TIDMFGP 
 
FirstGroup plc 
 
LEI: 549300DEJZCPWA4HKM93 
 
23 August 2022 
 
                          Director/PDMR Shareholding 
 
               The FirstGroup Long-Term Incentive Plan ("LTIP") 
 
On 19 August 2019, in accordance with the rules of the LTIP, FirstGroup plc 
(the "Company") granted 765,175 nil-cost options over Ordinary Shares of 5 
pence each in the capital of the Company to Ryan Mangold, an Executive 
Director. Following the testing of the performance conditions attached to these 
nil-cost options, which were reviewed as part of the FY 2022 audit, the 
Remuneration Committee  has confirmed that 677,179 nil-cost options (88.5%) 
would vest and the remainder (87,996 nil-cost options) would lapse on 19 August 
2022. 
 
The awards granted to Mr Mangold were structured as nil-cost options and may be 
exercised for up to 12 months following vesting. The awards were subject to 
clawback and malus, and a two-year post vesting holding period, as per the 
rules of the LTIP. 
 
Mr Mangold exercised 677,179 nil-cost options on 19 August 2022. On 22 August 
2022, 327,533 Ordinary Shares were sold at 109.019 pence per share to cover 
applicable tax and national insurance. Following exercise of the awards, the 
balance, 349,646 shares, were released to Mr Mangold in accordance with the 
Plan Rules.  Upon release of these shares Mr Mangold immediately transferred 
349,646 shares to his wife, Mrs Nicole Mangold, at nil cost. 
 
This notification is made in accordance with Article 19 of the UK Market Abuse 
Regulation (EU) 596/2014. 
 
Enquiries: 
 
David Blizzard, Company Secretary 
 
Stuart Butchers, Group Head of Communications 
 
Faisal Tabbah, Head of Investor Relations 
 
Tel: +44 (0) 20 7725 3354 
 
   Notification and public disclosure of transactions by persons discharging 
     managerial responsibilities and persons closely associated with them 
 
1    Details of the person discharging managerial responsibilities / 
     person closely associated 
 
a)   Name                     Ryan Mangold 
 
 
2    Reason for the notification 
 
a)   Position/status          Chief Financial Officer and Executive 
                              Director 
 
b)   Initial notification /   Initial 
     Amendment 
 
3    Details of the issuer, emission allowance market participant, auction 
     platform, auctioneer or auction monitor 
 
a)   Name                     FirstGroup plc 
 
b)   LEI                      549300DEJZCPWA4HKM93 
 
 
 
4    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 
 
a)   Description of the       Ordinary shares of 5p each 
     financial instrument, 
     type of instrument 
                              GB0003452173 
     Identification code 
 
b)   Nature of the            Exercise of nil-cost options to acquire shares 
     transaction              under the LTIP granted in 2019, sale of shares 
                              to cover tax and transfer of shares to spouse 
 
c)   Price(s) and volume(s)   Price(s)  Volume(s) 
 
                              Nil       Options exercised 
                                        677,179 
                              £1.09019 
                                        Shares sold to cover tax 
                              Nil       327,533 
 
                              Nil       Number of shares released 
                                        349,646 
 
                                        Number of shares transferred 
                                        to 
                                        spouse 
                                        349,646 
 
 
d)   Aggregated Information 
 
                              See above 
                              £1.09019 
 
e)   Date of the transaction  22 August 2022 
 
f)   Place of the transaction London Stock Exchange (XLON) 
 
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 
 
   Notification and public disclosure of transactions by persons discharging 
     managerial responsibilities and persons closely associated with them 
 
1    Details of the person discharging managerial responsibilities / 
     person closely associated 
 
a)   Name                     Nicole Mangold 
 
 
2    Reason for the notification 
 
a)   Position/status          Wife of Ryan Mangold, Chief Financial 
                              Officer 
 
b)   Initial notification /   Initial 
     Amendment 
 
3    Details of the issuer, emission allowance market participant, auction 
     platform, auctioneer or auction monitor 
 
a)   Name                     FirstGroup plc 
 
b)   LEI                      549300DEJZCPWA4HKM93 
 
 
 
4    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 
 
a)   Description of the        Ordinary shares of 5p each 
     financial instrument, 
     type of instrument 
                               GB0003452173 
     Identification code 
 
b)   Nature of the transaction Transfer of shares from Ryan Mangold 
 
 
c)   Price(s) and volume(s)    Price(s)  Volume(s) 
 
                               Nil       349,646 
 
d)   Aggregated Information 
 
                               349,646 
                               £0.00 
 
e)   Date of the transaction   22 August 2022 
 
f)   Place of the transaction  Off market gift 
 
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 
 
 
 
END 
 
 

(END) Dow Jones Newswires

August 23, 2022 06:05 ET (10:05 GMT)

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