Director/PDMR Shareholding

RNS Number : 2956H

National Express Group PLC

09 March 2018

 

National Express Group PLC

9 March 2018

NATIONAL EXPRESS GROUP PLC

 ("Company")

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

The Company provides notification of the following transactions, all effected on 8 March 2018 on the London Stock Exchange, relating to the three 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).

The transactions arise in respect of: (i) the nil cost acquisition and full sale of the one-year deferred forfeitable Shares granted on 8 March 2017 under the rules of the Company's Executive Deferred Bonus Plan ("EDBP") relating to the 2016 annual bonus, (ii) the one-year deferred forfeitable Shares award granted at nil cost under the EDBP relating to the 2017 annual bonus, and (iii) the sale of certain shares beneficially owned.

Individual PDMR details are set out in the table below:

Name and position of PDMR	Number of forfeitable Shares acquired and sold as per (i) above ¹ ²	Number of forfeitable Shares awarded as per (ii) above ¹ ³	Number of beneficially owned Shares sold as per (iii) above	Total beneficial interest held     in Shares following the transactions⁴	Total other interest held in Shares following the transactions⁵
Dean Finch,      Group Chief Executive	91,838 at 393.9245p per share	119,939	-	334,081	1,266,549
Chris Davies, Group Finance Director	-	24,708	-	3,000	271,907
Matthew Ashley, President and CEO, North America	31,503 at 393.9245p per share	37,021	20,196 at 395p per share 43,188 at 393.9245p per share	124,278	332,898

¹ Malus and clawback apply to forfeitable Shares awarded under the EDBP for two-years from the date of grant, including post cessation of employment.

² The Shares sold included those compulsorily sold to cover the immediate personal tax and social security liability arising on vesting. All Shares are delivered through the Company's Employee Benefit Trust.

³ The forfeitable Shares awarded were determined based on a share price of 378.16p, being the average mid-market price of a Company share for the five business days immediately preceding the date of grant.

⁴ Including those held by connected persons.

⁵ Under the Company's EDBP and LTIP.

The Company can confirm that each of the PDMRs has complied with their respective obligations to notify the Financial Conduct Authority in respect of the above transactions as is their requirement under the EU Market Abuse Regulation.

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National Express contact and telephone number for enquiries:

Michael Arnaouti, Group Company Secretary

++44 (0) 207 805 3807

Notes

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 3.1 (with reference to DTR6 Annex 1R)

 

END

 

 

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