Director/PDMR Shareholding

RNS Number : 8274E

National Express Group PLC

30 December 2009

 



30 December 2009

NATIONAL EXPRESS GROUP PLC

(the "Company")

Director/PDMR Shareholding

The Company was advised on 29 December 2009 of certain dealings in its share capital by European Express Enterprises Limited ("EEEL"), a company which is a connected person (as defined in section 96(B)(2) of the Financial Services and Markets Act 2000) of Jorge Cosmen, a Director of the Company.

On 29 December 2009, as a consequence of EEEL's subscription for new ordinary shares under the recent rights issue and in accordance with the terms of loan arrangements between EEEL and BNP Paribas Bank, EEEL has created security over 27,184,976 ordinary shares, being the number of ordinary shares allotted to EEEL in the rights issue in respect of shares previously secured to BNP Paribas Bank on 22 December 2008.

As a consequence of this grant of security, the total number of shares held by EEEL that are secured to BNP Paribas Bank is 38,835,680. This figure represents approximately 7.61% of the Company's issued share capital which is the same percentage of the issued share capital over which EEEL had created security prior to the recent rights issue.

No security exists over the balance of EEEL's shareholding in the Company.

ENQUIRIES: 

National Express Group PLC                

Tony McDonald                        [phone]

Nicole Lander                           [phone]

Maitland (Financial PR)             [phone]

Neil Bennett 

George Hudson

 

END

 

 

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