NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
1. |
Name of the Issuer:
NATIONAL EXPRESS GROUP PLC |
2. |
State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006): DTR 3.1.2 R |
3. |
Name of person discharging managerial responsibilities/director: JORGE COSMEN |
4. |
State whether notification relates to a person connected with a person discharging managerial responsibilities/ director named in 3 and identify the connected person: YES: EUROPEAN EXPRESS ENTERPRISES LIMITED ("EEEL") |
5. |
Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest: BENEFICIAL INTEREST: EEEL |
6. |
Description of shares (including class), debentures or derivatives or financial instruments relating to shares: ORDINARY SHARES OF 5 PENCE EACH |
7. |
Name of registered shareholders(s): NOMINEES ON BEHALF OF EEEL
|
8. |
State the nature of the transaction: THE TRANSACTION COMPRISES: (a) A PURCHASE OF A CALL OPTION FROM BNP PARIBAS S.A. BY EEEL AT A STRIKE PRICE OF 263.0 PENCE IN RESPECT OF 5,500,000 ORDINARY SHARES EXPIRING IN SIX EQUAL INCREMENTS DURING A SIX CALENDAR MONTH PERIOD BETWEEN MAY 2013 AND NOVEMBER 2013; AND (b) A SALE OF A CALL OPTION BY EEEL TO BNP PARIBAS S.A. AT A STRIKE PRICE OF 334.7 PENCE IN RESPECT OF 5,500,000 ORDINARY SHARES EXPIRING IN SIX EQUAL INCREMENTS DURING A SIX CALENDAR MONTH PERIOD BETWEEN MAY 2013 AND NOVEMBER 2013 |
9. |
Number of shares, debentures or financial instruments relating to shares which could be acquired by EEEL pursuant to the transaction at 8 above: 5,500,000 ORDINARY SHARES |
10. |
Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage): THE TRANSACTION RELATES TO 5,500,000 ORDINARY SHARES REPRESENTING 1.078 PER CENT OF ALL ORDINARY SHARES |
11. |
Number of shares, debentures or financial instruments relating to shares which could be disposed by EEEL pursuant to the transaction at 8 above: 5,500,000 ORDINARY SHARES |
12. |
Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage): SEE 10 ABOVE |
13. |
Price per share or value of transaction: SEE 8 ABOVE |
14. |
Date and place of transaction: LONDON, 18 MAY 2010 |
15. |
Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage): 86,105,062 ORDINARY SHARES REPRESENTING 16.881 PER CENT OF ALL ORDINARY SHARES |
16. |
Date issuer informed of transaction: 18 MAY 2010 |
Name and telephone number for queries: Tony McDonald, 020 7506 4325
For and on behalf of National Express Group PLC
Date of this notification: 19 May 2010