National Express Group PLC Director/PDMR Shareholding (5071M)
May 11 2020 - 6:02AM
UK Regulatory
TIDMNEX
RNS Number : 5071M
National Express Group PLC
11 May 2020
NATIONAL EXPRESS GROUP PLC
(the "Company")
Notification of transactions by a Persons Discharging Managerial
Responsibilities ("PDMR")
The Company provides notification of the following transactions,
all effected on the London Stock Exchange, relating to the two
below named PDMRs and their respective interests in the ordinary
shares of nominal value 5p each in the capital of the Company
("Shares") (ISIN: GB0006215205).
Following the announcement by the Company of the placing of and
subscription for 102,347,729 new Shares on 6 May 2020, the Company
was informed today that the below-named PDMRs subscribed for the
below number of new Shares at a price of 230 pence per Share.
Name and position Number Beneficial Interest in Total other
of PDMR* of Shares interest Shares held interest held
acquired held in Shares under vested in
following but unexercised Shares (including
the transaction share options under unvested
(1) following the share options)
transaction following the
(2) transaction
(3)
Dean Finch
Group Chief Executive 65,216 390,577 642,470 1,150,694(4)
----------- ----------------- ----------------- -------------------
Chris Davies
Group Finance
Director 43,478 194,691 61,366 475,514
----------- ----------------- ----------------- -------------------
Sir John Armitt
Chairman 8,695 30,554 - -
----------- ----------------- ----------------- -------------------
Jorge Cosmen
Deputy Chairman 47,826 47,826(5) - -
----------- ----------------- ----------------- -------------------
Elliot Sander
Independent Non-Executive
Director 6,521 7,521 - -
----------- ----------------- ----------------- -------------------
Chris Muntwyler
Independent Non-Executive
Director 21,739 21,739 - -
----------- ----------------- ----------------- -------------------
Mike McKeon Independent
Non-Executive
Director 10,869 20,869 - -
----------- ----------------- ----------------- -------------------
Dr Ashley Steel
Independent Non-Executive
Director 13,043 32,870 - -
----------- ----------------- ----------------- -------------------
Karen Geary Independent
Non-Executive
Director 4,347 14,347 - -
----------- ----------------- ----------------- -------------------
Ana de Pro Gonzalo
Independent Non-Executive
Director 4,347 4,347 - -
----------- ----------------- ----------------- -------------------
(1) Including those held by connected persons.
(2) Both Mr Finch and Mr Davies have interests in Shares under
vested but unexercised Share options (including, in the case of Mr
Finch, his 2017 LTIP Option) and the deemed net of tax number of
these Shares, assuming exercise of the vested Share options and
satisfaction of income tax at a rate of 45% and employee NICs of 2%
on such exercise, in which Mr Finch and Mr Davies have beneficial
interests, is 340,509 Shares and 32,524 Shares, respectively
(3) Represents maximum interests in Shares held pursuant to
outstanding awards granted to Mr Finch and Mr Davies under the
Company's Executive Deferred Bonus Plan and Long-Term Incentive
Plan.
(4) Approved CSOP awards are made alongside nil cost options
awards made under the Company's Long-Term Incentive Plan where HMRC
limits permit. PDMRs' interests in Shares under such approved CSOP
awards are not included in these interests but, on their vesting
and valid exercise, will have the effect of reducing PDMRs'
interests in the vested Shares held under their corresponding nil
cost options.
(5) Mr Cosmen also has an interest in the 73,767,515 shares held
by European Express Enterprises Limited and Northern Enterprises
Limited but Mr Cosmen is no longer sufficiently closely connected
with such companies for such interest to be classified as a
beneficial interest for these notification purposes.
This above notice is given in fulfilment of the Company's
obligation under DTR 3.1 and Article 19 of the EU Market Abuse
Regulation 596/2014.
- END -
National Express contact and telephone number for enquiries:
Jennifer Myram, Company Secretary
+44 (0) 207 805 3807
Melanie Travis, Deputy Company Secretary
+44 (0) 207 805 3805
Notes:
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
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END
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