Go-Ahead Group PLC Director/PDMR Shareholding (8883W)
18 November 2017 - 3:44AM
UK Regulatory
TIDMGOG
RNS Number : 8883W
Go-Ahead Group PLC
17 November 2017
The Go-Ahead Group plc
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility
On 17 November 2017, The Go-Ahead Group plc granted conditional
share awards under The Go-Ahead Group Long Term Incentive Plan 2015
("LTIP") in accordance with the LTIP rules to the executive
directors as follows:
Name Number of share awards
granted under LTIP on
17 November 2017
-------------------------- -----------------------
David Brown, Group Chief
Executive 49,993
-------------------------- -----------------------
Patrick Butcher, Group
Chief Financial Officer 22,762
-------------------------- -----------------------
The targets of the long-term incentive award are set out below
and will be measured over the three-year performance period
commencing with the start of the 2017/18 financial period and
ending with the end of the 2019/20 financial period:
EPS Compound Payout Relative Payout Rail Bus customer
payout annual (% TSR (% of customer service
(% growth of vs each service target
of in EPS TSR FTSE customer target
element) element) 250 element)
(excluding
certain
sectors)
------------ ---------- --------- ---------- ------------ ---------- ---------- -------------
Weighting
(%
of
total
award) - 40% - 40% - 10% 10%
------------ ---------- --------- ---------- ------------ ---------- ---------- -------------
Less
than
RPI Less
Below +2% Below than Less than
threshold 0% p.a. 0% median 0% 82% 90%
------------ ---------- --------- ---------- ------------ ---------- ---------- -------------
RPI
+ 2%
Threshold 10% p.a. 25% Median 10% 82% 90%
------------ ---------- --------- ---------- ------------ ---------- ---------- -------------
Between Between Between Between Between Between Between Between
threshold 10% RPI 25% median 10% 82% 90% and
and and 2% p.a. and and and and 93%
maximum 100% and 100% upper 100% 86%
RPI quartile
10%
p.a.
------------ ---------- --------- ---------- ------------ ---------- ---------- -------------
RPI
+ 10% Upper
Maximum 100% p.a. 100% quartile 100% 86% 93%
------------ ---------- --------- ---------- ------------ ---------- ---------- -------------
This LTIP award will be subject to recovery and withholding
provisions for three years following vesting and an additional
two year holding period following the vesting of awards will
also apply.
This notification is made in accordance with the requirement of
the EU Market Abuse Regulation.
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ------------------------------------------------------------
a) Name David Brown
---- -------------------- --------------------------------------
2 Reason for notification
---- ------------------------------------------------------------
a) Position/status Group Chief Executive
---- -------------------- --------------------------------------
b) Initial Initial notification
notification/
Amendment
---- -------------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------
a) Name The Go-Ahead Group plc
---- -------------------- --------------------------------------
b) LEI 2138009TF1SYOMQLBJ60
---- -------------------- --------------------------------------
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 Ordinary shares of 10 pence each
of the
financial
instrument,
type of GB0003753778
instrument
Identification
code
---- -------------------- --------------------------------------
b) Nature Grant of conditional share awards
of the under The Go-Ahead Group Long Term
transaction Incentive Plan 2015 subject to
a three year deferral period and
continued employment
---- -------------------- --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
---- -------------------- ------------ ------------------------
GBP0.00 49,993 conditional
share awards
---- -------------------- ------------ ------------------------
d) Aggregated
information
- Aggregated 49,993 conditional share awards
volume
- Price GBP0.00
---- -------------------- --------------------------------------
Date of
e) the transaction 2017-11-17
---- -------------------- --------------------------------------
f) Place N/A
of the
transaction
---- -------------------- --------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------
a) Name Patrick Butcher
---- ------------------ --------------------------------------------
2 Reason for notification
---- ----------------------------------------------------------------
a) Position/status Group Chief Financial Officer
---- ------------------ --------------------------------------------
b) Initial Initial notification
notification/
Amendment
---- ------------------ --------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------
a) Name The Go-Ahead Group plc
---- ------------------ --------------------------------------------
b) LEI 2138009TF1SYOMQLBJ60
---- ------------------ --------------------------------------------
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 Ordinary shares of 10 pence each
of the
financial
instrument,
type of GB0003753778
instrument
Identification
code
---- ------------------ --------------------------------------------
b) Nature Grant of conditional share award
of the under The Go-Ahead Group Long Term
transaction Incentive Plan 2015 subject to a
three year deferral period and continued
employment.
---- ------------------ --------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
---- ------------------ ------------ ------------------------------
GBP0.00 22,762 conditional share
awards
---- ------------------ ------------ ------------------------------
d) Aggregated
information
- Aggregated 22,762 conditional share awards
volume
- Price GBP0.00
---- ------------------ --------------------------------------------
Date of
e) the transaction 2017-11-17
---- ------------------ --------------------------------------------
f) Place N/A
of the
transaction
---- ------------------ --------------------------------------------
For further information please contact:
Carolyn Ferguson, Group Company Secretary - 0191 232 3123
This information is provided by RNS
The company news service from the London Stock Exchange
END
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