies,
Group Finance
Director 31,867 30,816 1,051 3,000 409,906
----------------- --------------- ----------------- --------------- -------------------- --------------------
(1) The Award was granted in the form of a nil cost option.
Malus and clawback apply to the vested Shares for two years form
the date of vesting. Upon exercise, all Shares will be delivered
through the transfer of market purchased Shares from the Company's
Employee Benefit Trust.
(2) Including those held by connected persons.
(3) Under the Company's Executive Deferred Bonus Plan and
LTIP.
The Company can confirm that Chris Davies has complied with his
obligation to notify the Financial Conduct Authority in respect of
the above transaction as is his requirement under the EU Market
Abuse Regulation.
- END -
National Express contact and telephone number for enquiries:
Michael Arnaouti, Group Company Secretary
++44 (0) 207 805 3807
Notes
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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