9 Mar 2017 16:23
9 March 2017
NATIONAL EXPRESS GROUP PLC
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
National Express Group PLC (the 'Company') announces that the following awards of forfeitable Ordinary shares of 5 pence each in the capital of the Company ('Shares') were made to the under-mentioned PDMRs, both being Executive Directors, on 8 March 2017 pursuant to the rules of the National Express Group Executive Deferred Bonus Plan ('EDBP'):
Executive Director | Number of Shares subject to the award made under the EDBP |
Dean Finch Group Chief Executive
|
91,838 |
Matthew Ashley Group Finance Director
|
31,503 |
No consideration was paid for the grant of the awards and no consideration is due on the vesting of the awards. The awards will normally vest on the first anniversary of the date of grant subject to continued employment. In accordance with our current Remuneration Policy, provisions exist that require the deferred shares to be forfeited or repaid should it be necessary for the Company to restate materially the financial results upon which the bonus was awarded within a two-year period following the deferred bonus being awarded.
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 | Award of forfeitable Ordinary shares of 5 pence each pursuant to the rules of the National Express Group Executive Deferred Bonus Plan | |||||||||||
Price(s) and volume(s) |
| |||||||||||
Aggregated information Aggregated volume Price |
91,838 Ordinary shares at 362.36 per Ordinary share totalling £332,784.
| |||||||||||
Date of the transaction | 8 March 2017. | |||||||||||
Place of the transaction | Outside of a trading venue. | |||||||||||
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 | Award of forfeitable Ordinary shares of 5 pence each pursuant to the rules of the National Express Group Executive Deferred Bonus Plan | |||||||||||
Price(s) and volume(s) |
| |||||||||||
Aggregated information Aggregated volume Price |
31,503 Ordinary shares at 362.36 per Ordinary share totalling £114,154.
| |||||||||||
Date of the transaction | 8 March 2017. | |||||||||||
Place of the transaction | Outside of a trading venue. | |||||||||||
Name of contact and telephone number for queries:
Joy Baldry
Company Secretary
0207 805 3801