National Express Group PLC Director/PDMR Shareholding (1748P)
25 May 2018 - 12:30AM
UK Regulatory
TIDMNEX
RNS Number : 1748P
National Express Group PLC
24 May 2018
National Express Group PLC
24 May 2018
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
The Company provides notification of the following transactions
effected on 23 May 2018 relating to Dean Finch, PDMR, and his
respective interests in the ordinary shares of nominal value 5p
each in the capital of the Company ("Shares") (ISIN:
GB0006215205).
The transactions arise from: (i) the vesting and exercise of a
nil cost option over certain Shares pursuant to the 5-year
performance conditioned award granted to him on 23 May 2013 under
the terms of the Company's 2005 (as amended) Long-Term Incentive
Plan ("LTIP"), and (ii) the immediate subsequent sale on the London
Stock Exchange of the Shares acquired under (i) above. Full details
of the award, the applicable performance conditions and the vesting
levels are set out in the Directors Remuneration Report to the
Company's 2017 Annual Report which is available on its website at
www.nationalexpressgroup.com.
Name and Number Number of Number Total beneficial Total other
position of Shares Shares vesting of acquired interest interest
of PDMR over which and acquired Shares held in held in Shares
original on exercise sold at Shares following following
award granted of nil cost 420.88p transactions transactions
option per share
--------------- --------------- ---------------- ------------- ------------------ ----------------
Dean Finch,
Group Chief
Executive 257,973 189,222(1) 189,222(2) 249,483(3) 1,342,102
--------------- --------------- ---------------- ------------- ------------------ ----------------
(1) All Shares delivered through the transfer of market
purchased Shares from the Company's Employee Benefit Trust. No
malus and clawback and no holding period restrictions apply to the
vested Shares. All unvested Shares automatically lapse.
(2) Including Shares sold on a compulsory basis to cover the
immediate personal tax and social security liability arising on
vesting.
(3) Including Shares held by connected persons.
Including interests under the Company's LTIP and Executive
Deferred Bonus Plan ("EDBP").
Post the above transactions, Mr Finch has a residual
shareholding value (comprising his beneficially owned Shares and
the forfeitable Shares in which he has an interest under the EDBP)
which is greater than the 200% of salary value which he is required
to attain by 2020 under the Company's share ownership
guidelines.
The Company can confirm that Mr Finch has complied with his
obligation under the EU Market Abuse Regulation to notify the
Financial Conduct Authority in respect of the above
transactions.
- END -
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)
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END
DSHFKQDPFBKKOPB
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