Director/PDMR Shareholding

RNS Number : 5746F

Dart Group PLC

28 July 2016

 

28 July 2016

Dart Group PLC (the "Company")

Director/PDMR Dealing

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Heapy
2	Reason for the notification
a)	Position/status	Director,  Dart Group Plc
b)	Initial notification/Amendment	This is an initial notification.
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Dart Group Plc
b)	LEI	I72RQ3PNLDPW8R7JIJ56
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	Share award, constituting a right to acquire Ordinary Shares
	Identification code	Award over shares with identification code GB00B1722W11
b)	Nature of the transaction	Grant of deferred awards under the Senior Executive Incentive Plan which has recently been adopted by Dart Group Plc. The deferred awards represent the deferred elements of annual bonuses earned for the financial years ending 31 March 2014 and 31 March 2015, as reported in the Dart Group plc Annual Report and Accounts for each financial year, and for the financial year ending 31 March 2016.   The deferred awards have a normal vesting date of  6 July 2017, 26 July 2018 and 24 July 2019 respectively. The deferred awards are not subject to performance conditions but are subject to continued employment. There is no price payable for the grant of the options, and the options have an exercise price of 1.25p per Ordinary Share.
c)	Price(s) and volume(s)	Price Volume Nil 41,581 Nil   32,047 Nil 16,654
d)	Aggregated information	Price Volume  Nil 90,282
e)	Date of the transaction	2016-07-26
f)	Place of the transaction	outside a trading venue.

 

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