Rule 8.1- (National Express G

RNS Number : 4016Y
National Express Group PLC
02 September 2009
 



                                        FORM 8.1                        

DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES

FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS

(Rules 8.1(a) and (b)(i) of the Takeover Code)



1.    KEY INFORMATION


Name of person dealing

MR. RAY O'TOOLE

Company dealt in

NATIONAL EXPRESS GROUP PLC

Class of relevant security to which the dealings being disclosed relate 

ORDINARY SHARES OF 5 PENCE EACH

Date of dealing

1 SEPTEMBER 2009



2.    INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a)    Interests and short positions (following dealing) in the class of relevant security dealt in 




Long

Short



Number                                    (%)

Number                                    (%)

(1) Relevant securities 


31,364                                   (0.02%)


(2) Derivatives (other than options)




(3) Options and agreements to purchase/sell




Total


31,364                                     (0.02%)


 

(b)    Interests and short positions in relevant securities of the company, other than the class dealt in 


Class of relevant security:


Long

Short



Number                                    (%)

Number                                    (%)

(1) Relevant securities 




(2) Derivatives (other than options)




(3) Options and agreements to purchase/sell




Total





(c)    Rights to subscribe 


Class of relevant security:


Details

Ordinary Shares

91,468 Performance Share awards under Long Term Incentive Plan

21,089 Matching Share awards under Long Term Incentive Plan

57,004 Deferred Share awards under Executive Deferred Share Bonus Plan




3.    DEALINGS 


(a)    Purchases and sales


Purchase/sale


Number of securities

Price per unit 









(b)    Derivatives transactions (other than options)


Product name, 

e.g. CFD

Long/short 

Number of securities 

Price per unit 








(c)    Options transactions in respect of existing securities

(i)    Writing, selling, purchasing or varying


Product name,

e.g. call option


Writing, selling, purchasing, varying etc.

Number of securities to which the option relates 

Exercise

price 

Type, e.g. American, European etc.

Expiry 

date

Option money

paid/received per unit 










(ii)    Exercising


Product name, e.g. call option

Number of securities 

Exercise price per unit 






(d)    Other dealings (including new securities) 


Nature of transaction 


Details

Price per unit (if applicable)  

Grant of awards by National Express Group PLC under Long Term Incentive Plan


Award of  100,401 Performance Shares and matching award of 100,400 Matching Shares under Long Term Incentive Plan


The awards will vest under normal circumstances, subject to the achievement of performance conditions, in three years from the date of grant.

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. 




4.    OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.  






Is a Supplemental Form 8 attached?                NO



Date of disclosure

2 SEPTEMBER 2009

Contact name

DIANNE ROBINSON

Telephone number

20 7506 4334

Name of offeree/offeror with which associated

NATIONAL EXPRESS GROUP PLC

Specify category and nature of associate status

CATEGORY (3): DIRECTORS OF NATIONAL EXPRESS GROUP PLC











This information is provided by RNS
The company news service from the London Stock Exchange
 
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