National Express Group PLC Director/PDMR Shareholding (4056W)
April 16 2019 - 11:24AM
UK Regulatory
TIDMNEX
RNS Number : 4056W
National Express Group PLC
16 April 2019
National Express Group PLC
16 April 2019
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
The Company provides notification of the following transactions,
effected on 16 April 2019 on the London Stock Exchange, relating to
the two below named PDMRs and their respective interests in the
ordinary shares of nominal value 5 pence each in the capital of the
Company ("Shares") (ISIN: GB0006215205).
The transactions arise in respect of:
(i) the exercise of an option over and immediate sale by Dean
Finch of all Shares (including those compulsorily required to be
sold to cover his personal tax liability arising on exercise) which
vested to him on 12 April 2019 under a nil cost Long-Term Incentive
Plan ("LTIP") option originally granted to him on 9 April 2014;
(ii) the exercise of an option over all Shares and immediate
sale by Matt Ashley of some only of such Shares (being those
compulsorily required to be sold to cover his personal tax
liability arising on exercise) which vested to him on 12 April 2019
under a nil cost LTIP option originally granted to him on 6 April
2016; and
(iii) the sale by Matt Ashley and a person connected with him of
certain Shares beneficially held by them.
The individual PDMR transaction details are set out in the table
below:
Name and Number Number of Number of Total beneficial Total other
position of vested vested Shares beneficially interest interest
of PDMR Shares immediately held Shares held in Shares held in
- acquired sold at sold at following Shares following
above reference on exercise 413.5946 413.5946 the transactions the transactions
(1) pence per pence per
Share Share
Dean Finch,
Group Chief
Executive
- 195,827
re (i) above (2) 195,827 N/A 254,683 1,415,254
------------- --------------- -------------- ------------------ ------------------
Matt Ashley,
President
and CEO,
North America
-
re (ii)
and (iii) 136,526
above (3) 61,561 48,401 150,842 445,017
------------- --------------- -------------- ------------------ ------------------
1 All Shares delivered on exercise were through the transfer to
the PDMR of market purchased Shares held in the Company's Employee
Benefit Trust.
2 The vested Shares acquired by Dean Finch are not subject to a
compulsory holding period or malus and clawback under the 2005 LTIP
rules under which the original option was granted.
3 The vested Shares acquired by Matt Ashley are subject to a
two-year compulsory holding period and malus and clawback for two
years form the date of vesting (including post termination of
employment) under the 2015 LTIP rules under which the original
option was granted. The residual net of tax Shares held
beneficially by Matt Ashley post exercise (i.e. 74,965 Shares) must
be retained by him for the remainder of the compulsory holding
period.
4 The beneficial interest in Shares represent those held by the
PDMR and their connected persons. Each PDMR has a residual
shareholding value which is in excess of that required for each of
them under the Company's shareholding guidelines.
5 The other interests held in Shares are those outstanding to
the PDMR under the Company's Executive Deferred Bonus Plan and
LTIP.
The Company can confirm that each of the PDMRs has complied with
their individual obligation to notify the Financial Conduct
Authority in respect of their above transactions as required under
the EU Market Abuse Regulation.
- END -
National Express contact and telephone number for enquiries:
Jennifer Myram, 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHCKADBABKDDQD
(END) Dow Jones Newswires
April 16, 2019 12:24 ET (16:24 GMT)
Mobico (LSE:MCG)
Historical Stock Chart
From Apr 2024 to May 2024
Mobico (LSE:MCG)
Historical Stock Chart
From May 2023 to May 2024