Director/PDMR Shareholding

RNS Number : 0696Z

National Express Group PLC

09 March 2017

 

9 March 2017

NATIONAL EXPRESS GROUP PLC

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

National Express Group PLC (the 'Company') announces that the following awards of forfeitable Ordinary shares of 5 pence each in the capital of the Company ('Shares') were made to the under-mentioned PDMRs, both being Executive Directors, on 8 March 2017 pursuant to the rules of the National Express Group Executive Deferred Bonus Plan ('EDBP'):

Executive Director	Number of Shares subject to the  award made under the EDBP
Dean Finch Group Chief Executive	91,838
Matthew Ashley Group Finance Director	31,503

No consideration was paid for the grant of the awards and no consideration is due on the vesting of the awards.  The awards will normally vest on the first anniversary of the date of grant subject to continued employment.  In accordance with our current Remuneration Policy, provisions exist that require the deferred shares to be forfeited or repaid should it be necessary for the Company to restate materially the financial results upon which the bonus was awarded within a two-year period following the deferred bonus being awarded.

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	Award of forfeitable Ordinary shares of 5 pence each pursuant to the rules of the National Express Group Executive Deferred Bonus Plan
	Price(s) and volume(s)	Price(s) Volume(s) 362.36 pence per Ordinary share 91,838 Ordinary shares
	Aggregated information Aggregated volume Price	91,838 Ordinary shares at 362.36 per Ordinary share   totalling £332,784.
	Date of the transaction	8 March 2017.
	Place of the transaction	Outside of a trading venue.

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	Award of forfeitable Ordinary shares of 5 pence each pursuant to the rules of the National Express Group Executive Deferred Bonus Plan
	Price(s) and volume(s)	Price(s) Volume(s) 362.36 pence per Ordinary share 31,503 Ordinary shares
	Aggregated information Aggregated volume Price	31,503 Ordinary shares at 362.36 per Ordinary share   totalling £114,154.
	Date of the transaction	8 March 2017.
	Place of the transaction	Outside of a trading venue.

Name of contact and telephone number for queries:

Joy Baldry

Company Secretary

0207 805 3801

 

END

 

 

DSHOKCDBABKDKNK