Director/PDMR Shareholding

RNS Number : 5071M

National Express Group PLC

11 May 2020

 

NATIONAL EXPRESS GROUP PLC

(the "Company")

Notification of transactions by a Persons Discharging Managerial Responsibilities ("PDMR")

The Company provides notification of the following transactions, all effected on the London Stock Exchange, relating to the two below named PDMRs and their respective interests in the ordinary shares of nominal value 5p each in the capital of the Company ("Shares") (ISIN: GB0006215205).

Following the announcement by the Company of the placing of and subscription for 102,347,729 new Shares on 6 May 2020, the Company was informed today that the below-named PDMRs subscribed for the below number of new Shares at a price of 230 pence per Share. 

Name and position of PDMR*	Number of Shares acquired	Beneficial interest held in Shares following the transaction ¹	Interest in Shares held under vested but unexercised share options following the transaction 2	Total other interest held in Shares (including under unvested share options) following the transaction 3
Dean Finch Group Chief Executive	65,216	390,577	642,470	1,150,6944
Chris Davies Group Finance Director	43,478	194,691	61,366	475,514
Sir John Armitt Chairman	8,695	30,554	-	-
Jorge Cosmen Deputy Chairman	47,826	47,8265	-	-
Elliot Sander Independent Non-Executive Director	6,521	7,521	-	-
Chris Muntwyler Independent Non-Executive Director	21,739	21,739	-	-
Mike McKeon Independent Non-Executive Director	10,869	20,869	-	-
Dr Ashley Steel Independent Non-Executive Director	13,043	32,870	-	-
Karen Geary Independent Non-Executive Director	4,347	14,347	-	-
Ana de Pro Gonzalo Independent Non-Executive Director	4,347	4,347	-	-

¹ Including those held by connected persons.

²  Both Mr Finch and Mr Davies have interests in Shares under vested but unexercised Share options (including, in the case of Mr Finch, his 2017 LTIP Option) and the deemed net of tax number of these Shares, assuming exercise of the vested Share options and satisfaction of income tax at a rate of 45% and employee NICs of 2% on such exercise, in which Mr Finch and Mr Davies have beneficial interests, is 340,509 Shares and 32,524 Shares, respectively

³  Represents maximum interests in Shares held pursuant to outstanding awards granted to Mr Finch and Mr Davies under the Company's Executive Deferred Bonus Plan and Long-Term Incentive Plan.

⁴  Approved CSOP awards are made alongside nil cost options awards made under the Company's Long-Term Incentive Plan where HMRC limits permit. PDMRs' interests in Shares under such approved CSOP awards are not included in these interests but, on their vesting and valid exercise, will have the effect of reducing PDMRs' interests in the vested Shares held under their corresponding nil cost options.

⁵ Mr Cosmen also has an interest in the 73,767,515 shares held by European Express Enterprises Limited and Northern Enterprises Limited but Mr Cosmen is no longer sufficiently closely connected with such companies for such interest to be classified as a beneficial interest for these notification purposes.

This above notice is given in fulfilment of the Company's obligation under DTR 3.1 and Article 19 of the EU Market Abuse Regulation 596/2014.

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National Express contact and telephone number for enquiries:

Jennifer Myram, Company Secretary

[phone]

Melanie Travis, Deputy Company Secretary

[phone]

Notes:

Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)

 

END

 

 

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