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RNS Number : 7368Z
National Express Group PLC
16 March 2017
 

16 March 2017

 

NATIONAL EXPRESS GROUP PLC (the 'Company')

 

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')

 

On 15 March 2017 awards to the following Executive Directors under the National Express Group Executive Deferred Bonus Plan (the 'Plan'), which were granted on 15 March 2016, automatically vested as summarised below.

 

Name of PDMR

Position of PDMR

Number of shares comprised within the award under the Plan

Dean Finch

Group Chief Executive

129,550

Matthew Ashley

Group Finance Director

40,278

 

On 15 March 2017 Mr Finch sold 129,550 shares at a price of £3.59 per share.  Mr Finch's personal tax and national insurance contributions liability arising on the vesting of the shares will be paid out of the proceeds of this sale.   Mr Finch's beneficial shareholding in the Company remains at 137,598 Ordinary shares.

 

On 15 March 2017 Mr Ashley sold 40,278 shares at a price of £3.59 per share. Mr Ashley's personal tax and national insurance contributions liability arising on the vesting of the shares will be paid out of the proceeds of this sale.   Mr Ashley's beneficial shareholding in the Company remains at 87,891 Ordinary shares.

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014:

1.        

Details of PDMR

 


Full Name

 Dean Finch


Position / status

Group Chief Executive


Initial notification / amendment

Initial notification

2.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

 

 

 

Name

National Express Group PLC

LEI

213800A8IQEMY8PA5X34

3.

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


Description of the financial instrument

Identification code

Ordinary shares of 5p each

GB0006215205

 

 

 


Nature of the transaction

Vesting of shares under the National Express Group Executive Deferred Bonus Plan, acquisition and immediate disposal of shares.


Price(s) and volume(s)

Price(s)

Volume(s)

£3.59 pence per Ordinary share

129,550 Ordinary shares






Aggregated information

Aggregated volume Price

 

  129,550 Ordinary shares at £3.59 per Ordinary share

  totalling £465,084.50

 


Date of the transaction

  15 March 2017.


Place of the transaction

  London Stock Exchange

 

1         

Details of PDMR

 


Full Name

 Matthew Ashley


Position / status

Group Finance Director


Initial notification / amendment

Initial notification

2

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

 

 

 

Name

National Express Group PLC

LEI

213800A8IQEMY8PA5X34

3

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


Description of the financial instrument

Identification code

Ordinary shares of 5p each

GB0006215205

 

 

 


Nature of the transaction

Vesting of shares under the National Express Group Executive Deferred Bonus Plan, acquisition and immediate disposal of shares.


Price(s) and volume(s)

Price(s)

Volume(s)

£3.59 pence per Ordinary share

40,278 Ordinary shares






Aggregated information

Aggregated volume Price

 

  40,278 Ordinary shares at £3.59 per Ordinary share

  totalling £144,598.02


Date of the transaction

  15 March 2017.


Place of the transaction

  London Stock Exchange.

 

Name of contact and telephone number for queries:

 

Joy Baldry

Company Secretary

0207 805 3801

 

Date: 16 March 2017

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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