Director/PDMR Shareholding

RNS Number : 7368Z

National Express Group PLC

16 March 2017

 

16 March 2017

NATIONAL EXPRESS GROUP PLC (the 'Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')

On 15 March 2017 awards to the following Executive Directors under the National Express Group Executive Deferred Bonus Plan (the 'Plan'), which were granted on 15 March 2016, automatically vested as summarised below.

Name of PDMR	Position of PDMR	Number of shares comprised within the award under the Plan
Dean Finch	Group Chief Executive	129,550
Matthew Ashley	Group Finance Director	40,278

On 15 March 2017 Mr Finch sold 129,550 shares at a price of £3.59 per share.  Mr Finch's personal tax and national insurance contributions liability arising on the vesting of the shares will be paid out of the proceeds of this sale.   Mr Finch's beneficial shareholding in the Company remains at 137,598 Ordinary shares.

On 15 March 2017 Mr Ashley sold 40,278 shares at a price of £3.59 per share. Mr Ashley's personal tax and national insurance contributions liability arising on the vesting of the shares will be paid out of the proceeds of this sale.   Mr Ashley's beneficial shareholding in the Company remains at 87,891 Ordinary shares.

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014:

1.	Details of PDMR
	Full Name	Dean Finch
	Position / status	Group Chief Executive
	Initial notification / amendment	Initial notification
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 financial instrument Identification code	Ordinary shares of 5p each GB0006215205
	Nature of the transaction	Vesting of shares under the National Express Group Executive Deferred Bonus Plan, acquisition and immediate disposal of shares.
	Price(s) and volume(s)	Price(s) Volume(s) £3.59 pence per Ordinary share 129,550 Ordinary shares
	Aggregated information Aggregated volume Price	129,550 Ordinary shares at £3.59 per Ordinary share   totalling £465,084.50
	Date of the transaction	15 March 2017.
	Place of the transaction	London Stock Exchange

1	Details of PDMR
	Full Name	Matthew Ashley
	Position / status	Group Finance Director
	Initial notification / amendment	Initial notification
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 financial instrument Identification code	Ordinary shares of 5p each GB0006215205
	Nature of the transaction	Vesting of shares under the National Express Group Executive Deferred Bonus Plan, acquisition and immediate disposal of shares.
	Price(s) and volume(s)	Price(s) Volume(s) £3.59 pence per Ordinary share 40,278 Ordinary shares
	Aggregated information Aggregated volume Price	40,278 Ordinary shares at £3.59 per Ordinary share   totalling £144,598.02
	Date of the transaction	15 March 2017.
	Place of the transaction	London Stock Exchange.

Name of contact and telephone number for queries:

Joy Baldry

Company Secretary

0207 805 3801

Date: 16 March 2017

 

END

 

 

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