Stagecoach Group PLC Director/Pdmr Shareholding
03 September 2020 - 1:00AM
UK Regulatory
TIDMSGC
Stagecoach Group plc
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Persons Closely Associated with them
Stagecoach Group plc 2013 Executive Participation Plan (the "EPP")
Vesting of Awards
Awards made on 29 June 2017 ("2017 Awards") under the EPP to directors
of Stagecoach Group plc (the "Company"), vested on 2 September 2020,
resulting in awards of notional interests in Ordinary Shares of
125/228(th) p in the Company ("Deferred Shares") being released and
transferred to those persons for nil consideration in accordance with
the rules of the EPP.
The Company transferred to Martin Griffiths and Ross Paterson ordinary
shares of 125/228(th) p each ("Ordinary Shares") equivalent to the
number of Deferred Shares in their respective awards, less a number of
shares equivalent in value to payroll tax deductions due on the vesting
of those awards.
A summary of these transactions is set out below:
Reduction in number of Deferred Share award to cover Number of Ordinary Shares to be transferred to director/
Name of director/ PDMR Number of Deferred Shares vesting under the 2017 Awards payroll taxes PDMR
------------------------- --------------------------------------------------------- ------------------------------------------------------ --------------------------------------------------------------
Martin Griffiths
(Director) 94,880 45,657 49,223
------------------------- --------------------------------------------------------- ------------------------------------------------------ --------------------------------------------------------------
Ross Paterson (Director) 61,256 29,477 31,779
------------------------- --------------------------------------------------------- ------------------------------------------------------ --------------------------------------------------------------
The announcements on the vesting of the 2017 Awards, including the
notifications below, are made in accordance with the requirements of the
EU Market Abuse Regulation.
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -----------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
--- ------------------------------------------------------------ ---------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
--- ------------------------------------------------------------ ---------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
--- ------------------------------------------------------------ ---------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
--- ------------------------------------------------------------ ---------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
--- ------------------------------------------------------------ ---------------------------------------------------------
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
4 where transactions have been conducted
--- -----------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
--- ------------------------------------------------------------ ---------------------------------------------------------
Receipt, for nil consideration, of 49,223 Ordinary
shares on the vesting of Deferred Share awards under
the Stagecoach Group plc 2013 Executive Participation
Plan, after deduction of 45,657Deferred Shares to
b) Nature of the transaction cover payroll taxes.
--- ------------------------------------------------------------ ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ ------------------------- ------------------------------
Deferred Shares received Nil consideration 49,223
----------------------------------------------------------------- ------------------------- ------------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
--- ------------------------------------------------------------ ---------------------------------------------------------
e) Date of the transaction 2020-09-02
--- ------------------------------------------------------------ ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ ---------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
--- -----------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
--- ------------------------------------------------------------ ---------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
--- ------------------------------------------------------------ ---------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
--- ------------------------------------------------------------ ---------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
--- ------------------------------------------------------------ ---------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
--- ------------------------------------------------------------ ---------------------------------------------------------
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
4 where transactions have been conducted
--- -----------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
--- ------------------------------------------------------------ ---------------------------------------------------------
Receipt, for nil consideration, of 31,779 Ordinary
shares on the vesting of Deferred Share awards under
the Stagecoach Group plc 2013 Executive Participation
Plan, after deduction of 29,477Deferred Shares to
b) Nature of the transaction cover payroll taxes.
--- ------------------------------------------------------------ ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------------------------------ ------------------------- ------------------------------
Deferred Shares received Nil consideration 31,779
----------------------------------------------------------------- ------------------------- ------------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
--- ------------------------------------------------------------ ---------------------------------------------------------
e) Date of the transaction 2020-09-02
--- ------------------------------------------------------------ ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ ---------------------------------------------------------
For further information, please contact:
Analysts
Martin Griffiths, Chief Executive 01738 442111
Ross Paterson, Finance Director 01738 442111
Media
Steven Stewart, Director of Corporate Communications
07764 774680
2 September 2020
(END) Dow Jones Newswires
September 02, 2020 11:00 ET (15:00 GMT)
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