National Express Group PLC Director/PDMR Shareholding (7900S)
March 19 2021 - 2:00AM
UK Regulatory
TIDMNEX
RNS Number : 7900S
National Express Group PLC
18 March 2021
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of a transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
The Company provides notification of the following transactions
effected on 18 March 2021 on the London Stock Exchange, relating to
the 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).
The transactions arise in respect of the: (i) the deferred
vesting on 18 March 2021 of the forfeitable Shares awarded to Chris
Davies on 9 March 2020 under the rules of the Company's Executive
Deferred Bonus Plan ("EDBP") and relating to the one-year deferred
element of his 2019 annual bonus and immediate sale of a sufficient
number of such Shares to cover the personal tax liability arising
on such vest (deferred from 9 March 2021 due to the Company being
in a closed period until 18 March 2021); (ii) the exercise by Chris
Davies on 18 March 2021 of his 2-year recruitment incentive
nil-cost option, awarded to him on 10 May 2017 under the rules of
the Company's 2015 Long-Term Incentive Plan ("LTIP"), over the
vested Shares thereunder and immediate sale of a sufficient number
of such Shares to cover the personal tax liability arising on such
exercise; and (iii) the purchase by Matthew Crummack on 18 March
2021 of Shares on the London Stock Exchange.
Name and Number Number Number Number Beneficial Total other
position of forfeitable of vested of vested of Shares interest interest
of PDMR Shares Shares Shares purchased of PDMR in held in
vested exercised beneficially Shares Shares
and sold under nil acquired following following
(1,2) cost options on vesting the the
and sold and exercise transactions transactions
(2) (3) (4) (5)
39,847 61,366
Shares Shares
vested exercised
and 18,765 and 28,901
Chris Davies, sold at sold at
Group Chief 303.51 303.51
Financial pence per pence per
Officer Share Share 53,547 - 248,238 435,667
----------------- --------------- --------------- ------------ --------------- ----------------
Matthew - - - 16,148 18,844 -
Crummack, Shares
Senior purchased
Independent at 303.54
Non-Executive pence per
Director Share
----------------- --------------- --------------- ------------ --------------- ----------------
(1) The Shares sold comprise (i) those compulsorily sold to
cover the immediate income tax and social security liability
arising on vesting of the 2020 EDBP award; and (ii) those
voluntarily sold to cover the immediate income tax and social
security liability arising on the exercise of the 2017 2-year
recruitment incentive LTIP award.
(2) All Shares delivered to the individual are existing Shares
delivered through the Company's Employee Benefit Trust.
(3) Malus and clawback apply to both the forfeitable Shares
comprised in the 2020 EDBP award and to the vested Shares comprised
in the 2017 2-year recruitment incentive LTIP award for two-years
from the date of award, including post termination of employment,
so until 9 March 2022 and 10 May 2021, respectively.
(4) Including those held by connected persons.
(5) Represents outstanding awards granted under the Company's
EDBP and LTIP.
1. Details of PDMR / PCA
Full Name Chris Davies
------------------------------- --------------------------------------------------------
Position / status Group Chief Financial Officer, PDMR
------------------------------- --------------------------------------------------------
Initial notification Initial notification
/ amendment
---- ------------------------------- --------------------------------------------------------
2. Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
-----------------------------------------------------------------------------------------
Name National Express Group PLC
---- --------------------------------- ------------------------------------------------------
LEI 213800A8IQEMY8PA5X34
---- --------------------------------- ------------------------------------------------------
3. 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
-----------------------------------------------------------------------------------------
Description of the Ordinary shares of 5p each
financial instrument
------------------------------- --------------------------------------------------------
Identification code GB0006215205
------------------------------- --------------------------------------------------------
Nature of the transaction 1. Vest of deferred share award under the Company's
Executive Deferred Bonus Plan and sale of sufficient
shares to cover tax
2. Exercise of vested nil cost option under
the Company's Long-Term Incentive Pan and sale
of sufficient shares to cover tax
------------------------------- --------------------------------------------------------
Price (s) and volume(s) Price(s) Volume(s) Total
1. GBP3.04 18,765 GBP56,952.83
--------- ---------- --------------
2. GBP 3.04 28,901 GBP87,716.15
--------- ---------- --------------
Aggregated - 47,666 GBP144,668.98
--------- ---------- --------------
------------------------------- --------------------------------------------------------
Date of the transaction 18 March 2021
------------------------------- --------------------------------------------------------
Place of the transaction London Stock Exchange
------------------------------- --------------------------------------------------------
1. Details of PDMR / PCA
Full Name Matthew Crummack
------------------------------- -----------------------------------------------------
Position / status Senior Independent Non-Executive Director, PDMR
------------------------------- -----------------------------------------------------
Initial notification Initial notification
/ amendment
---- ------------------------------- -----------------------------------------------------
2. Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
--------------------------------------------------------------------------------------
Name National Express Group PLC
---- --------------------------------- ---------------------------------------------------
LEI 213800A8IQEMY8PA5X34
---- --------------------------------- ---------------------------------------------------
3. 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
--------------------------------------------------------------------------------------
Description of the Ordinary shares of 5p each
financial instrument
------------------------------- -----------------------------------------------------
Identification code GB0006215205
------------------------------- -----------------------------------------------------
Nature of the transaction Purchase of shares
------------------------------- -----------------------------------------------------
Price (s) and volume(s) Price(s) Volume(s) Total
GBP 3.04 16,148 GBP49,015.96
--------- ---------- -------------
Aggregated GBP3.04 16,148 GBP49,015.96
--------- ---------- -------------
------------------------------- -----------------------------------------------------
Date of the transaction 18 March 2021
------------------------------- -----------------------------------------------------
Place of the transaction London Stock Exchange
------------------------------- -----------------------------------------------------
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
07880 472885
Melanie Travis, Deputy Company Secretary
07990 802678
Notes:
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
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