National Express Group PLC ('the Company') announces that the following awards of the Company's ordinary 5 pence shares were made to the two Executive Directors of the Company on 1 September 2009 (the 'Awards'). The Awards have been made in accordance with the rules of the Company's Long Term Incentive Plan approved at the 2005 AGM. The Awards are granted as nil cost options; the calculations of the number of shares awarded being based on the middle market price on 28 August 2009 of £3.984 per share. The awards will vest under normal circumstances, subject to the achievement of the performance conditions, in three years from the date of grant.
|
2009 LTIP Award |
Existing Holdings |
|||
|
Performance Shares |
Matching Shares |
Executive Share Awards |
Savings Related Share Option Plan |
National Express Group PLC shares |
Jez Maiden |
91,616 |
68,910 |
78,733 |
0 |
16,000 |
Ray O'Toole |
100,401 |
100,400 |
169,561 |
312 |
31,364 |