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
/Amendment |
Initial |
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
financial instrument, type of instrument
Identification code |
Ordinary shares of 5p
each
GB0003452173 |
b) |
Nature of the
transaction
|
Exercise of nil-cost
options to acquire shares 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
£1.09019
Nil
Nil |
Options
exercised
677,179
Shares sold to cover
tax
327,533
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
/Amendment |
Initial |
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
financial instrument, type of instrument
Identification code |
Ordinary shares of 5p
each
GB0003452173 |
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 |