THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR FORWARDING, RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
16 December 2009
NATIONAL EXPRESS GROUP PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
In accordance with DTR 3.1.4R (1)(a) National Express Group PLC (the 'Company') announces the following transactions in respect of its ordinary share capital of 5 pence each by directors and persons discharging managerial responsibility ('PDMRs') of the Company or their connected persons, who took up their rights following the recent rights issue.
Name of director or PDMR |
John Devaney |
Jez Maiden |
Ray O'Toole |
Jorge Cosmen |
Roger Devlin |
|
Name of director or PDMR |
John Devaney |
Jez Maiden |
Ray O'Toole |
Jorge Cosmen |
Roger Devlin |
|
Holding in respect of shareholder or non-beneficial interest of spouse or children |
Holding in respect of director |
Holding in respect of director |
Holding in respect of director |
Holding in respect of connected persons |
Holding in respect of connected persons |
Holding in respect of director |
Name(s) of registered holder(s) |
HSBC Direct |
Barclays Stockbrokers Nominees |
Ray O'Toole and Susan Ellen O'Toole |
European Express Enterprises Ltd ("EEEL") BNP Paribas Securities Services and Lynchwood Nominees on behalf of EEEL |
BNP Paribas Securities Services and HSBC Client Holdings Nominees on behalf of Northern Express Enterprises Ltd ("NEEL") |
Roger Devlin |
Connected person(s) |
No |
No |
No |
EEEL |
NEEL |
No |
Nature of transaction |
Subscription for ordinary shares |
Subscription for ordinary shares |
Subscription for ordinary shares |
Subscription for ordinary shares |
Subscription for ordinary shares |
Subscription for ordinary shares |
Number of shares acquired |
46,666 |
37,333 |
73,180 |
65,930,743 |
4,493,895 |
14,641 |
Percentage of issued class |
0.009% |
0.007% |
0.014% |
12.926% |
0.881% |
0.003% |
Class of security |
Ordinary shares of 5p each |
Ordinary shares of 5p each |
Ordinary shares of 5p each |
Ordinary shares of 5p each |
Ordinary shares of 5p each |
Ordinary shares of 5p each |
Price per share acquired |
105p |
105p |
105p |
105p |
105p |
105p |
Date and place of transaction |
15 December 2009, London |
15 December 2009, London |
15 December 2009, London |
15 December 2009, London |
15 December 2009, London |
15 December 2009, London |
Date company informed |
15 December 2009 |
15 December 2009 |
15 December 2009 |
15 December 2009 |
15 December 2009 |
15 December 2009 |
On 15 December 2009, the Company was notified of the following disposals of shares by persons connected to Jorge Cosmen:
Date of Sale |
Sale Price |
Number of Shares |
Name of Registered Shareholder |
11 December 2009 |
£1.8456 |
2,340,752 |
BNP Paribas Securities Services on behalf of EEEL |
14 December 2009 |
£1.8260 |
1,664,226 |
BNP Paribas Securities Services on behalf of NEEL |
14 December 2009 |
£1.8538 |
760,977 |
Lynchwood Nominees on behalf of EEEL |
15 December 2009 |
£1.8189 |
3,248,700 |
EEEL |
As a result of the above transactions, the interests of the above named directors and their connected persons, as notified to the Company on 15 December 2009, were as follows:
Name of director or PDMR |
John Devaney |
Jez Maiden |
Ray O'Toole |
EEEL and NEEL as connected persons of Jorge Cosmen |
Roger Devlin |
Total shareholding following this notification |
66,666 |
77,255 |
146,757 |
92,591,971 |
20,916 |
Total percentage holding of issued class following this notification |
0.013% |
0.015% |
0.029% |
18.153% |
0.004% |
Name of contact and telephone number for queries:
Tony McDonald, Company Secretary & Group Legal Director
020 7506 4325
For and on behalf of National Express Group PLC
A J McDonald
IMPORTANT NOTICE:
This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement or any such document comes should inform themselves about and observe any relevant legal restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
The information contained herein is not for forwarding, publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein (the "Securities") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States.
This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.